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Investor Presentation – Exco Resources Inc.

Exco Resources Inc. · Aug 3, 2011 · 22 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. Investor Presentation – Exco Resources Inc. – slide 1
    Second Quarter 2011 Review August 3, 2011 PPT 218 Q2 2011 Review
  2. Investor Presentation – Exco Resources Inc. – slide 2
    PPT 218 Q2 2011 Review Management Participants Doug Miller Chairman and CEO Steve Smith President and CFO Hal Hickey Vice President and COO Paul Rudnicki Vice President EXCO Resources, Inc. 2
  3. Investor Presentation – Exco Resources Inc. – slide 3
    PPT 218 Q2 2011 Review Introduction Strong volumes for both upstream & midstream Production volumes up 71% from Q2 2010 Midstream volumes up 20% from Q1 2011 Continuing to deliver results in our Haynesville/Bossier shale…
  4. Investor Presentation – Exco Resources Inc. – slide 4
    Results and Corporate Highlights Steve Smith PPT 218 Q2 2011 Review
  5. Investor Presentation – Exco Resources Inc. – slide 5
    PPT 218 Q2 2011 Review Corporate Highlights Q1 2011 Actuals Q2 2011 Actuals % (3) (3) ( in thousands) Amount Per Share Amount Per Share Change Oil and natural gas revenues 161,228 206,828 28% Cash settlements of derivatives…
  6. Investor Presentation – Exco Resources Inc. – slide 6
    PPT 218 Q2 2011 Review Cash Margin Analysis Unit costs improving as a result of shale development (per Mcfe) Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 2011 E Oil and natural gas revenues 4.46 4.44 4.19 4.40 4.54 4.61 Operating Costs…
  7. Investor Presentation – Exco Resources Inc. – slide 7
    PPT 218 Q2 2011 Review Production and Debt Profile Increasing production while managing balance sheet 700 3,500 600 3,000 Net Debt Outstanding - MM 500 2,500 Net Production - Mmcfe/d 400 2,000 300 1,500 200…
  8. Investor Presentation – Exco Resources Inc. – slide 8
    Financial Summary & Updated Guidance Paul Rudnicki PPT 218 Q2 2011 Review
  9. Investor Presentation – Exco Resources Inc. – slide 9
    PPT 218 Q2 2011 Review Liquidity and Financial Position in thousands 6/30/2011 7/27/2011 Cash(1) 214,401 138,131 Bank debt (LIBOR + 1.5% to 2.5%) 851,500 851,500 Senior notes due 2018 (7.5%)(2) 750,000 750,000 Total debt…
  10. Investor Presentation – Exco Resources Inc. – slide 10
    PPT 218 Q2 2011 Review Derivative Position Includes all positions entered into through 7/27/2011 NYMEX Contract Contract Contract natural gas price per NYMEX oil price per Equivalent Equivalent price per % Hedged Mmcf Mcf Bbls…
  11. Investor Presentation – Exco Resources Inc. – slide 11
    PPT 218 Q2 2011 Review Capital Forecast First Half Jul Dec Total ( in millions) 2011 Actuals 2011 Forecast 2011 Forecast Development capital expenditures 439 432 871 (1) Leasing 25 14 39 Seismic 5 7 12 Water pipelines &…
  12. Investor Presentation – Exco Resources Inc. – slide 12
    PPT 218 Q2 2011 Review Second Quarter 2011 Guidance vs. Actuals Strong performance despite 23 Mmcf/d curtailment; EBITDA higher than original guidance Second Quarter 2011 Guidance: Guidance: (dollars in thousands, except per unit…
  13. Investor Presentation – Exco Resources Inc. – slide 13
    PPT 218 Q2 2011 Review Quarterly 2011 Guidance Forecasting annual production growth in excess of 60% compared to full year 2010 25 30 Mmcf/d of curtailed volume in Q3 associated with the TGGT facility incident is expected to be…
  14. Investor Presentation – Exco Resources Inc. – slide 14
    Operations Update Hal Hickey PPT 218 Q2 2011 Review
  15. Investor Presentation – Exco Resources Inc. – slide 15
    PPT 218 Q2 2011 Review Q2 2011 Operations Highlights Record net production volumes of 500 Mmcfe/d Appalachia 3 rigs running in Q2 despite 23 Mmcf/d curtailed during Q2 as a with plans to exit 2011 result of TGGT incident;…
  16. Investor Presentation – Exco Resources Inc. – slide 16
    PPT 218 Q2 2011 Review East Texas/North Louisiana Realizing continued success in our core Haynesville/Bossier development areas Current operated shale production of 1.2 Bcf/d gross (365 Mmcf/d net); including OBO (operated by…
  17. Investor Presentation – Exco Resources Inc. – slide 17
    PPT 218 Q2 2011 Review East Texas/North Louisiana Cost saving initiatives Implementing significant capital cost reduction in North LA Variable components of cost reduction: Well Cost Drilling Bit selection Construction…
  18. Investor Presentation – Exco Resources Inc. – slide 18
    PPT 218 Q2 2011 Review Appalachia Significant Resource Potential Current development focused on Northeast Area 847,000 gross acres (379,000 net) with 140,000 net acres with Marcellus shale potential Central Appraisal Area…
  19. Investor Presentation – Exco Resources Inc. – slide 19
    PPT 218 Q2 2011 Review Marcellus Focus for 2011 Implement development in the Northeast Area Continue to improve technical understanding of the Marcellus shale play Pennsylvania production data available Competitor data trades…
  20. Investor Presentation – Exco Resources Inc. – slide 20
    PPT 218 Q2 2011 Review TGGT Holdings, LLC Throughput exceeds 1.5 Bcf/d Average Q2 throughput set a record, TGGT System exceeding 1.4 Bcf/d Holly: 893 Mmcf/d Holly Mid Cycle Shelby: 162 Mmcf/d Focus on well hookups Legacy…
  21. Investor Presentation – Exco Resources Inc. – slide 21
    PPT 218 Q2 2011 Review TGGT May 28, 2011 Treating Facility Incident Red River Parish, Louisiana The function of the damaged facility is to treat 450 Mmcf/d of natural gas to pipeline quality Failure of a vessel occurred,…
  22. Investor Presentation – Exco Resources Inc. – slide 22
    PPT 218 Q2 2011 Review 2011 Capital Forecast and Development Strategy Current E&P forecast totals 997 million(1) Haynesville development is our main activity as a result of 2011 Capital Forecast by Category Performance, as we…

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