Exco Resources Inc · OTC:EXCE
Exco Resources — Deutsche Bank 2008 Energy & Utilities Conference
14 slides from Exco Resources's conference presentation, May 28, 2008
Slide 1: Deutsche Bank 2008 Energy & Utilities Conference
PPT-042-DeutscheBnkConf_5-29-08 Deutsche Bank 2008 Energy & Utilities Conference May 29, 2008
Slide 2: Forward Looking Statements
EXCO Resources, Inc. 2 PPT-042-DeutscheBnkConf_5-29-08 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 relat
Slide 3: Forward Looking Statements (continued)
EXCO Resources, Inc. 3 PPT-042-DeutscheBnkConf_5-29-08 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 hav
Slide 4: Disciplined Growth Strategy
EXCO Resources, Inc. 4 PPT-042-DeutscheBnkConf_5-29-08 Disciplined Growth Strategy EXCO’s formula for creating equity value enables us to deliver strong, sustainable equity returns over the long term Disciplined Growth Strategy Acquire Long-Life Properties in Key Areas Aggressively Develop Asset Bas
Slide 5: Key Investment Highlights
EXCO Resources, Inc. 5 PPT-042-DeutscheBnkConf_5-29-08 Key Investment Highlights • Outstanding Track Record – 43.4% annualized growth in common share value since 1998 – 40% and 69% compounded growth rates in production and reserves since 2004 • Outstanding Reserve Base(1) – 2.1 Tcfe proved reserves
Slide 6: Peer Valuation Comparison
EXCO Resources, Inc. 6 PPT-042-DeutscheBnkConf_5-29-08 Peer Valuation Comparison 1) Enterprise value based on first quarter 2008 balance sheet and adjusted for latest disclosed equity offerings, acquisitions, and dispositions with the stock price as of close on 5/22/08 2) Proved reserves as of 12/31
Slide 7: Reserve Base
EXCO Resources, Inc. 7 PPT-042-DeutscheBnkConf_5-29-08 12 Bcfe Proved 233 Bcfe 3P 1,333 Bcfe 3P+ 2 Mmcfe/d Proved Reserves = 2.1 Tcfe 3P Reserves = 4.5 Tcfe 3P+ Reserves = 15.0 – 23.0 Tcfe Current Production = 400 Mmcfe/d Rockies 144 Bcfe Proved 339 Bcfe 3P 639 Bcfe 3P+ 30 Mmcfe/d Permian Basin 584
Slide 8: Inventory for the Future
EXCO Resources, Inc. 8 PPT-042-DeutscheBnkConf_5-29-08 Inventory for the Future Includes over 23,000 drilling locations representing 13.6 - 21.6 Tcfe of reserves Appalachia 6,500+ 7,000-12,000 2-5 years ETX/NLA 1,500+ 2,000-5,000 2-4 years Mid-Continent 500+ 100 3-5 years Permian 700+ 300 2-5 years
Slide 9: Marcellus and Huron Shale Fairways
EXCO Resources, Inc. 9 PPT-042-DeutscheBnkConf_5-29-08 Marcellus and Huron Shale Fairways We believe our Appalachian Division assets contain 7 - 12 Tcfe of potential shale reserves Marcellus • Total Marcellus shale acreage – 450,000 gross – 415,000 net • Marcellus fairway acreage – 290,000 gross – 2
Slide 10: Haynesville Shale
EXCO Resources, Inc. 10 PPT-042-DeutscheBnkConf_5-29-08 Haynesville Shale We believe our East Texas / North Louisiana division assets contain 2-5 Tcfe of Haynesville shale potential • Total Haynesville shale acreage – 123,000 gross – 101,000 net • 2008 activities – Drilled 2 vertical evaluation well
Slide 11: 2008 Capital Budget and Drilling Schedule
EXCO Resources, Inc. 11 PPT-042-DeutscheBnkConf_5-29-08 2008 Capital Budget and Drilling Schedule 63% 31% 2% 4% Drilling & Completion $577 MM (706 projects) Exploitation $32 MM (82 projects) Operations & Other $276 MM Midstream $19 MM Our currently approved development budget totals $923(1) million,
Slide 12: Liquidity and Financial Position
EXCO Resources, Inc. 12 PPT-042-DeutscheBnkConf_5-29-08 Liquidity and Financial Position (1) Excludes unamortized bond premium (2) Excludes $7 million in offering costs (3) Net of $4.3 million in letters of credit at both March 31, 2008 and May 1, 2008 (in thousands) March 31, 2008 May 1, 2008 Cash
Slide 13: Current Hedge Position
EXCO Resources, Inc. 13 PPT-042-DeutscheBnkConf_5-29-08 Current Hedge Position NYMEX Swaps Gas Mmcf Contract price per Mmcf Oil Mbbls Contract price per Bbl Percent Hedged(1) Q2 2008 26,695 $ 8.27 355 $ 68.23 80% Q3 2008 26,900 8.29 358 68.20 79% Q4 2008 26,910 8.39 358 68.16 77% 2009 100,530 8.18 1
Slide 14: Deutsche Bank 2008 Energy & Utilities Conference
PPT-042-DeutscheBnkConf_5-29-08 Deutsche Bank 2008 Energy & Utilities Conference May 29, 2008
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