A PowerPoint presentation by Rex Energy with details for capital spending budget plans for drilling projects in 2013. The presentation shows Rex plans to spend nearly $200 million on drilling in the Marcellus and Utica Shale region.
An updated investor slide presentation loaded with details about Range's operations in the Marcellus/Utica, and details about drilling in the northeast in general.
This document summarizes Devon Energy's presentation at the J.P.Morgan Energy Equity Conference on June 26, 2017. Devon has a premier portfolio of assets focused on the STACK and Delaware Basin plays, which provide multi-decade growth potential through large drilling inventories. Devon is accelerating its capital investment and rig activity to rapidly expand its high-margin production while maintaining a strong financial position and investment-grade credit ratings. The company is focused on operational excellence and technological innovation to improve capital efficiency and well productivity.
Memorial Resource Development Analyst Field Trip Presentation - April 2015Marcellus Drilling News
An analyst field trip presentation from April 2015 for Memorial Resource Development Corporation. The presentation shows the geology and details of MRD's drilling in the Terryville Field area of the Cotton Valley Tight Gas play in northern Louisiana. MRD entered into a deal in May 2016 to be bought by Range Resources, a Marcellus Shale producer.
A PowerPoint presentation from Range reviewing recent production and developments, delivered as part of their 1Q14 update. Lots of great information. In particular, MDN likes the following slides: 7, 11, 12-17, 31, 51, 53, 56. Take time to review the entire thing!
Lots of great slides with maps and details of Rice's Marcellus and Utica Shale drilling programs. Rice Energy went public in January 2014 and raised $924 million. So far, as of 1Q14, they have drilled 41 shale wells that are turned in and online, earning them money. In 1Q14 those 41 wells produced a collective average of 209 million cubic feet of natural gas per day.
An updated PowerPoint presentation summarizing CONSOL's second quarter 2016 operating and financial status. CONSOL has largely completed a transition from coal company to natural gas driller--focused on the Marcellus and Utica Shale region.
J.p. morgan 2017 energy equity conference finalDenbury
- Denbury is an oil and gas company focused on CO2 enhanced oil recovery (CO2 EOR) projects in the Gulf Coast and Rocky Mountain regions of the US.
- CO2 EOR has the potential to recover billions of barrels of oil nationally left behind by traditional oil recovery methods and can recover up to 20% of original oil in place.
- Denbury owns extensive CO2 reserves and pipelines in the Gulf Coast that support current and potential CO2 EOR projects across multiple oil fields, with over 150 million barrels already produced from CO2 EOR.
Teck Resources held a mining conference on November 30, 2021 to discuss their strategy and outlook. Teck is poised for growth by leveraging their high-quality, low carbon assets and industry-leading copper growth. They plan to double copper production by 2023 through the development of the QB2 project. Teck also discussed their focus on sustainability and protecting health and safety.
Teck Resources Limited President and Chief Executive Officer, Don Lindsay and members of Teck’s senior management team will be presenting on Monday, November 1, 2021 from 1:00 p.m. to 2:00 p.m. Eastern / 10:00 a.m. to 11:00 a.m. Pacific time at Teck’s virtual QB2 Site Visit.
The investor presentation issued by Magnum Hunter in September 2013. We believe this slide deck, or one very similar to this one, was used at the IPAA Oil & Gas Investment Symposium in San Francisco where MH CEO Gary Evans spoke. Slides #13-#27 are of interest to Marcellus Drilling News readers as they deal with MH's Marcellus and Utica Shale drilling operations and future plans. Some great charts, maps and pictures of operations in the Marcellus and Utica Shale!
Teranga Gold Corporation plans to acquire Gryphon Minerals, creating a multi-jurisdictional West African gold producer. The all-share transaction is valued at $63 million and represents a 45% premium to Gryphon's share price. The combined company will have reserves of 3.7 million ounces of gold located in Senegal and Burkina Faso. Gryphon's Banfora project in Burkina Faso is shovel-ready and could increase Teranga's annual production to 275,000-325,000 ounces once construction is completed in mid-2019. The transaction is expected to be accretive to Teranga's net asset value and reserves.
Equinox Gold is a Canadian mining company with a multi-million-ounce gold reserve base and growth potential from three wholly-owned gold mines. The Company is producing gold from its Mesquite Gold Mine in California and its Aurizona Gold Mine in Brazil, and is constructing its Castle Mountain Gold Mine in California with the target of pouring gold in Q3-2020.
BMO Capital Markets 27th Annual Global Metals & Mining ConferenceTeckResourcesLtd
Teck Senior Vice President Finance and Chief Financial Officer, Ron Millos will be presenting at the BMO Capital Markets 27th Annual Global Metals & Mining Conference on Monday, February 26, 2018 at 2:00 p.m. Eastern/11:00 a.m. Pacific time. The investor presentation will include information on company strategy, financial performance, and outlook for the company’s business units.
Teck will hold an investor conference call to discuss the second quarter 2018 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Thursday, July 26, 2018.
This document provides an overview of Silver One Resource Inc., including its flagship Candelaria Mine Project in Nevada. Key points include:
- Silver One has acquired three highly prospective silver-focused projects, including the past-producing Candelaria Mine with a large unexploited historic silver resource.
- The Candelaria Mine had historic production of 68 million ounces of silver and has the potential for heap leach recovery, high-grade opportunities, and resource expansion along strike.
- Silver One is also exploring the Cherokee Project in Nevada and Phoenix Silver Project in Arizona for high-grade silver-gold-copper mineralization along extensive vein systems.
- Upcoming exploration plans include drilling programs
Blue Moon Zinc Investor Presentation October 2017MomentumPR
This document provides an overview and summary of the Blue Moon zinc project in California. It includes:
1) Details of the project's NI 43-101 resource estimate which indicates 3.7 million tonnes at 8.33% zinc equivalent for inferred resources and 4.09 million tonnes at 7.84% zinc equivalent for inferred resources.
2) Notes the management team's experience with permitting similar projects in California.
3) Outlines near term catalysts like a PEA and drilling planned for 2018 to increase resources and advance the project.
4) Discusses the project's exploration upside through expanding known zones and testing targets along strike.
This presentation provides an overview of Pan American Silver Corp., including information on non-GAAP measures used, reporting currency, the acquisition of Tahoe Resources Inc., and forward-looking statements. It discusses the acquisition of Tahoe Resources and the integration of its gold mines into Pan American's operations. It also notes that forward-looking statements are subject to assumptions and risks, including fluctuations in metal prices, currency exchange rates, and operational risks in mining.
The company will hold an investor conference call to discuss the QB2 project and the transaction at 8:00 a.m. Eastern time / 5:00 a.m. Pacific time on Tuesday, December 4, 2018.
Teck Resources provided an overview of their investor meetings scheduled for November 2, 2021. The document contained forward-looking statements and cautioned that actual results could differ materially from what is currently expected. It summarized Teck's strategy of focusing on copper growth, high-quality steelmaking coal, and positioning the company for a low-carbon future. Teck aims to double copper production by 2023 through the development of the QB2 project. It also noted strong long-term demand for steelmaking coal and copper driven by decarbonization trends, though acknowledged supply challenges and uncertainties.
August 2016 corporate_presentation_final Eclipse resourcesSteve Wittrig
Eclipse Resources is an oil and gas company focused on developing its 115,000 net acres in the core of the Utica Shale and 13,000 net acres in the Marcellus Shale. The presentation highlights Eclipse's strong operational performance, including increasing lateral lengths by 200% while decreasing drilling costs by 50% per foot. Eclipse plans to resume drilling activities in mid-2016 and grow production over 30% year-over-year in 2017 through completing DUCs and operating a one-rig program. The company also discusses its super-lateral drilling program aimed to significantly improve well returns through extending lateral lengths.
