Skip to main content 2Q 2017 Quarterly Update – Rex Energy Corp Investor Presentation | Shale Experts
Loading...
Pm

2Q 2017 Quarterly Update – Rex Energy Corp

Rex Energy Corp · Aug 9, 2017 · 28 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 1
    CORPORATE PRESENTATION August 2017
  2. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 2
    Company Overview Rex Energy is a pure-play Appalachian Basin focused company targeting wet- gas windows in the Pennsylvania Marcellus and Ohio Utica Shales Appalachian Basin Key Statistics Net Acreage(1) 112,500 Butler Operated…
  3. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 3
    Rex Energy Milestones Financial and Operational Milestones Beginning January 1, 2018, BP Energy Company will purchase the majority of C3+ product stream with favorable pricing to actual and projected 2017 prices BP Energy Company…
  4. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 4
    Future Liquidity Milestones Current Initiatives/Future Milestones Western Lawrence Assets Future non-core asset sales Westmoreland/Clearfield Assets Opportunity for further enhancements to liquids pricing Marketing Initiatives…
  5. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 5
    Operational Focus Moraine East Area Placed into sales on May 31, 2017 24-hour sales rate of 10.1 Mmcfe/d consisting of 4.4 MMcf/d of natural gas, 823 bbls/d of NGLs and 124 bbls/d of condensate Four-well Baird pad Two Marcellus wells…
  6. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 6
    Capital Efficient Production Growth 300.0 300.0 274.0 Average Daily Production (Mmcfe/d) 250.0 250.0 196.6 200.0 200.0 Net Operational Capex (MM) 170.3 150.0 135.0 150.0 115.0 130.0 100.0 100.0 65.0 - 80.0 50.0…
  7. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 7
    Utilizing Existing Pads to Maximize Efficiency Utilizing existing pads and increased well density saves approximately 1.0 million per pad Infrastructure already in place Land/title work already complete Rex has over 75 existing…
  8. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 8
    Rex Energy Corporate Presentation COMPANY OVERVIEW
  9. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 9
    Midstream Capacity Butler Operated Area 285 MMcf/d of total current processing capacity at MarkWest facilities Processing Capacity Pipeline connects Moraine East production to MarkWest facilities 390 MMcf/d of current and future firm…
  10. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 10
    Natural Gas Differentials Natural Gas Takeaway Natural Gas Differentials 2016 2017 2018 Gulf Coast transportation began on November 1, 0.00 2016, allowing access to premium Midwest and Gulf (0.10) Coast markets (0.20) (0.35) (0.35)…
  11. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 11
    Legacy Butler Operated Area Legacy Butler Operated Area(1) Total Acreage Two-Well Burr Pad: Total Gross / Net Acres 62,000/43,400 Two-Well Hamilton Pad Upper Devonian Lateral length: 5,200 Lateral length: 4,700 Sand Concentration:…
  12. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 12
    Moraine East Area Moraine East Area Total Acreage Total Gross / Net Acres 36,000/30,600 Baird Pad Average Working Interest 85% Fleeger II Pad Potential Drilling Locations(1)(2) Gross/Net Identified Locations 375/304 Current Well…
  13. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 13
    Moraine East Area Recent Developments Two Marcellus wells & two Burkett wells Average 24-hour sales rate of 10.1 Mmcfe/d consisting of 4.4 MMcf/d of natural gas, 823 bbls/d of NGLs and 124 bbls/d of condensate Two Marcellus wells had…
  14. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 14
    Enhanced Performance(1) Rex Energy has been successful in improving the well design in its Butler Op. Area 5.3 Bcfe 7.0 Bcfe 9.7 Bcfe EUR 11.7 Bcfe EUR 15.6 Bcfe EUR (80% ethane) (80% ethane) (80% ethane)(2) EUR EUR 8.9 Bcfe EUR…
