Second Quarter 2018 Updated Investor Deck August 9, 2018 Nasdaq: EGC www.energyxxi.com www.energyxxi.com
energy xxi gulf coast, inc. 2Q 2018 Earnings Results Nasdaq: EGC 4
Highlights and Recent Key Items energy xxi gulf coast, inc. Announced definitive agreement to be acquired by affiliates of Cox Oil LLC for approximately 322 million, or 9.10 per fully diluted share Produced an average of…
Merger of EGC and Affiliates of Cox Oil LLC (Cox) energy xxi gulf coast, inc. Announced definitive agreement on June 18, 2018 to be acquired by affiliates of Cox for approximately 322 million, or 9.10 per fully diluted share EGC…
2018 Drilling Program energy xxi gulf coast, inc. Drill Well Drill Well Drill Well West Delta 74 West Delta 73 South Timbalier 54 Cato McCloud Koala Spud: May 2018 Spud: April 2018 Spud: July 2018 EGC Core Operating Area TD: 11,439…
Production History energy xxi gulf coast, inc. 40,000 Initiated production of 35,950 successfully drilled 35,000 32,600 development wells McCloud and Cato during Q3 2018 30,000 27,650 26,600 25,300 Completed replacement of…
Direct LOE, Insurance and Workovers energy xxi gulf coast, inc. Safety at the forefront of 85.0 83.7 everything that we do 82.0 80.9 Increased drilling activity 79.3 80.0 77.8 Cost Steering Committee focused on operational…
Pipeline Facility Fee Gathering & Transportation energy xxi gulf coast, inc. Pipeline Facility Fee flat 25.0 10.5 MM quarterly 20.7 Decline in Gathering and 20.0 Transportation expense in 1H2018 due to timing of maintenance…
G&A Expenses energy xxi gulf coast, inc. 25.0 Cost saving initiatives and financial discipline continue to limit G&A expense increases 20.0 2.9 Adjusted staffing levels compared to the second quarter of 2017 contributed to…
Liquidity Profile energy xxi gulf coast, inc. June 30, 2018 MM Total Cash & Cash Equivalents(1) 98 Exit Credit Agreement 273(2) Less: Amount Drawn (58) Less: Letter of Credit Utilization(3) (202) Total Available Credit…
Crude Hedge Profile (As of 08/09/18) energy xxi gulf coast, inc. Currently Hedged - 8,000 bpd of Jul-Dec18 50.68 WTI Swaps - 3,000 bpd of Cal19 61.00 Brent Swaps Capacity to Hedge - 75% of PDP reduced to 55% of PDP during…
energy xxi gulf coast, inc. Appendix Nasdaq: EGC 14
Adjusted EBITDA Reconciliation energy xxi gulf coast, inc. Adjusted EBITDA is a supplemental non-GAAP financial measure. Adjusted EBITDA is not a measure of net income or cash flows as determined by United States Generally Accepted…
EGC Portfolio energy xxi gulf coast, inc. Summary Oil-Weighted Asset Base Year-End Proved Reserves were 84% Oil Operator in the GOM since 2006 Currently concentrated on the GOM Shelf 155 Blocks with 55 Producing Fields 577 Gross…
EGC SEC Reserves Year-End 2017 (1) energy xxi gulf coast, inc. Category Mix Total 88.2 MMBOE 84% Oil Gas NGL 14% 2% PUD 22.0 PDP PDN 56.1 10.1 Oil 84% Reserves Category Net Oil Net NGL Net Gas Net Total MMBO…
EGC Forward Strip Reserves 1-26-18 (1) energy xxi gulf coast, inc. Category Mix Total 92.1 MMBOE 84% Oil Gas NGL 14% 2% PUD 23.2 PDP PDN 58.3 10.6 Oil 84% Reserves Category Net Oil Net NGL Net Gas Net Total MMBO…
SEC and Strip Pricing PV10 energy xxi gulf coast, inc. 1,600 1,400 1,200 1,000 MM 800 600 400 200 0 1P 2P 3P SEC Pricing 15 614 1,119 Strip Pricing 323 1,003 1,555 12/31/17 SEC Pricing: 47.79/BBL, 2.98/MCF…
Changes in SEC Reserves 3-31-17 to 12-31-17 energy xxi gulf coast, inc. Reductions include (8.8) MMBOE for production from March 31 to December 31, 2017 (7.3) MMBOE due to higher estimated LOE costs (5.3) MMBOE for reserve…
energy xxi gulf coast, inc. Al Petrie Investor + Media Relations Coordinator apetrieenergyxxi.com (713) 351-3171 Argelia Hernandez Investor + Media Relations Specialist Energy XXI Gulf Coast, Inc. ahernandezenergyxxi.com 1021…
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