The document provides cautionary statements regarding forward-looking statements made in accompanying presentations. It notes that forward-looking statements involve known and unknown risks and uncertainties that could cause actual results to differ materially. It lists numerous assumptions involved in projections regarding production, costs, commodity prices, development projects, technology initiatives, reserves and resources, and other operational and financial metrics. The document emphasizes that no assurance can be given that these expectations will prove to be correct.
Teck Resources held investor meetings on October 21, 2019 to discuss their capital allocation framework and provide updates. They emphasized their solid foundation as a quality operator with sustainable assets, their strong financial position, and future value catalysts like the QB2 copper growth project. Teck also highlighted their sustainability leadership and transformation through innovation using their RACE21 program.
Fraser Phillips, SVP Investor Relations and Strategic Analysis, will be presenting at the Jefferies Copper & Base Metals Summit on Wednesday, September 25, 2019 at 8:00 a.m. Eastern/ 5:00am a.m. Pacific time. The presentation will include information on company strategy, financial performance, and outlook for the company’s business units.
- The company has a high-quality asset base in the Permian Basin with over 115 million barrels of oil equivalent in proved reserves and over 1 billion barrels of oil equivalent in estimated resource potential from over 1,000 identified drilling locations.
- Production has grown significantly in recent years through horizontal drilling in the Wolfcamp shale, with a 19% increase in 2013 and a target of 40% growth in 2014.
- Oil reserves and production have increased substantially, with oil reserves up over 10 times since 2009 and oil production up nearly 50% in 2013 alone, driven by successful horizontal Wolfcamp development.
Don Lindsay, President and CEO of Teck Resources, provided remarks at an investor luncheon in Vancouver on May 9, 2019. The presentation contained forward-looking statements regarding Teck's projects and operations, subject to various assumptions and risks. It discussed Teck's strong financial position and opportunities for growth through its flagship QB2 copper project in Chile and potential expansion of existing operations. The presentation also outlined Teck's commitment to sustainability and returning cash to shareholders.
This corporate presentation from New Zealand Energy Corp outlines their plans to increase oil production and cash flow from their assets in the Taranaki Basin of New Zealand. Key points include:
- Reactivating existing wells to produce from the proven Tikorangi formation, with an expected 780 bbl/d of net production to NZEC by the end of 2014.
- Conducting uphole completions and drilling new wells in the Mt. Messenger formation, with an expected 575 bbl/d of net production to NZEC by the end of 2014.
- Drilling two new wells in the Tikorangi formation, expected to add 570 bbl/d of net production
NZEC is an oil and natural gas company engaged in the production, development and exploration of petroleum and natural gas assets in New Zealand. NZEC’s property portfolio collectively covers approximately 1.91 million acres of conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand’s North Island. The Company’s management team has extensive experience exploring and developing oil and natural gas fields in New Zealand and Canada, and takes a multi-disciplinary approach to value creation with a track record of successful discoveries. NZEC plans to add shareholder value by executing a technically disciplined exploration and development program focused on the onshore and offshore oil and natural gas resources in the politically and fiscally stable country of New Zealand.
This corporate presentation from New Zealand Energy Corp outlines their plans to increase oil production and cash flow from their assets in the Taranaki Basin of New Zealand. Key points:
- NZEC has acquired new permits that increase their reserves by 150% and provide a full-cycle production facility.
- Their near-term work program focuses on reactivating existing wells to produce from the Tikorangi and Mt. Messenger formations, as well as drilling new wells, with the goal of increasing production to over 1,350 barrels of oil per day by the end of 2014.
- This work program has the potential to provide immediate value through establishing production from proven reservoirs using existing infrastructure, while also offering
NZEC is an oil and natural gas company engaged in the production, development and exploration of petroleum and natural gas assets in New Zealand. NZEC’s property portfolio collectively covers approximately 1.91 million acres of conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand’s North Island. The Company’s management team has extensive experience exploring and developing oil and natural gas fields in New Zealand and Canada, and takes a multi-disciplinary approach to value creation with a track record of successful discoveries. NZEC plans to add shareholder value by executing a technically disciplined exploration and development program focused on the onshore and offshore oil and natural gas resources in the politically and fiscally stable country of New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF. More information is available at www.newzealandenergy.com or by emailing info@newzealandenergy.com.
The document provides an overview of New Zealand Energy Corp's assets and planned work program. Key points include:
- NZEC has 1.93 million acres of permits in New Zealand's Taranaki Basin with conventional and unconventional oil and gas opportunities.
- The planned work program focuses on increasing near-term production from existing wells in the Tikorangi and Mt. Messenger formations through recompletions and optimizations.
- Additional opportunities include drilling new wells in the Tikorangi formation to access undeveloped reserves and exploring deeper Kapuni Group targets with multi-TCF potential.
This document provides an overview of Guyana Goldfields Inc., a gold mining company with operations in Guyana. Some key points:
- Guyana Goldfields operates the high-grade Aurora gold mine in Guyana, which has over 16 years of reserve life and exploration potential across its 200,000-acre land package.
- In 2018, production guidance was revised down to 150,000-155,000 ounces due to lower than expected head grades, and the company has engaged an independent firm to review the resource model.
- The company has a strong balance sheet with $93 million in cash and $45 million in debt as of September 2018.
- Management changes and a mill expansion are expected
Approach Resources Inc. reported third quarter 2013 results. Key highlights included accelerating their completion pace and drilling efficiencies, driving down well costs below $5.5 million per well on average, and delivering strong initial production rates from Wolfcamp B and C wells across their acreage, with some wells producing over 1,000 barrels of oil equivalent per day. Approach is on track to increase production 40% in 2014 by drilling 75% more horizontal Wolfcamp wells with their 3-rig program.
Bank of America Merrill Lynch Global Metals, Mining & Steel ConferenceTeckResourcesLtd
Teck President and Chief Executive Officer, Don Lindsay will be presenting at the Bank of America Merrill Lynch Global Metals, Mining & Steel conference on Tuesday, May 14, 2019 at 5:30 a.m. Eastern/2:30 a.m. Pacific time. The investor presentation will include information on company strategy, financial performance, and outlook for the company’s business units.
This corporate presentation from New Zealand Energy Corp outlines their plans to increase production and cash flow from their assets in New Zealand. It summarizes that NZEC has acquired additional permits increasing their reserves by 150% and now owns a full-cycle production facility. It details NZEC's planned work program to reactivate existing wells in the Tikorangi formation and undertake uphole completions and drill new wells in the Mt Messenger formation between late 2013 and 2014. Forecasts indicate this could increase NZEC's production and cash flow significantly by the end of 2014. The presentation also provides an overview of NZEC's other permit areas and conventional and unconventional resource potential across their lands.
SilverWillow Peters & Co. Limited 2013 Energy Conference Company Spotlight
SilverWillow Energy Corporation is a pre-production oil sands company focused on exploration and development opportunities in Alberta, Canada. It holds a 100% working interest in several oil sands leases, including its key Audet property. An independent assessment estimates the Audet property contains 1.85 billion barrels of discovered bitumen resources initially in place. SilverWillow plans to submit a regulatory application in late 2013 for a proposed 12,000 barrel per day commercial SAGD project at Audet designed to recover 120 million barrels over its lifetime. SilverWillow is also exploring additional potential from its Birch Mountains lands adjacent to the Frontier oil sands mine through seismic data acquisition and geological studies. The company has
The document provides cautionary statements regarding forward-looking statements made in accompanying presentations. It notes that forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially. It outlines numerous economic and operating assumptions made in presenting forward-looking information and notes that actual results could vary materially from those presented.