  15. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 15
    Cost Environment Rex Energy has successfully reduced the cost to drill and complete a 6,000 lateral by 23% over the last 18 months All-In Well Cost 7.0 6.5 Efficiency Gains: consistent completion stage performance six stages per day…
  16. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 16
    Marcellus Economics(1) Marcellus Economics (55% Ethane Recovery)(2) Butler Legacy Moraine East Moraine East 8,000 10 YE2016 Estimated 2017 Program 9 All-in Well Cost 4.8 million 5.0 million 5.5 million 7,000 Lateral Length 5,000…
  17. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 17
    Moraine East Economics(1,2,3) Before Tax IRR 55.00 / bbls Before Tax IRR 3.00 / Mmbtu 60% 60% 50% 50% 40% 40% IRR, % IRR, % 30% 30% 32% 32% 20% 26% 20% 26% 10% 10% 0% 0% 2.00 2.50 3.00 3.50 4.00 40.00 45.00…
  18. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 18
    Warrior North Area Warrior North Area Total Acreage Total Gross / Net Acres 13,700/12,400 Seven-well Goebeler Pad Three-well Kiko Pad Average Working Interest 95% Potential Drilling Locations Two-well Perry Pad Gross/Net Identified…
  19. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 19
    Warrior North Economics(1) 2,000 1,200 YE15SEC YE16SEC Upside Case 55% Ethane Recovery(2) Curve Curve 2017 1,800 1,000 All-in Well Cost 5.5 million 6.2 million 6.2 million 1,600 Lateral Length 5,000 ft 6,500 ft 6,500 ft 1,400…
  20. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 20
    Warrior North Economics(1,2,3) Before Tax IRR 55.00 / bbls Before Tax IRR 3.00 / Mmbtu 100% 100% 90% 90% 80% 80% 70% 70% 59% 59% 60% 60% IRR, % IRR, % 50% 47% 50% 47% 40% 40% 32% 30% 30% 32% 20% 20% 10% 10% 0% 0%…
  21. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 21
    Warrior North Well Results Longer laterals and enhanced completion design driving increased production rates Longest average lateral lengths and highest sand concentrations utilized during completion 1,800 1,600 Kiko Pad…
  22. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 22
    Rex Energy Corporate Presentation APPENDIX
  23. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 23
    Hedge Position(1) Natural Gas Natural Gas Hedge Position (Mcf) 2017 2018 Swap Contracts Volume 6,330,000 15,335,000 Price 3.03 3.10 Swaption Contracts Volume 1,000,000 -- Price 3.33 -- Collar Contracts with Short Puts Volumes…
  24. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 24
    Hedge Position(1) Natural Gas Liquids NGL Hedge Position (Bbls) 2017 2018 Propane (C3) Swap Contracts Volume (Bbls) 405,000 630,000 Price 23.30 25.62 Butane (C4) Swap Contracts Volume 100,000 186,000 Price 28.54 32.94 Isobutane…
  25. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 25
    Hedge Position(1) Condensate Condensate Hedge Position (Bbls) 2017 2018 Swap Contracts Volume (Bbls) 25,000 60,000 Price 54.00 54.00 Collar Contracts Volumes -- 18,000 Ceiling -- 60.00 Floor -- 53.00 Collar Contracts with Short…
  26. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 26
    Hedge Position(1) Natural Gas Basis Differentials Natural Gas Basis Differential (Mcf) 2017 2018 Dominion Appalachia Swap Contracts Volume (Bbls) 7,471,000 18,980,000 Price (0.78) (0.81) Texas Gas Zone I Volume 6,120,000 14,600,000…
  27. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 27
    Non-Operated Appalachia Non Operated Westmoreland County, PA Non-Operated Overview Sizable acreage position in Westmoreland, Clearfield and Centre Counties, PA 25,400 gross / 10,200 net Combined average production for a recent…
  28. 2Q 2017 Quarterly Update – Rex Energy Corp – slide 28
    Butler Operated Area Stacked Pays RHINESTREET SHALE Reservoir 4 Mixed Organic & 200 thick Non-organic Shale (4,500 to 4,800 deep) UPPER DEVONIAN SHALES MIDDLESEX SHALE Mixed Organic & Non-organic Shale GENESEE SHALE Mixed…

From the store

Browse maps, data & reports in the Shale Experts store