Exco Resources Inc · OTC:EXCE
Exco Resources — Developing Unconventional Gas Conference & Exhibition (March 2010)
15 slides from Exco Resources's conference presentation, Mar 31, 2010
Slide 1: Developing Unconventional Gas Conference & Exhibition
Exhibit 99.1 Developing Unconventional Gas Conference & Exhibition Hal Hickey – Vice President and Chief Operating Officer PPT-136-DUG Conference – 03.31.10
Slide 2: Forward Looking Statements
PPT-138 – Howard Weil – March 2010 Forward Looking Statements This presentation contains forward-looking statements, as defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, or the Exchange Act. These forward-looking statements relate to, among other th
Slide 3: Forward Looking Statements (continued)
PPT-138 – Howard Weil – March 2010 Forward Looking Statements (continued) We believe that it is important to communicate our expectations of future performance to our investors. However, events may occur in the future that we are unable to accurately predict, or over which we have no control. You ar
Slide 4: EXCO Resources, Inc.
PPT-138 – Howard Weil – March 2010 EXCO Resources, Inc. Well positioned to exploit significant shale resource base • 1.2 Tcfe (1) of Proved Reserves • Significant Unproved Upside • ~1.0 million net acres • Current net production of ~265 Mmcfe/d • 800 employees • Successfully shifted focus from acqui
Slide 5: Reserve Base
PPT-136-DUG Conference – 03.31.10 Reserve Base Portfolio focused on shale resources Appalachia Proved Reserves = 1.2 Tcfe 3P+ Reserves and Resources = 15.8 Tcfe Proved: 0.3 Tcfe 3P+: 11.6 Tcfe Production: 38 Mmcfe/d Net acreage: ~654,000 Permian Proved: 0.1 Tcfe 3P+: 0.3 Tcfe Production: 18 Mmcfe Ne
Slide 6: Haynesville Assets and Efforts
PPT-136-DUG Conference – 03.31.10 Haynesville Assets and Efforts Implementing our growth strategy • ~53,900 net Haynesville acres – Actively working to acquire additional EXCO / BG acreage JV Area • 23 Mmcf/d average IP in DeSoto Parish – PUD’s booked at an average of 6.6 Bcf – Average of 2.5 PUD lo
Slide 7: EXCO Gross Operated Haynesville Shale Production
PPT-136-DUG Conference – 03.31.10 EXCO Gross Operated Haynesville Shale Production Current Gross Operated Production 360 Mmcf/d; project to exit 2010 at ~795 Mmcf/d gross 1,000 YE 2010: 900 Midpoint projection at 795 Mmcf/d 800 360 Mmcf/d Gross Production 700 600 500 3/14/08: XCO TD’s first Haynesvi
Slide 8: Haynesville and Bossier Development plans
PPT-136-DUG Conference – 03.31.10 Haynesville and Bossier Development plans • Focus on Haynesville – Optimize DeSoto Parish • 36 wells drilled with similar completions to establish baseline performance • Now initiating 80 acre downspacing tests • Pad drilling in progress on certain areas in our Holl
Slide 9: Haynesville IP Rate Consistency
PPT-136-DUG Conference – 03.31.10 Haynesville IP Rate Consistency 23 Mmcf/d average IP in DeSoto Parish 2010 EXCO Operated Haynesville IP's DeSoto Parish, LA 30,000 25,000 20,000 15,000 10,000 5,000 0 Well 25 Well 26 Well 27 Well 28 Well 29 Well 30 Well 31 Well 32 Well 33 Well 34 Well 35 Well 36 • E
Slide 10: Choke Management
PPT-136-DUG Conference – 03.31.10 Choke Management Consistently restricted drawdowns, beginning with our first well Oden Heirs 30 H-6 First 30 days to sales 24000 120 • First 30 day plot 22000 on our first 20000 100 horizontal well • Increase choke 18000 16000 80 size to a max th 14000 26/64 12000 6
Slide 11: Choke Management
PPT-136-DUG Conference – 03.31.10 Choke Management First well with more restricted choke Waldron 7-5 First 30 days to sales 24,000 120 • Recent tests on two 22,000 110 wells to further 20,000 100 restrict rate and 18,000 90 minimize drawdown 16,000 80 • Increase choke size 14,000 70 th to a max 20/6
Slide 12: 2009 EOY Reserves Type Curve
PPT-136-DUG Conference – 03.31.10 2009 EOY Reserves Type Curve DeSoto Parish Haynesville PUD (EUR ~ 6.6 Bcf) EXCO Resources, Inc. 12
Slide 13: First Haynesville Well - Oden 30 H-6
PPT-136-DUG Conference – 03.31.10 First Haynesville Well - Oden 30 H-6 EUR projections – large 3P potential EXCO Resources, Inc. Oden 30 H-6 • EXCO’s first operated DeSoto Parish, Louisiana horizontal Haynesville well • IP of 22.9 Mmcf/d December 2008 10,000 Current Reservoir Simulation EUR = 9.5 Bc
Slide 14: Down Spacing Tests
PPT-136-DUG Conference – 03.31.10 Down Spacing Tests 89 contiguous sections We may soon set record for the largest capital investment per section Slots 1 2 3 4 5 6 7 8 1 Locations 6 and 8 Cased Locations 1, 5 and 7 Drilling End of Year Reserves Classification Green – Proved Developed Producing Pink_
Slide 15: EXCO Midstream Operations
PPT-136-DUG Conference – 03.31.10 EXCO Midstream Operations East Texas / North Louisiana – Positioned for growth • Completed 36 inch, 29 mile Haynesville header system • Throughput capacity in excess of 1.5 Bcf/d • Constructing 1 Bcf/d of treating capacity EXCO Resources, Inc. 15
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