AREX 2016 Wells Fargo West Coast Energy PresentationApproachResources
The document discusses AREX's operations in the Permian Basin, including its 167 million barrels of oil equivalent proved reserves, low cost structure, extensive drilling inventory, and significant resource potential from the Wolfcamp shale play. AREX has implemented enhanced completion designs that outperform type curves and reduced its lease operating expenses through the use of a centralized water recycling facility that lowers drilling and completion costs by reusing flowback and produced water.
Deutsche Bank Global Industrials & Materials SummitTeckResourcesLtd
Teck Resources Limited will be participating at the Deutsche Bank Global Industrials & Materials Summit on Thursday, June 6, 2019. The investor presentation includes information on company strategy, financial performance, and outlook for the company’s business units.
2019 RBC Capital Markets Global Mining & Materials ConferenceTeckResourcesLtd
Teck Resources Limited will be participating at the RBC Capital Markets Global Mining & Materials conference on Friday, June 7, 2019. The investor presentation includes information on company strategy, financial performance, and outlook for the company’s business units.
Similar to Rex Energy Presentation on 2013 Drilling Plans (20)
The document summarizes five key facts about the recovery of US shale oil production:
1) Rig counts have increased by 90% since bottoming out in May 2016 and are up 30% year-over-year, signaling increased drilling and production capacity.
2) While decline rates remain steep, production profiles have increased substantially due to technological advances, meaning aggregate supply will be stronger.
3) Preliminary data shows that net new shale supply turned positive in December 2016 for the first time since March 2015, recovering just 7 months after rig counts increased.
4) Increased drilling activity is supported by a large stock of drilled but uncompleted wells, demonstrating the recovery and expansion of the shale sector.
5)
Quarterly legislative action update: Marcellus and Utica shale region (4Q16)Marcellus Drilling News
A quarterly update from the legal beagles at global law firm Norton Rose Fulbright. A quarterly legislative action update for the second quarter of 2016 looking at previously laws acted upon, and new laws introduced, affecting the oil and gas industry in Pennsylvania, Ohio and West Virginia.
An update from Spectra Energy on their proposed $3 billion project to connect four existing pipeline systems to flow more Marcellus/Utica gas to New England. In short, Spectra has put the project on pause until mid-2017 while it attempts to get new customers signed.
A letter from Rover Pipeline to the Federal Energy Regulatory Commission requesting the agency issue the final certificate that will allow Rover to begin tree-clearing and construction of the 511-mile pipeline through Pennsylvania, West Virginia, Ohio and Michigan. If the certificate is delayed beyond the end of 2016, it will delay the project an extra year due to tree-clearing restrictions (to accommodate federally-protected bats).
DOE Order Granting Elba Island LNG Right to Export to Non-FTA CountriesMarcellus Drilling News
An order issued by the U.S. Dept. of Energy that allows the Elba Island LNG export facility to export LNG to countries with no free trade agreement with the U.S. Countries like Japan and India have no FTA with our country (i.e. friendly countries)--so this is good news indeed. Although the facility would have operated by sending LNG to FTA countries, this order opens the market much wider.
A study released in December 2016 by the London School of Economics, titled "On the Comparative Advantage of U.S. Manufacturing: Evidence from the Shale Gas Revolution." While America has enough shale gas to export plenty of it, exporting it is not as economic as exporting oil due to the elaborate processes to liquefy and regassify natural gas--therefore a lot of the gas stays right here at home, making the U.S. one of (if not the) cheapest places on the planet to establish manufacturing plants, especially for manufacturers that use natural gas and NGLs (natural gas liquids). Therefore, manufacturing, especially in the petrochemical sector, is ramping back up in the U.S. For every two jobs created by fracking, another one job is created in the manufacturing sector.
Letter From 24 States Asking Trump & Congress to Withdraw the Unlawful Clean ...Marcellus Drilling News
A letter from the attorneys general from 24 of the states opposed to the Obama Clean Power Plan to President-Elect Trump, RINO Senate Majority Leader Mitch McConnel and RINO House Speaker Paul Ryan. The letter asks Trump to dump the CPP on Day One when he takes office, and asks Congress to adopt legislation to prevent the EPA from such an egregious overreach ever again.
Report: New U.S. Power Costs: by County, with Environmental ExternalitiesMarcellus Drilling News
Natural gas and wind are the lowest-cost technology options for new electricity generation across much of the U.S. when cost, public health impacts and environmental effects are considered. So says this new research paper released by The University of Texas at Austin. Researchers assessed multiple generation technologies including coal, natural gas, solar, wind and nuclear. Their findings are depicted in a series of maps illustrating the cost of each generation technology on a county-by-county basis throughout the U.S.
Annual report issued by the U.S. Energy Information Administration showing oil and natural gas proved reserves, in this case for 2015. These reports are issued almost a year after the period for which they report. This report shows proved reserves for natural gas dropped by 64.5 trillion cubic feet (Tcf), or 16.6%. U.S. crude oil and lease condensate proved reserves also decreased--from 39.9 billion barrels to 35.2 billion barrels (down 11.8%) in 2015. Proved reserves are calculated on a number of factors, including price.
The document is a report from the U.S. Energy Information Administration analyzing oil and gas production from seven regions in the U.S. It includes charts and tables showing historical and projected production levels of oil and gas from each region from 2008 to 2017, as well as metrics like the average production per rig. The regions - Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara, Permian, and Utica - accounted for 92% of domestic oil production growth and all domestic natural gas production growth from 2011-2014.
Velocys is the manufacturer of gas-to-liquids (GTL) plants that convert natural gas (a hyrdocarbon) into other hydrocarbons, like diesel fuel, gasoline, and even waxes. This PowerPoint presentation lays out the Velocys plan to get the company growing. GTL plants have not (so far) taken off in the U.S. Velocys hopes to change that. They specialize in small GTL plants.
PA DEP Revised Permit for Natural Gas Compression Stations, Processing Plants...Marcellus Drilling News
In January 2016, Gov. Wolf announced the DEP would revise its current general permit (GP-5) to update the permitting requirements for sources at natural gas compression, processing, and transmission facilities. This is the revised GP-5.
PA DEP Permit for Unconventional NatGas Well Site Operations and Remote Piggi...Marcellus Drilling News
In January 2016, PA Gov. Wolf announced the Dept. of Environmental Protection would develop a general permit for sources at new or modified unconventional well sites and remote pigging stations (GP-5A). This is the proposed permit.
Onerous new regulations for the Pennsylvania Marcellus Shale industry proposed by the state Dept. of Environmental Protection. The new regs will, according to the DEP, help PA reduce so-called fugitive methane emissions and some types of air pollution (VOCs). This is liberal Gov. Tom Wolf's way of addressing mythical man-made global warming.
The monthly Short-Term Energy Outlook (STEO) from the U.S. Energy Information Administration for December 2016. This issue makes a couple of key points re natural gas: (1) EIA predicts that natural gas production in the U.S. for 2016 will see a healthy decline over 2015 levels--1.3 billion cubic feet per day (Bcf/d) less in 2016. That's the first annual production decline since 2005! (2) The EIA predicts the average price for natural gas at the benchmark Henry Hub will climb from $2.49/Mcf (thousand cubic feet) in 2016 to a whopping $3.27/Mcf in 2017. Why the jump? Growing domestic natural gas consumption, along with higher pipeline exports to Mexico and liquefied natural gas exports.
This document provides an overview of the natural gas market in the Northeast United States, including New England, New York, New Jersey, and Pennsylvania. It details statistics on gas customers, consumption, infrastructure like pipelines and storage, and production. A key point is that the development of the Marcellus Shale in Pennsylvania has significantly increased domestic gas production in the region and reduced its reliance on other supply basins and imports.
