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FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc

Energy XXI Gulf Coast, Inc · Aug 14, 2014 · 19 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. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 1
    FY14 Year-End Conference Call August 14, 2014 Houston, TX NASDAQ: EXXI AIM: EXXI www.energyxxi.com
  2. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 2
    Image goes here Chairman & CEO JOHN D. SCHILLER 3
  3. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 3
    Oil-Focused Program Drives Results Annual Production (Net MBOE/d) 59-64 17.0 44.1 45.0 43.1 14.9 13.6 14.8 34.6 11.2 44.5 21.8 19.4 7.1 30.5 30.1 8.0 28.3 23.4 14.7 11.4 FY 09 FY 10…
  4. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 4
    Proved Reserves: Continued Oil Growth 300 9000 6-Year PV-10 CAGR: Natural Gas 8000 48% 246 250 Oil PV-10 7000 6-Year Proved 61 Reserves CAGR: 200 6000 36% 179 5000 MMBOE 150 45 117 120 4000 Oil Concentration Has Helped…
  5. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 5
    124% Organic Oil Replacement in FY14 FY14 Net Proved Reserves (MMBOE) 76.9 13.6 246.2 (16.4) (4.7) (1.7) 178.5 Produced 11 MMBbl Oil Added 14 MMBbl Oil Oil Gas June 30, 2013 Acquisitions Production Revisions & Adds…
  6. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 6
    Continued PV-10 Growth PV-10 (MM) 14626 PV-10 Growth: 1P: 48% CAGR 2P: 53% CAGR 10947 3P: 55% CAGR 11,230 8,387 6648 7,602 4936 6,150 5,772 4,437 4,301 2531 3,337 1643 2,252 1,849 1,060 1,335 2009 2010 2011 2012…
  7. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 7
    Image goes here Chief Financial Officer WEST GRIFFIN 8
  8. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 8
    Operating Data per BOE Quarter Ended 12/31/12 3/31/13 6/30/13 9/30/13 12/31/13 3/31/14 6/30/14 Revenue (MM) 320.5 303.8 314.3 324.6 296.8 285.2 324.1 MBO/d 29.4 28.6 28.9 29.7 30.2 28.4 32.0 MBOE/d 44.6 43.5 46.8 46.6 45.1 42.3…
  9. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 9
    History of Reducing Leverage EPL ExxonMobil Net Debt / Total Capitalization Acquisition Acquisition June 2014 Dec 2010 67% 62% Share Repurchase 53% 49% 39% 2010 2011 2012 2013 2014 Targeting debt/total capitalization of…
  10. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 10
    Focused on Value Delivering Growth FY 2015 Volume Projections Business Goals FY 2015 1Q FY15 Net Production (per day) Oil, including NGLs (Bbls) 42,000 47,000 40,000 43,000 Increase Production Boe 59,000 64,000 57,000 60,000…
  11. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 11
    Image goes here John Schiller, Chairman & CEO OPERATIONS UPDATE 12
  12. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 12
    Development Focused Capital Program FY15 Capital Budget 875 MM Exploration 33 70% of capital is directed towards development 82% of uplift capital is Development oil-directed G&A, ARO, Drilling, Land Completions, Front-loaded…
  13. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 13
    Delivering on Synergy Savings Original Expectations Current Annualized Savings Year 1 Year 2 Year 1 LOE (before insurance) 5 20 LOE (before insurance) 15 Insurance/Wind Derivatives 15 15 Insurance/Wind Derivatives 25 G&A 7.5 15 G&A…
  14. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 14
    Moving Forward with Focus and Discipline Continued synergy savings throughout fiscal 2015 Increase oil production through low-risk development drilling Increase cash flow through capital discipline Reducing leverage to strengthen…
  15. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 15
    Image goes here Q&A 16
  16. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 16
    Contact Stewart Lawrence, IRO Greg Smith, Director of IR Energy XXI Energy XXI 1021 Main Street, Suite 2626 1021 Main Street, Suite 2626 Houston, Texas 77002 Houston, Texas 77002 713.351.3006 713.351.3149 slawrenceenergyxxi.com…
  17. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 17
    Image goes here ADDENDUM 18
  18. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 18
    FY14 Proved Reserves by Area Proved Reserves (MMBOE) Proved Reserves PV-10 (MM) Grand Isle Grand Isle 4% 4% Main Pass Main Pass 13% 15% West Delta 36% Other Other West Delta 10% 42% 7% Ship Shoal Ship Shoal 8% 9%…
  19. FY14 Year End Conference Call – Energy XXI Gulf Coast, Inc – slide 19
    FY14 Year-End 3P Reserves (MMBOE) 06-30-13(1): 06-30-14(2): 3P Reserves Detail 3P Reserves Detail POS PDP POS 89 113 PDP 78.1 91.0 PRB PRB 53.6 PUD 96 PDN PUD 37 69.0 PDN 96 18.5 Proved Reserves up 310 MMBOE 38% 432 MMBOE…

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