First Quarter 2017 Review Hal Hickey Chief Executive Officer Harold Jameson Chief Operating Officer Tyler Farquharson Chief Financial Officer May 10, 2017
Strategic Plan Update Focus Area Improvement Plan Update Improve Debt Structure To Issued 300MM in new 1.5 Lien Notes and exchanged 683MM in existing 2 nd Lien Provide Structural Liquidity Term Loans for new 1.75 Lien Term Loans. These…
Shareholder Approval and NYSE Update Issue Requirements/Considerations Recent Capital Transactions NYSE 1% Rule: Requires consent of shareholders if a related party (director, officer and holder of more than 5% of outstanding shares)…
EXCO Overview: Three Concentrated Resource Positions Operating Area Overview 1 Core Basins 2 East Texas and North Louisiana Net Acres/%HBP1 96,300/87% Appalachia Q1 17 Operated Rigs2 1-3 Q1 17 Net Production (Mmcfe/d) 187 12/31/16…
2017 Capital Budget Capital Program Overview Capital Budget By Type 17; Mixed Measures 1 17; MM 2 Category Descriptions Category Drilling Currently running 4 rigs; plan to hold 4 rig program through 2017 Drilling and Completion1 137…
Improve Drilling and Completion Performance to Improve Capital Returns NLA Cumulative Gas vs. Time ETX Cumulative Gas vs. Time Mcf; Days 1 Mcf; Days 2 4,500,000 7,000,000 4,000,000 6,000,000 3,500,000 60% 5,000,000 45% 3,000,000…
Financial and Operational Results Quarter-to-Date Year-to-Date 1Q 17 4Q 16 1Q 16 1Q 17 1Q 16 Factors Unit Actual Actual % Change Actual % Change Actual Actual % Change Rig Count 1 0 100 2 (50) 1 2 (50) Gross/Net Wells Drilled 4/3.5…
Actuals to Guidance Comparison Three Months Ended 1Q 17 1Q 17 Guidance 2Q 17 Guidance3 Factors Unit Actual Low High Low High Wells Spud (Gross/Net) 4/3.5 5/3.9 11/3.9 Wells Turned to Sales (Gross/Net) 0/0.0 0/0.0 4/3.5…
Appendix
Hedge Positions Nine Months Ended Twelve Months Ended 12/31/17 12/31/18 Factors Unit Volume Price Volume Price Natural Gas Bbtu, Fixed Price Swaps - Henry Hub /Mmbtu 27,500 3.05 3,650 3.15 Collars - Henry Hub Bbtu 8,250 Sold…
Single Well Economics Internal Type Curves NLA NLA NLA NLA Caddo Caddo Bossier ETX ETX ETX DeSoto X-Unit Standard X-Unit Shelby Highlander Highlander Unit Core Lateral Lateral Lateral HSVL HSVL BSSR 1 Target Lateral Length Ft 4,500…
Non-GAAP Measures and Reconciliations Consolidated EBITDA and Adjusted EBITDA Reconciliations Three Months Ended (in thousands) March 31, 2017 December 31, 2016 March 31, 2016 Net income (loss) 8,193 (34,699) (130,148) Interest…
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