The Pennsylvania Public Utility Commission responded to each point raised in a draft copy of the PA Auditor General's audit of how Act 13 impact fee money, raised from Marcellus Shale drillers, gets spent by local municipalities. The PUC says it's not their job to monitor how the money gets spent, only in how much is raised and distributed.
Pennsylvania Public Utility Commission Act 13/Impact Fees Audit by PA Auditor...Marcellus Drilling News
A biased look at how 60% of impact fees raised from PA's shale drilling are spent, by the anti-drilling PA Auditor General. He chose to ignore an audit of 40% of the impact fees, which go to Harrisburg and disappear into the black hole of Harrisburg spending. The Auditor General claims, without basis in fact, that up to 24% of the funds are spent on items not allowed under the Act 13 law.
The final report from the Pennsylvania Dept. of Environmental Protection that finds, after several years of testing, no elevated levels of radiation from acid mine drainage coming from the Clyde Mine, flowing into Ten Mile Creek. Radical anti-drillers tried to smear the Marcellus industry with false claims of illegal wastewater dumping into the mine, with further claims of elevated radiation levels in the creek. After years of testing, the DEP found those allegations to be false.
FERC Order Denying Stay of Kinder Morgan's Broad Run Expansion ProjectMarcellus Drilling News
The Federal Energy Regulatory Commission denied a request to stay the authorization of Tennessee Gas Pipeline Company's Broad Run Expansion Project. The Commission found that the intervenors requesting the stay did not demonstrate they would suffer irreparable harm if the project proceeded. Specifically, the Commission determined that the environmental impacts to forest and a nearby animal rehabilitation center would be insignificant. Additionally, conditioning authorization on future permits did not improperly encroach on state authority. Therefore, justice did not require granting a stay.
07072024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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Storm surge expected along the coastline of South Africa:SABC News
An intense cold front/mid-latitude cyclone is forecasted to bring a significant drop in atmospheric
pressure and strong winds, leading to high waves and storm surge along the west and south-east coastline
of South Africa
Muslim can never become a majority in IndiaAjay Prakash
Many say that India will become a Muslim majority country in 50 years if Muslim population growth is not controlled. Nothing can be farther than truth. I present data to show that this statement is just rubbish.
The Mystery of David Muir’s Marital Status_ A Deep Dive into the Elusive Love...Phil Heath
David Muir, the renowned World News Tonight anchor and esteemed journalist, has captivated audiences with his compelling reporting and charismatic presence. But amidst his soaring career and public life, one question remains shrouded in mystery: is David Muir married? As we delve into the intricacies of his private life, a complex tapestry of rumors, speculations, and subtle hints emerges, leaving the public curious and intrigued.
टीआईएसएस से 100 से अधिक शैक्षणिक और गैर-शैक्षणिक कर्मचारियों की बर्खास्तगी के बाद, पूर्व छात्रों ने एक खुला पत्र लिखकर संस्थान की कार्रवाई, विशेष रूप से महिला अध्ययन केंद्र की फैकल्टी के साथ अन्यायपूर्ण व्यवहार की निंदा की है।
INGRADINATS OF A SUCCESSFUL POLICY - Copy (1).docxJIT KUMAR GUPTA
Policies and planning form integral part of governance of any nation, state and community. Every state, region and city must have an overarching policy dedicated to promoting universal good, prosperity, equity and quality of life of both existing and future population going to live in the given geographical area. Policies are the outcome of the vision and approach adopted/stated/declared by the group governing any geographical entity. In the political system, it is invariably the ruling party , which remains, primarily and essentially, involved in formulation and implementation of policies. In a democratic system of governance, policy formulation falls in the domain of party elected/voted to power through the process of election. In the other systems , it is the entity/people who exercise power and authority, by virtue of the system put in place for governing the state/nation. In majority of cases, basic agenda , aim and objective of any policy framed by the governance structure, is to ensure that ruling entity remains perpetually in power. Against this objective, all policies put in place focus on empowering people in power and intend to make ordinary citizens happy and supportive of the policies put in place.Majority of nations and communities are suffering from the malaise of irrational policies formulation at the state and the local level, which are embedded with distortions.Many communities , nations and states also suffer from policy paralysis.Policy formulation must define, intent, contents, scope, specify goals and objectives to be achieved; communities to be addressed; process of implementation, time-frame for implementation and expected outcome; for evaluation etc. Wrong policies are known to damage the basic fabric of the society whereas policies addressing universal good framed in a transparent manner are known to elevate the nations and communities.
Restoring Sussex's Kelp Forests A Tale of Recovery and Hope.pptxbetterworlds2012
The Sussex Inshore Fisheries and Conservation Authority is one of ten IFCAs around the coast of England which manage sea fisheries resources and the marine environment from mean high water out to six nautical miles. We have powers under the Marine and Coastal Access Act 2009 to write and enforce our own byelaws in our own districts to manage the exploitation of sea fisheries resources, including within Marine Conservation Zones. We came into force in April 2011, replacing our predecessors the Sea Fisheries Committees.
28 जून को मुंबई के माहिम स्थित सेंट माइकल चर्च में 1 जुलाई से लागू हुए तीन आपराधिक कानूनों पर चर्चा का आयोजन किया गया। तीन नए आपराधिक कानून ‘भारतीय नागरिक सुरक्षा संहिता (बीएनएसएस) अधिनियम 2023’, ‘भारतीय न्याय संहिता (बीएनएस) अधिनियम 2023’ और ‘भारतीय साक्ष्य अधिनियम (बीएसए) अधिनियम 2023’ ने भारतीय दंड संहिता, 1860, दंड प्रक्रिया संहिता और भारतीय साक्ष्य अधिनियम की जगह ली है।
06072024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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Debates In Constituent Assembly: Seven Key Debates in India Constituent AssemblyGurjant Singh
The Constituent Assembly of India, formed in 1946, was responsible for drafting the Indian Constitution, and its debates were crucial in shaping the nation's democratic framework. Key debates in the Assembly covered a wide range of issues, including the structure of government, fundamental rights, and the balance of power between the central and state governments. Prominent discussions included the adoption of universal adult suffrage, the nature of the federal system, and the protection of minority rights. The Assembly also debated the incorporation of socio-economic rights, the language policy, and the role of the judiciary. These debates, led by visionary leaders like Dr. B.R. Ambedkar, Jawaharlal Nehru, and Sardar Patel, were instrumental in forging a Constitution that aimed to uphold justice, liberty, equality, and fraternity for all citizens.
Article in The Times of Israel by Andy Blumenthal:
This past Independence Day, a disgraceful, vile shadow fell over our celebrations. We witnessed so-called "protests" erupt again in violence, filled with smoke bombs, flag burning, and calls for intifada, "death to America," and violent jihad "by any means necessary." These weren't demonstrations for change; they were hateful displays demanding the overthrow of our nation and its core values.
We are a nation built on inclusion and respect for diverse opinions. But tolerance has its limits. When our communities, campuses, and cities are overrun by those who seek to tear down everything we've built, we must act.
