Skip to main content RBC Global Energy and Power Conference – Rice Energy Investor Presentation | Shale Experts
Loading...
Pm

RBC Global Energy and Power Conference – Rice Energy

Rice Energy · Jun 3, 2014 · 30 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. RBC Global Energy and Power Conference – Rice Energy – slide 1
    RBC Global Energy & Power Conference June 2-3, 2014 1
  2. RBC Global Energy and Power Conference – Rice Energy – slide 2
    Rice Energy Overview Exploration and production company developing the Marcellus and Utica High Quality Assets Operational Excellence Economic and Visible Growth 90,000 net acres concentrated in the Prioritize safety and environment…
  3. RBC Global Energy and Power Conference – Rice Energy – slide 3
    Rice Energy Concentrated Core Position Stark Butler Wayne Columbiana Marcellus/Upper Devonian Utica Beaver Net acres at 3/31/14 (1): 43,978 Holmes Net acres at 3/31/14: 46,700 Hancock 1Q14 net production (MMcf/d): 209 Carroll Net…
  4. RBC Global Energy and Power Conference – Rice Energy – slide 4
    Rice A Returns Focused Company Extensive drilling inventory of low risk, high return projects Rice believes the most critical component of creating Rice Energy Well Economics 4.00 / MMBtu NYMEX (1) shareholder value is repeatedly…
  5. RBC Global Energy and Power Conference – Rice Energy – slide 5
    Established Track Record of Drilling Proficiency Proven track record of growing production, reducing costs and improving drilling efficiency Producing Horizontal Feet and Wells (Gross) Average Daily Production Feet (000) Wells MMcf/d…
  6. RBC Global Energy and Power Conference – Rice Energy – slide 6
    Pennsylvania Assets 6
  7. RBC Global Energy and Power Conference – Rice Energy – slide 7
    Marcellus Overview Summary Marcellus Well Results Acreage: 43,978 net acres in the southwestern Sustained prolific production rates over a 6-month period core (100% operated) Allegheny 48% held by production with an Mono 4H Avg 499…
  8. RBC Global Energy and Power Conference – Rice Energy – slide 8
    Peer-Leading Results with Strong Production Profiles Producing wells have exhibited strong production profiles compared to those of Marcellus peers D&C strategies have resulted in consistently higher cumulative production and cash flows…
  9. RBC Global Energy and Power Conference – Rice Energy – slide 9
    Rapidly Growing Production in a Capital Efficient Manner Growing production faster than our peers while maintaining a healthy balance sheet Rice 308 MMcf/d 41 Wells (1) Gross Daily Production (Mcf/d) Rice reached 300 MMcf/d of…
  10. RBC Global Energy and Power Conference – Rice Energy – slide 10
    Differentiator 1: Proficiency with Lateral Placement Consistently good well results generated by consistently good execution Within a localized geologic area, performance variability is mostly attributable to operator execution; not rock…
  11. RBC Global Energy and Power Conference – Rice Energy – slide 11
    Differentiator 2: Early Adopter of New Services & Techniques Track record of identifying, implementing and optimizing leading-edge completion designs early on in the science phase Average Frac Stage Length Feet per Stage 150-250 stages…
  12. RBC Global Energy and Power Conference – Rice Energy – slide 12
    Rices Marcellus Shale Type Curve 1.94 Bcf / 1,000 Type Curve (1) MMcf/d 16 All wells are produced on restricted 14 choke program 12 10 8 6 4 2 0 0.0 yrs 0.5 yrs 1.0 yrs 1.5 yrs 2.0 yrs 2.5 yrs 3.0 yrs Actual Production -…
  13. RBC Global Energy and Power Conference – Rice Energy – slide 13
    Ohio Assets 13
  14. RBC Global Energy and Power Conference – Rice Energy – slide 14
    Utica: Quickly Becoming Another Premier North American Play The Southern Utica Core has become the most active region in the Appalachian Basin Growth and Development Utica Rigs Over Time (1) The Utica play as a whole has contracted to…
  15. RBC Global Energy and Power Conference – Rice Energy – slide 15
    Industry Results Confirm our Position in the Utica Core Rices acreage is offset by some of the largest producing wells in the Utica IP Results Sized and Color-Coded 30 MMcfe/d Rice Acreage 20-30 MMcfe/d Hess: 1 well 10-20 MMcfe/d…
