November2016_IR Key Investment Highlights 101,000 net acres in the core of the Utica Shale and 13,000 net acres in the liquids rich Marcellus Shale Premier Utica 43% of acreage located in the Utica Shale dry gas window and 57% of…
November2016_IR Company Overview Eclipse Resources is a pure play E&P engaged in the acquisition and development of oil and gas assets with over 114,000 acres in the core of the Utica and Marcellus Shales Eclipse Utica Shale Core…
November2016_IR High Quality Assets Eclipses Utica Dry Gas and Marcellus acreage provide sizable economic returns at current strip pricing, while the Condensate and Rich Gas acreage allow for commodity price diversification and…
November2016_IR Completion Design Evolution Eclipse continues to experiment with higher intensity completions while maintaining a flat cost structure, and recently set Halliburtons Southern Region1 record for monthly stages with…
November2016_IR Increasing Returns with Longer Laterals1 Doubling the lateral length from 6,500 to 13,000 substantially increases BTIRRs in both the Dry Gas and Condensate areas Dry Gas Area2 Condensate Area3 6,500 LL 26% 6,500…
November2016_IR Utica Dry Gas Economics 13,000 Lateral Dry Gas Type Curves Metrics Daily Gas Production1 35 Dry Gas East (2.2 BCF/1,000') Well Dry Gas West (1.8 BCF/1,000') 30 Aggressively Pressure Gas Production (MMcf/Day)…
November2016_IR Utica Condensate Economics 13,000 Lateral Condensate Type Curves Metrics Daily Gas Production1 10 Lean Condensate (0.9 BCFE/1,000') Rich Condensate (0.9 BCFE/1,000') Well Gen 1 Gas Production (MMcf/Day) Cost…
November2016_IR Marcellus Condensate Economics 10,000 Lateral Marcellus Type Curves Metrics Daily Gas Production1 12 Well Marcellus (1.6 BCFE/1,000') Gen 1 Gas Production (MMcf/Day) Cost 10 7.44 MM 8 IP 6 Rate…
November2016_IR Purple Hayes 1H Update Daily Rates The Purple Hayes well has exceeded internal expectations 7,000 500 during its first 185 days of production 6,000 Flat gas production 400 5,000 Flat condensate yield…
November2016_IR Purple Hayes 1H Update Given the well results over the first 185 days, Eclipse believes the Purple Hayes well is trending towards its Mid to High Forecast as production continues to remain flat and pressure…
November2016_IR Growth through Operational Performance Eclipse continues to reduce per unit capital and operating costs while rapidly increasing scale Operated Lateral Length (ft) Total Cost per Lateral Foot Production Costs per…
November2016_IR Diversified Midstream Strategy Eclipses acreage is centered across a confluence of major interstate pipelines providing significant in- and out-of-basin optionality Highlights ET Rover Mariner East II Term: 15…
November2016_IR Firm Gas Transportation Portfolio Sized for Production Growth1 Eclipse's Diverse Firm Gas Transportation Portfolio provides significant optionality to various end markets, with appropriately sized positions to…
November2016_IR Liquidity & Debt Reduction Eclipse is focused on maintaining a conservative balance sheet with strong liquidity and leverage position to fund development of its world-class assets Highlights Senior Notes ( MM)…
November2016_IR Overview of Eclipses Attractive Hedge Portfolio1 Eclipse continues to actively hedge expected production to provide predictable cash flows and limit capital plan funding risk Recently increased our 2018 natural gas…
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November2016_IR Eclipse Q4 & Full Year 2016 Guidance Eclipse expected to rapidly grow production and cash flows in 2016 Q4 2016E FY 2016E Low High Low High Avg. Daily Production (MMcfe/d) 245 250 225 230 2016 Capital…
November2016_IR Utica and Marcellus Type Curve Areas with Point Pleasant OGIPs 21
November2016_IR NGL Infrastructure Q3 2016 avg. realized price of 13.41/Bbl and represents 15% of total production Mount Belvieu Eclipse Mariner East II contract to begin in Q3 2017 Contract to market propane and butane using East…
November2016_IR Type Curve Summary Dry Gas Condensate / Lean Rich Very Rich Marcellus Dry Gas East Central Dry Gas West Rich Gas Rich Gas Condensate Condensate Condensate Condensate Gas IP Rate (Mcf/d) 25,200 22,500 21,000…
November2016_IR Type Curve & Cost Assumptions Details Dry Gas Dry Gas Dry Gas Condensate / Lean Rich Very Rich Marcellus Rich Gas East Central West Rich Gas Condensate Condensate Condensate Condensate Type Curve Assumptions…
November2016_IR Net Undeveloped Locations Risked Net Undeveloped Locations are calculated by taking Eclipses total net undeveloped acreage and multiplying such amount by a risk factor (to account for inefficient unitization) which…
November2016_IR Hedging Summary1 Volume Weighted Average Volume Weighted Average Natural Gas Hedges Production Period Oil Hedges Production Period (MMBtu/d) Price (/MMBtu) (Bbl/d) Price (/Bbl) Natural Gas Swaps Oil Swap 65,000…
November2016_IR Proved Reserves Summary1 Eclipse has been able to achieve significant growth in proved reserves and proved developed reserves since the commencement of its active drilling program in late 2013 Net Oil Net NGL Net…
November2016_IR Non-GAAP Reconciliations Adjusted EBITDAX Three Months Ended September 30, 2016 2015 Net loss (26,801) (81,468) Depreciation, depletion and amortization 28,225 67,172 Exploration expense 12,083 3,244 Rig…
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