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Rex Energy Presentation on 2013 Drilling Plans
1. Rex Energy
Corporate Presentation
February 2013
Responsible Development of America’s Energy Resources
Rex Energy Corporation | 476 Rolling Ridge Drive | State College, PA 16801
P: (814) 278-7267 | F: (814) 278-7286
E: InvestorRelations@RexEnergyCorp.com
www.rexenergy.com
2. Forward Looking Statements
Except for historical information, statements made in this presentation, including those relating to significant potential opportunities, future earnings, resource
potential, cash flow, capital expenditures, production growth, planned number of wells (as well as the timing of rig operations, natural gas processing plant
commissioning and operations, fracture stimulation activities and the completion of wells and the expected dates that wells are producing hydrocarbons that are
sold) and potential ethane sales pipeline projects are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are indicated by words such as “expected”, “expects”,
“assumes”, “anticipates” and similar words. These statements are based on assumptions and estimates that management believes are reasonable based on
currently available information; however, management's assumptions and the company's future performance are subject to a wide range of business risks and
uncertainties, and there is no assurance that these goals and projections can or will be met. Any number of factors could cause actual results to differ materially
from those in the forward-looking statements, including (without limitation) the following:
• adverse economic conditions in the United States and globally; the difficult and adverse conditions in the domestic and global capital and credit markets;
domestic and global demand for oil and natural gas; sustained or further declines in the prices the company receives for oil and natural gas; the effects of
government regulation, permitting and other legal requirements; the geologic quality of the company’s properties with regard to, among other things, the
existence of hydrocarbons in economic quantities; uncertainties about the estimates of the company’s oil and natural gas reserves; the company’s ability to
increase production and oil and natural gas income through exploration and development; the company’s ability to successfully apply horizontal drilling
techniques and tertiary recovery methods; the number of well locations to be drilled, the cost to drill and the time frame within which they will be drilled; the
effects of adverse weather on operations; drilling and operating risks; the ability of contractors to timely and adequately perform their drilling, construction, well
stimulation, completion and production services; the availability of equipment, such as drilling rigs and transportation pipelines; changes in the company’s
drilling plans and related budgets; the adequacy of capital resources and liquidity including (without limitation) access to additional borrowing capacity;
uncertainties relating to the potential divestiture of the Niobrara assets, including the ability to reach an agreement with a potential purchaser on terms
acceptable to the company; and uncertainties associated with our legal proceedings and the outcome.
The company undertakes no obligation to publicly update or revise any forward-looking statements. Further information on the company’s risks and uncertainties
is available in the company's filings with the Securities and Exchange Commission.
The company's internal estimates of reserves may be subject to revision and may be different from estimates by the company's external reservoir engineers at
year end. Although the company believes the expectations and forecasts reflected in these and other forward-looking statements are reasonable, it can give no
assurance they will prove to have been correct. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties.
2
3. Estimates Used in This Presentation
Hydrocarbon Volumes
The SEC permits publicly-reporting oil and gas companies to disclose “proved reserves” in their filings with the SEC. “Proved reserves” are estimates that geological and
engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. SEC rules also
permit the disclosure of “probable” and possible” reserves. Rex Energy discloses proved reserves but does not disclose probable or possible reserves. We may use certain
broader terms such as “resource potential,” “EUR” (estimated ultimate recovery of resources, defined below) and other descriptions of volumes of potentially recoverable
hydrocarbon resources throughout this presentation. These broader classifications do not constitute “reserves” as defined by the SEC and we do not attempt to distinguish these
classifications from probable or possible reserves as defined by SEC guidelines.
The company defines EUR as the cumulative oil and gas production expected to be economically recovered from a reservoir or individual well from initial production until the end of
its useful life. Our estimates of EURs and resource potential have been prepared internally by our engineers and management without review by independent engineers. These
estimates are by their nature more speculative than estimates of proved, probable and possible reserves and accordingly are subject to substantially greater risk of being actually
realized. We include these estimates to demonstrate what we believe to be the potential for future drilling and production by the company. Ultimate recoveries will be dependent
upon numerous factors including actual encountered geological conditions, the impact of future oil and gas pricing, exploration and development costs, and our future drilling
decisions and budgets based upon our future evaluation of risk, returns and the availability of capital and, in many areas, the outcome of negotiation of drilling arrangements with
holders of adjacent or fractional interest leases. Estimates of resource potential and other figures may change significantly as development of our resource plays provide
additional data and therefore actual quantities that may ultimately be recovered will likely differ from these estimates.
Potential Drilling Locations
Our estimates of potential drilling locations are prepared internally by our engineers and management and are based upon a number of assumptions inherent in the estimate
process. Management, with the assistance of engineers and other professionals, as necessary, conducts a topographical analysis of our unproved prospective acreage to identify
potential well pad locations using operationally approved designs and considering several factors, which may include but are not limited to access roads, terrain, well azimuths, and
well pad sizes. For our operations in Pennsylvania, we then calculate the number of horizontal well bores for which the company appears to control sufficient acreage to drill the
lateral wells from each potential well pad location to arrive at an estimated number of net potential drilling locations. For our operations in Ohio, we calculate the number of
horizontal well bores that may be drilled from the potential well pad and multiply this by the company’s net working interest percentage of the proposed unit to arrive at an
estimated number of net potential drilling locations. In both cases, we then divide the unproved prospective acreage by the number of net potential drilling locations to arrive at an
average well spacing. Management uses these estimates to, among other things, evaluate our acreage holdings and to formulate plans for drilling. Any number of factors could
cause the number of wells we actually drill to vary significantly from these estimates, including: the availability of capital, drilling and production costs, commodity prices,
availability of drilling services and equipment, lease expirations, regulatory approvals and other factors.
Potential ASP Units
Our estimates of potential target areas, which we sometimes refer to as “units,” for which we may use an Alkali-Surfactant-Polymer (“ASP”) flood as a method of tertiary recovery
have been prepared internally by our engineers and management. These estimates are based on our evaluation of the sand bodies underlying certain of our properties in the
Illinois Basin. We have identified certain characteristics which we believe are desirable for potential ASP projects, including sand bodies with no less than 60 acres of areal extent
and net reservoir thickness no less than 15 feet. We have subdivided the sand bodies to determine potential ASP target areas, which have been modeled such that no individual
target area or unit would exceed 500 acres. We include these estimates to demonstrate what we believe to be the future potential for ASP tertiary recovery for the company. These
estimates are highly speculative in nature and ultimate recoveries will depend on a number of factors, including the ASP technology utilized, the characteristics of the sand bodies
and the reservoirs, geological conditions encountered, our decisions regarding capital, and the impact of future oil prices.