  16. RBC Global Energy and Power Conference – Rice Energy – slide 16
    High Volume Wells Predicted by Geologic Model Rice Energy controls 46,700 net acres in the heart of the high porosity Point Pleasant core in Belmont County 1 MMcfe 2 MMcfe 6 MMcfe 8 MMcfe 12 MMcfe 30 MMcfe 20 MMcfe Pending Results…
  17. RBC Global Energy and Power Conference – Rice Energy – slide 17
    Utica Learning Curve Update Systematically reducing drilling days/costs while maintaining precision wells 70 Improved Gas Development Days Science Days 60 10 Control Procedures Spud to TD Days Improved Mud 50 Properties 40…
  18. RBC Global Energy and Power Conference – Rice Energy – slide 18
    Rice-Gulfport Belmont County Development Agreement Rices AMI partnership provides the opportunity to leverage Gulfports Utica experience and realize substantial cost synergies Overview Acreage Map Rice and Gulfport Energy entered into…
  19. RBC Global Energy and Power Conference – Rice Energy – slide 19
    Rices Utica Well Economics Utica Dry Type Well Economics (1) Utica Dry IRR Sensitivity (2) Net Unrisked Locations 235 NRI HZ Ft. Inventory 1.8mm ft. 200% PV-10 (mm) 13.4 IRR 70% 155% Undiscounted Payback 1.2 yrs 150% 115% 108%…
  20. RBC Global Energy and Power Conference – Rice Energy – slide 20
    Midstream Assets 20
  21. RBC Global Energy and Power Conference – Rice Energy – slide 21
    Midstream Infrastructure Overview Committed to owning and operating midstream assets to ensure off-take capacity from the wellhead Overview Rice Gathering and Water System Strategy: Own and operate midstream infrastructure consisting…
  22. RBC Global Energy and Power Conference – Rice Energy – slide 22
    Firm Transportation and Firm Sales Concentrated core acreage with multiple outlets to regional, national and export markets Firm Transportation and Firm Sales by Pipeline (1) PA and OH Pipeline Map Firm capacity secures production…
  23. RBC Global Energy and Power Conference – Rice Energy – slide 23
    Basis Summary Rices firm transportation and sales contracts provides basis and pricing diversification Basis Exposure (1) Volume Weighted Basis Impact (1) (2) /MMBTU 2014 2015 100% 0% 1% 4/1 through 12/31 0.20 90% - 34% 80% (0.20)…
  24. RBC Global Energy and Power Conference – Rice Energy – slide 24
    Financial Policy 24
  25. RBC Global Energy and Power Conference – Rice Energy – slide 25
    Commodity Hedging Summary Strategy Hedge Book (1) 4/1/14- We employ financial instruments 12/31/2014 2015 2016 2017 (primarily swaps and costless collars) to NYMEX Henry Hub Contract Summary mitigate commodity price risk Natural Gas…
  26. RBC Global Energy and Power Conference – Rice Energy – slide 26
    2014 Guidance Capital Expenditure Drilling & Completion Capital Net Wells Turned to Budget by Type Expenditure Budget by Area Sales by Area (2) Utica, Midstream, 7, 16% 265, 22% Utica, 150, 26% Drilling, 580, 47% Leasehold,…
  27. RBC Global Energy and Power Conference – Rice Energy – slide 27
    1Q 2014 Snapshot 1Q14 Summary 1Q14 Financial Recap in millions 1Q 2014 1Q14 pro forma net production of 209 MMcf/d Pro Forma (1) representing a 135% increase relative to 1Q13 and a 36% sequential increase relative to 4Q13 Net Daily…
  28. RBC Global Energy and Power Conference – Rice Energy – slide 28
    Senior Unsecured Notes Offering Summary In April, Rice closed on the private placement offering of 900mm of senior unsecured notes due 2022 Senior Unsecured Notes Offering Pro Forma Capitalization 900 million senior unsecured notes…
  29. RBC Global Energy and Power Conference – Rice Energy – slide 29
    Why Invest in Rice 100% of Leasehold in Core of Marcellus and Utica Differentiated Technical Approach Has Led to Industry Leading Well Results Owned and Operated Gathering and Water Midstream Infrastructure Supports Our Upstream…
  30. RBC Global Energy and Power Conference – Rice Energy – slide 30
    1Q 2014 Pro Forma Adjusted EBITDA Reconciliation ( in millions) Adjusted EBITDAX reconciliation to net income: Net Income 124.1 Interest Expense 7.3 Depreciation, deplation and amortization 28.4 Amortization of deferred financing…

From the store

Browse maps, data & reports in the Shale Experts store