Third Quarter 2016 Review Hal Hickey Chief Executive Officer Harold Jameson Chief Operating Officer Tyler Farquharson Chief Financial Officer November 2, 2016
EXCO Overview: Three Concentrated Resource Positions Operating Area Overview 1 Core Basins 2 East Texas and North Louisiana Net Acres/%HBP1 97,300/88% Appalachia Q3 16 Operated Rigs 0 Q3 16 Net Production (Mmcfe/d) 228 6/30/16…
Strategic Plan Update Focus Area Improvement Plan Q3 16 Update Improve Debt Structure To Currently working with lenders to amend credit agreement, noting borrowing base Provide Structural Liquidity redetermination was extended to…
1: Improve Debt Structure To Provide Structural Liquidity Debt And Liquidity Jun 16 Sep 16; Mixed Measures 1 Q3 16 Update 2 Focused on improving capital structure and providing Delta structural liquidity MM Unless Otherwise Noted…
2 Restructure Gathering And Transportation Contracts To Enhance Liquidity ETX/NLA Gross Transportation Commitments 16; MM 1 Execution Strategy 2 The Company is engaging its midstream and transportation providers to restructure these…
3: Reduce LOE And G&A Load To Reduce Fixed Cost Burden LOE By Quarter Headcount Reduction 15-16; MM 1 15-16; Mixed Measures 2 40% LOE 66% Headcount Reduction Since Reduction Since Q1 15 Q1 15 44MM1 G&A Run Rate 15 14 5583 13…
4: Improve Drilling And Completion Performance To Improve Capital Returns NLA Drilling Days Versus Depth Cumulative Gas vs. Time 16; ft, Days 1 16; Cumulative Production, Days 2 - 1,800,000 1,600,000 5,000 1,400,000 65% 1,200,000…
5: Implement A Liquidity Driven Prioritized Capital Allocation System To Ensure Highest And Best Use of Capital Capital Program Overview Capital Budget By Type 16; Mixed Measures 1 16; MM 2 Category Category Descriptions 16 Program…
Debt And Liquidity Profile Debt Principal And Liquidity Debt Principal Maturity Profile 16; Mixed Measures 1 16-22; MM 2 3Q 16 2Q 16 Factors Unit Actual Actual % Debt Schedule Cash And Restricted Cash1 MM 22 53 (58) Credit…
Financial And Operational Results Quarter-to-Date Year-to-Date 3Q 16 2Q 16 3Q 15 3Q 16 3Q 15 Factors Unit Actual Actual % Change Actual % Change Actual Actual % Change Rig Count 0 1 (100) 4 (100) 1 4 (75) Net Wells Drilled 0.0 0.9…
Actuals To Guidance Comparison Three Months Ended 3Q 16 3Q 16 Guidance 4Q 16 Guidance Full Year 2016 Guidance Factors Unit Actual Low High Low High Low High Rig Count (Gross) 0 0 0 1 Wells Drilled (Gross/Net) 0/0.0 0/0.0 0/0.0…
Hedge Positions Three Months Ended Twelve Months Ended Twelve Months Ended 12/31/16 12/31/17 12/31/18 Factors Unit Volume Price Volume Price Volume Price Natural Gas Bbtu, Fixed Price Swaps - Henry Hub /Mmbtu 14,260 2.88 23,700…
Appendix
North Louisiana Overview Operating Area Overview 1 Area Of Operations 2 Attribute Key Features Total Acreage1 51,500 net acres (38,000 shale) 100% HBP Active Wells 419 wells flowing to sales Production Q3 16: 159 Mmcfe/d…
Improve Economics Through Disciplined Execution And Cost Reductions NLA Lateral Length And Days To Drill NLA D&C Cost Per Lateral Foot 10-16; ft, Days 1 10-16; /ft 2 9,0 00 47 Days to drill 50 41 43 45 8,0 00 7,0 00 37 35…
East Texas Overview Operating Area Overview 1 Area Of Operations 2 Attribute Key Features Total Acreage1 45,800 net acres 74% HBP2 Active Wells 104 wells flowing to sales Production Q3 16: 69 Mmcfe/d Targeted Haynesville…
Improve Economics Through Disciplined Execution And Cost Reductions ETX Lateral Length And Days To Drill ETX D&C Cost Per Lateral Foot 10-16; ft; Days 1 10-16; /ft 2 8,0 00 Days to drill 70 59 7,0 00 54 52 60 6,0 00…
South Texas Overview Operating Area Overview 1 Area Of Operations 2 Attribute Key Features Total Acreage1 54,250 net acres 93% HBP (100% Core) Active Wells 235 wells Production Q3 16: 4.5 MBoe/d Targeted Eagle Ford Formations…
Appalachia Overview Operating Area Overview 1 Area Of Operations 2 Attribute Key Features Total Acreage1 201,800 net acres (130,400 shale) 89% HBP (shale) Active Wells 126 Marcellus wells flowing to sales Production Q3 16: 33…
Appendix: Single Well Economics Internal Type Curves NLA NLA NLA NLA Caddo Caddo Bossier ETX ETX STX Eagle STX Eagle DeSoto X-Unit Standard X-Unit Shelby Shelby ETX Ford Core Ford Core Unit Core Lateral Lateral Lateral HSVL BSSR…
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