3
4. Developing Liquids-Rich Asset Base
Focused on developing our liquids-rich acreage in the Appalachian and Illinois Basins
• Appalachian Basin: Targeting wet gas windows in the Pennsylvania Marcellus and Ohio Utica Shales
• Illinois Basin: Conventional infill and enhanced oil recovery activity; 100% oil production
Warren / Mercer Counties
Net Acres 8,500
Warrior Prospects
Net Acres ~20,000
Westmoreland / Clearfield / Centre
Net Acres 17,200
Butler Operated Area
Net Acres 46,000
Illinois Basin
Net Acres 25,400
Operated
Non-operated
4
5. Rex Overview
Maximizing Resource Potential
• Large resource base with ~ 850 potential drilling locations focused in the Appalachian and Illinois Basins with an
estimated 5.0 Tcfe of net resource potential (assuming full ethane recovery)
• 2013 capital expenditures targeting liquids-rich locations in the Marcellus Shale, Utica Shale and Illinois Basin
Operational and Technical Experience Being Applied in Core Areas
• Enhancing recoveries and returns with “Super Frac” well design in Butler Operated Area and Warrior Prospects
• Indentified conventional infill and enhanced oil recovery opportunities in the Illinois Basin
Reducing Operating Costs
• Partnering with established midstream partners (MarkWest, Dominion, BP) in Appalachia to develop midstream
infrastructure and transportation
• Becoming increasingly efficient in drilling and completion techniques across contiguous acreage positions
Strong Balance Sheet
• Entered 2013 with ~$270 million of liquidity
Active Hedging Program
• For 2013, approximately 91% of natural gas hedged with $4.30 floor; 89% of 2013 oil production hedged with $88.27 floor;
60% of propane hedged at $1.01 per gallon ($42.42 / bbls)
5
7. Liquids-Rich Non-Proven Resource Potential1
Warrior
Butler Operated
Butler Operated Prospects:
Assumptions Area: Upper Total
Area: Marcellus Liquids-Rich
Devonian
Utica
3 2
Unproved Prospective Acreage2 ~39,900 ~45,900 ~19,300 ~105,100
Gross / Net Identified Potential Drilling
291 / 204 372 / 260 140 / 91 800 / 555
Locations4
EUR assuming Full Ethane Recovery 9.7 Bcfe 9.3 Bcfe 6.0 Bcfe N/A
% Liquids assuming Full Ethane Recovery 40% 40% 52% ~43%
Non-proven Net Resource Potential assuming
1.7 Tcfe 2.1 Tcfe 0.5 Tcfe 4.3 Tcfe
Full Ethane Recovery5
1. See note on Hydrocarbon Volumes on page 3
2. Based on gross acreage position excluding acreage from proved developed and undeveloped reserves
3. Warrior South Prospect is subject to terms and conditions of farm-in agreement
4. See note on Potential Drilling Locations on page 3
5. Net resource potential after royalties and non-operated interests
We have identified approximately 850 gross potential proved and non-proven drilling locations in our liquids-
rich Appalachian Basin properties
• Additional oil resource potential through our Illinois Basin ASP development and conventional infill / recompletion program
7
8. 2013 Capital Budget
• We are budgeting $230-250 million of operating capex for 2013 2013 Capital Program Breakdown
• $204-224 million drilling and exploration Activity
Budget
($ in millions)
• $183-200 million Appalachia (90%)
Drilling & Completion and Water
• ~$107 million in Butler Operated Area Services
$204-224
• ~$85 million in Ohio Utica Tertiary Recovery Projects 12
• $21-24 million Illinois (10%) Facilities, Equipment & HS&E 14
• We are running 2 rigs in Appalachia and intend to drill 30 Total 2013 Capital Budget $230-250
wells
• 34%-40% production growth
• 55% growth in oil/condensate production
• 70% growth in liquids
2013 Drilling & Exploration Budget By Region
5%
Illinois Conventional
5%
Appalachia Drilling Program1 5%
Fracture Placed in Awaiting Tertiary Recovery
Year Wells Drilled Projects
Stimulated Service Completion
38% Butler
2013E 30 38 39 18
Ohio
47%
WPX Non-Operated
1. Well information in gross
8
9. Consistent Production Growth
56% CAGR; 2012 exit rate production ~ 30% liquids
80.0
MarkWest
Bluestone Plant
70.0 Additional field
compression
Average Daily Production (Mmcfe/d)
60.0
50.0
40.0
1st Sarsen plant starts
in Butler County
30.0
20.0
10.0
0.0
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12
9
10. High Quality Midstream Providers
Mariner West MarkWest Y-Grade MWE – Sarsen &
Pipeline Pipeline Bluestone Processing
Complex: 90-190 MMcf/d
REXX Carroll
County Acreage
Dominion East
REXX Butler
Ohio Pipeline
Operated Acreage
MWE – Cadiz
EPD ATEX Express Processing Complex:
Pipeline 125 MMcf/d
Mariner East
Pipeline
REXX Warrior
South Acreage
MWE – Houston
Processing &
Fractionation Complex
MWE – Seneca
Processing Complex: Dominion –
200 MMcf/d Natrium Plant:
200 MMcf/d;
36,000 b/d
fraction capacity
Dominion –
Hastings Plant: 180 Currently in Service
MMcf/d
Under Construction
Source: Publicly available press releases or presentations
• Over 1 Bcf/d of planned processing capacity currently under construction in the region 10
11. 2013 Hedging Summary1
61% of Total NGL Volumes Hedged
100% $88.27 X $4.30 X
$96.432 $4.513
90%
$78.75 X $4.51 X
80% $5.34 $2.10
$103.25
70%
~ 41% of all NGL components
60% hedged at $56.01/Bbl
50% $1.01
$93.02
40%
$3.93 $1.70 $1.58
30%
20%
10%
89% 91% 89%4 41%4 41%4 60%4
0%
Oil (/bbl) Gas (/mcf) C5+ (/gal) Isobutane Butane Propane (/gal)
Swaps Collars
1. Percentage hedged based on mid-point of 4Q guidance with standard decline; hedging position as of 1/3/2013
2. Includes 60,000 bbls with short put options at $65.00
3. Includes 2.5 Bcf with short put options at $3.35 and 2.6 Bcf with $5.00 floors
4. Assumes an NGL basket consisting of 20% C5+, 7% Isobutane, 7% Butane and 57% Propane
11
12. Butler Operated Area
• 69,300 gross / 46,000 net acres in Butler, Beaver and
Lawrence counties Butler Operated Area
• ~45 wells producing from the wet gas window of the
Marcellus Shale
• Increasing EURs1 through improved “Super-frac2” well
completions
• Exposure to “Super-rich3” gas window in
Northwestern acreage
• 1300 BTU vs. 1250 BTU - 2.44 gpm C3+ vs. 1.55
gpm C3+
• Stacked play with access to additional producing
horizons
• Upper Devonian (Burkett / Rhinestreet): Results to
date show increased liquids content compared to
Marcellus
• Utica Shale: Encouraging test results
Butler Operated Area Drilling Program4 Completed Pads
Pads Awaiting Completion
Fracture Placed in Awaiting
Year Wells Drilled
Stimulated Service Completion
2013E 19 22 21 15
1. See note on Hydrocarbon Volumes on page 3
2. “Super-frac” refers to the company’s reduced cluster spacing completion design
3. “Super-rich” refers to wells that produce wet gas with BTU values of 1,300 or greater
4. Well information in gross 12
13. Super-Rich Wet Gas Upside
$7.00
$6.49
$0.21
$6.00
$5.23
$5.00 $2.90
$1.85
$4.00
$ / Mcf
$3.00
$2.00
$3.38 $3.38
$1.00
$0.00
1,250 BTU 1,300 BTU
Gas NGLs Condensate
Assumptions:
$3.75 HH, $90.00 WTI, 50% WTI for NGLS.
1,250 BTU: 1.55 GPM
1,300 BTU: 2.44 GPM
7 Bbls of condensate produced per 3,000 Mcf 13
14. Evolution of Butler Marcellus Development
• Improving well designs are resulting in increased EURs1 and returns on capital
Ethane Uplift and
Improving Well Design Transportation
Efficiencies
4.0 Bcfe EUR 5.3 Bcfe EUR 7.0 Bcfe EUR 9.7 Bcfe EUR3
Year-End 2010 Year-End 2011 Current Pro Forma Projected 2014
(12/31/10 Reserve Report) (12/31/11 Reserve Report) (10/31/12 Reserve Report)2
Completion Conventional Frac Conventional Frac Super-frac4 Super-frac4
Gross Average 30 Day
Wellhead IP (Mcf/d)
2,070 2,235 3,142 3,142
First Year Decline 66% 66% 37% 37%
Lateral Length 3,500’ 3,500’ 4,000’ 4,000’
Stages 12 12 27 27
Cost ~ $4.7mm ~ $5.3mm ~ $6.5mm ~ $6.5mm
1. See note on Hydrocarbon Volumes on page 3
2. NSAI reserve report as of 10/31/12
3. Estimated impact to 7.0 Bcfe EUR well after giving effect to 2014 ethane and transportation arrangements
4. “Super-frac” refers to the company’s reduced cluster spacing completion design 14
15. Butler County Marcellus Economics
Butler Area (Operated) Assumptions Butler County Wet Gas Type Curve
• Super-frac completion method yields attractive 7,000
Gas Production Rate (Mcfe/d)
IRRs in current price environment 6,000
• 7 Bcfe EUR1 without Ethane 5,000
4,000
• Enhanced IRRs with full Ethane Recovery,
3,000
expected in 2014 2,000
• 9.7 Bcfe EUR1,2 with Ethane 1,000
• NGL yield improves from 37 barrels per MMcf 0
0 10 20 30 40 50 60
(inlet) to 111 barrels per MMcf (inlet) Production Month
• Extension of MarkWest Y-grade pipeline
Current Ethane Recovery Full Ethane Recovery
expected to be reduce marketing and
transportation costs by $0.15 - $0.25 per
gallon in Q1 2014 Before Tax IRR
60% IRR at Current
50% Strip Prices
40%
30%
20%
10%
0%
$3.00 $3.50 $4.00 $4.50 $5.00
1. See note on “Hydrocarbon Volumes” on page 3 3
2. Estimated impact of 7.0 Bcfe EUR well after effect of 2014 ethane and transportation agreements IRR - Current Ethane Recovery
3. Assumption used for “Current Ethane Recovery” projections of 1.55 gallons per Mcf 4,5
4. Assumption used for “Full Ethane Recovery” projections of 4.67 gallons per Mcf IRR - Full Ethane Recovery & Transportation Reduction
5. Curve reflects natural gas equivalent pricing for ethane 15
16. Ohio Utica – Warrior North Prospect
• 16,200 gross / 15,900 net acres1 in Carroll County, OH
• First well, Brace #1H, into sales in 3Q 2012 Warrior North Prospect2
• Encountered over 135’ of Point Pleasant and 143’ of CHK Coniglio 6H:
1.1 Mboe/d
Utica pay zone 16
• Oil / condensate / liquids-rich gas zone REXX Brace 1H: 24-hour REXX G. Graham
sales rate: 1.1 Mboe/d Currently Drilling
• 1.1 Mboe/d 24-hour sales rate; sales rate attractive
relative to peers’ peak rates2 CHK Mangun 22-15-5 8H:
1.5 Mboe/d
• 731 Boe/d 30-day sales rate
EVEP Cairns 5H: 1.7
• 597 Boe/d 60-day sales rate Mboe/d
• 515 Boe/d 90-day sales rate
• ~92 gross drilling locations3 in Warrior North Prospect
• Opportunity to improve position through acreage trades CHK Shaw 20-14-5H:
CHK Neider 10-14-5 3H:
1.4 Mboe/d
1.6 Mboe/d – Peak Rate
CHK Burgett #7-15-6-8H:
Warrior North Drilling Program4 1.2 Mboe/d CHK White 17-13-5 8H:
1.4 Mboe/d
Fracture Placed in Awaiting
Year Wells Drilled
Stimulated Service Completion
2013E 7 5 4 3 CHK Buell 10-11-5 8H: CHK Houyouse 15-13-5
3.0 Mboe/d – Located 10 #8H: 1.7 Mboe/d
miles south in Harrison
County Completed Wells
Potential Pad Location
1. As of 9/30/12, adjusted to include agreements on ~400 acres executed and pending closing in the Warrior North Prospect in Q4 2012
2. Based on information from publicly available press releases or presentations
3. See note on Potential Drilling Locations on page 3
4. Well information in gross 16
17. Carroll County Utica Stats
Brace 1H* Carroll County Type Curve
Lateral Length (ft) 4,100 4,500
30-Day Average Oil Rate (STB/d) 199 STB/d 255 STB/d
30-Day Average Gas Rate (Mcf/d) 1,326 Mcf/d 1,604 Mcf/d
30-Day Average NGL Rate Full C2 Recovery (STB/d) 311 STB/d 336 STB/d
30-Day Average Total Production (BOE/d) 731 BOE/d 858 BOE/d
D&C Well Cost $9.0 MM $8.8 MM
EUR (MBOE) 600 MBOE 1,000 MBOE
* Brace 1H producing through 4.5” liner, partial RCS completion. Future Carroll County wells assume 5.5” casing and full RCS completions.
17
19. Ohio Utica – Warrior South Prospect
• ~6,300 gross / ~4,100 net acres1 in Guernsey, Noble Warrior South Prospect
and Belmont Counties, OH
GPOR – Ryser 1-25H:
• Joint Development Agreement with MFC Drilling and Rate of 2.9 Mboe/d;
73% Liquids
ABARTA Oil & Gas Co.
GPOR – Clay 1-4H:
• Drilled and completed three wells; currently shut-in Rate of 2.2 Mboe/d;
68% Liquids
GPOR – BK Stephens
Well Lateral Length Frac Stages 1-16H: Rate of 3.0
Mboe/d; 66% Liquids GPOR – Wagner 1-
Guernsey #1H 3,437’ 23 28H: Test Rate of 4.7
Mboe/d; 49% Liquids
GPOR – Shugert 1-12H:
Guernsey #2H 3,450’ 23 Test Rate of 7.5 Mboe/d;
43% Liquids
Noble #1H 3,137’ 21 GPOR – Groh 1-12H:
Rate of 1.9 Mboe/d;
• Expect wells to be placed into sales on June 1, 2013 80% Liquids
GPOR – Shugert 1-1H:
• ~48 potential gross drilling locations2 REXX – Completed
Test Rate of 4.9 Mboe/d;
44% Liquids
Three Well Pad
• Actively leasing in the area Guernsey#1H
Proposed MWE
Noble#1H
Liquids Line
Guernsey #2H
Warrior South Drilling Program3
Fracture Placed in Awaiting GPOR – Stutzman 1-14H:
Year Wells Drilled Test Rate of 4.1 Mboe/d;
Stimulated5 Service Completion Antero Miley 5-H 23% Liquids
2013E 4 4 7 0 Completed Pads
Potential Pad Location
1. As of 9/30/12, adjusted to include agreements on ~100 acres executed and pending closing in the Warrior South Prospect in Q4 2012;
subject to terms and conditions of farm-in agreement
2. See note on Potential Drilling Locations on page 3
3. Well information in gross
4. At year-end 2012, wells will still be on 60-day shut-in
19
20. Illinois Basin Overview
• Illinois Basin has produced over 4 billion barrels since Illinois Basin
early 1900s in conventional stacked pays (similar to
Net Acres 25,4001
Permian Basin)
• Represents 8% of Rex Energy’s proved reserves2 and 16%
Lawrence Field
of production
• Lawrence field waterflood provides base level production
of ~1,200 BOPD (net) (~2%-4% decline per year)
• Total basin production ~1,900 BOPD (net) including
incremental conventional production in Q3 2012 –
production expected to increase in 2013 as a result of
conventional infill and recompletion activity in Gibson and
Posey County, IN and Lawrence Field ASP
• 2012 investments increased production >400 gross BOPD
based on 2012 exit rate Gibson and Posey Counties
Gibson and Posey Counties Conventional Drilling Program3
Fracture Placed in Awaiting
Year Wells Drilled
Stimulated Service Completion
2013E 14 16 16 0
1. As of 9/30/12
2. NSAI reserve report as of 10/31/12
3. Well information in gross 20
21. Illinois Basin – Lawrence Field ASP
• 13,100 gross / 13,000 net acres Lawrence Field ASP
• Rex Energy has a successful enhanced oil recovery pilot using ASP
• We have identified numerous potential ASP flood units; the Delta Unit Perkins-Smith Middagh Pilot
58 Acres 15 Acres
is our first commercial scale ASP application
• Currently drilling pattern wells delineating the unit; ASP injection
targeted in 2Q 2013 with initial production response anticipated
in 2014
• Potential to increase Lawrence Field production by 900 gross
BOPD by 2015 and 770 net MBO of proved reserves1
• Rex Energy expects to conduct core-flood testing and stimulation
modeling on the next three potential commercial scale ASP projects in
2013 in preparation for development in 2014
• Total ASP capex expected to be 5-15% of total capex in 2013 and 2014
Delta Unit
• Program expected to be self funding from the Delta Unit in 2015
~200 Acres
Delta Unit Economics:
• Total capex of $30 million ($9 million in 2012, $21 million in
2013 and beyond)
• Attractive economics in current price environment:
• Full-cycle F&D costs estimated to be $30 - $40/Bbl
• Using a 14.5% pore volume recovery estimate, we
expect a 31% IRR at $85/Bbl NYMEX price
1. Management estimate; see note on Hydrocarbon Volumes on page 3 21
22. Appendix
Responsible Development of America’s Energy Resources
23. Fourth Quarter and Full Year 2012 Guidance
Fourth Quarter Full Year Full Year
2012 2012 2013
Average Daily
70.0 – 74.0 MMcfe/d 66.0 – 69.0 MMcfe/d 90.5 – 94.5 Mmcfe/d
Production
Lease Operating
$11.5 – $13.0 million $46.0 – $50.0 million $58.0 – $62.0 million
Expense
Cash G&A $5.3 – $6.3 million $20.0 – $24.0 million $26.0 – $29.0 million
Capital Expenditures N/A $180.0 million $230.0 - $250.0 million
23
24. Butler Operated Area Stacked Pays
Stratigraphic Column 2012 20131
Rhinestreet Shale
• Frac one legacy vertical well to test gas quality and • No planned drilling in 2013 given Marcellus
liquids potential development
Reservoir 4 • Capital allocation of ~$1 million
200’ thick
UPPER DEVONIAN SHALES
(4,500’ to 5,800’ deep)
Burkett Shale
• Drilled 3 locations • Plan to drill 1 location
• Completed first test well (Gilliland #11HB) • Plan to complete 4 locations
• Tests indicate 16% increase in liquids production vs. • Capital allocation of $12 million (5% of total)
Marcellus
• Capital allocation of ~$6 million (3% of total)
Reservoir 3
~ 60’ thick
(4,700’ to 5,500’ deep)
Marcellus Shale
• ~350 identified potential drilling locations in • Drilling efforts focused in this zone given economics
Marcellus and ability to also hold shallow acreage
Reservoir 2
• Drilled 17 wells; completed 19 wells • 18 wells planned to drill; 17 wells planned for
MARCELLUS
150’ thick
(4,900’ to 5,700’ deep) • Continued improvement in drilling/completion completion
techniques • Capital allocation of $87 million (33% of total)
• Capital allocation of ~$70 million (36% of total)
Utica Shale
• Completed first Utica well (Cheesman 1H) that went • Complete Hufnagel #1H in 1H 2013
into sales in Q1 2012 at 9.2 MMcfe/d • Capital allocation of $3 million (1% of total)
UTICA
• Drilled second Utica well (Hufnagel #1H) in July 2012
Reservoir 1 • Capital allocation of ~$4 million (2% of total)
285’ thick
(9,000’ to 11,000’ deep)
1. See notes on pages 2 and 3 24
25. Marcellus “Super Frac” Type-Curve Results
Drushel 3H (150 ft design) “Super Frac”: “Super Frac”: Type-Curve Considerations as
• Job Performed: Apr. 2011; On Prod: +1 Year compared to YE 2011- 5.3 BCFE Type Curve
• Lateral Length: 3,000’ ; 21 Stages
Behm 1H (150 ft design) “Super Frac”: Lateral Spacing: 450 - 600 feet apart
Type curve validates lower initial first year decline
• Job Performed: Jun. 2011; On Prod: +1 Year
rate
• Lateral Length: 3,900’; 26 Stages
Carson 3H (150 ft design) “Super Frac”:
• Job Performed: Mar. 2012; On Prod: ~180 days
• Lateral Length: 3,900’; 26 Stages
Lateral Spacing: 950 feet apart
Carson 1H (225 ft design) “Super Frac”: 225’ stage spacing versus 150’ stage spacing
• Job Performed: Mar. 2012; On Prod: ~180 days
• Lateral Length: 4,500’; 20 Stages
Lateral Spacing: 900 feet apart
Pallack (2) (150 ft design) “Super Frac”:
150’ stage spacing
• Job Performed: Aug. 2012; On Prod: ~90 days Restricted choke production test flowback
• Lateral Length: 3,600’; 24 Stages
Plesniak (2) (150 ft design) “Super Frac”: Lateral Spacing: No interference (North/South)
150’ stage spacing
• Job Performed: Sept. 2012; On Prod: ~60 days
• Lateral Length: 3,600’; 24 Stages Plesniak #3H: Restricted choke production test
flowback
Plesniak #9H: Extended Shut-in period
25
26. Butler Area Utica Shale Resource Potential1
Rex Energy Cheeseman #1H –
5.3 MMcf/d Dry Gas
30-Day Test Rate; 4.1 MMcf/d Dry
Gas 60-day Test Rate; 3.7 MMcf/d
Dry Gas 120-day Test Rate
Butler Operated Area: Utica Shale – Dry Gas
Unproved Prospective
~46,100
Acreage2
Net Potential Well Locations3 108
EUR4 4.5 Bcfe
Royalty Burdens 18%
Hufnagel well Resource Potential1 398.5 Bcfe
1. See notes on “Forward Looking Statements” and “Hydrocarbon Volumes” on pages 2&3
2. Based on net acreage position excluding acreage from proved developed and undeveloped reserves that the company believes to be prospective
for Utica Shale development. Actual future development of this acreage may vary. See notes on “Forward Looking Statements” and “Hydrocarbon
Volumes” on pages 2&3.
3. See note on “Potential Drilling Locations” on page 3; drilling assumptions based on what the company believes can be drilled economically under
the current commodity price environment
4. Current EUR assumption based on internal estimates using a 4.3 MMcf/d 30-day estimated average production rate; see notes on “Forward
Looking Statements” and “Hydrocarbon Volumes” on pages 2&3
26
27. Marcellus Non-Operated Overview
• Sizeable acreage position with 44,800 gross / 17,200
net acres1 in Westmoreland, Clearfield and Centre Marcellus Non-Operated
Counties, PA
• Westmoreland County: ~6 Bcf EUR2; attractive
economics at ≥ $4.00 / MMcfe (20+% IRRs )
• Clearfield-Centre Counties: 12,200 gross acre
block: 6,500 HBP, 5,700 no expiry for next five
Clearfield-Centre
years County Non-
Operated Area
• Executed JV with WPX Energy on this position in 2009
• WPX operates both areas
• September 2012 Avg. Net Daily Production of ~21 Westmoreland
County Non-
MMcf/d from 42 producing wells Operated Area
• 5 wells drilled in 2012
• Plan to complete 7 wells currently awaiting completion
Marcellus Non-Operated Drilling Program3
Fracture Placed in Awaiting
Year Wells Drilled
Stimulated Service Completion
2013E 0 7 7 0
1. Includes non-operated area acreage only
2. See note on Hydrocarbon Volumes on page 3
3. Well information in gross
27
28. Non-Operated Midstream and Infrastructure
Westmoreland County, PA Clearfield – Centre
County
• 17.0 gross MMcf/d capacity through Ecker Station tap Non-Operated Area
into Dominion line
• 35.0 gross MMcf/d capacity through high pressure
delivery system into Peoples line
• 29.0 gross MMcf/d capacity through Salem Beagle
Club station into Equitable gas line
• 81.0 gross MMcf/d total capacity in Westmoreland, PA
Westmoreland County
Non-Operated Area
Clearfield and Centre Counties, PA Columbia
Dominion
• 7.0 gross MMcf/d firm capacity with interruptible Equitrans
REX Leasehold
takeaway into Columbia gas line Areas
28
29. Westmoreland County Marcellus Economics
Westmoreland County Dry Gas Type Curve
Westmoreland County (Non-Operated) 5,000
Gas Production Rate (Mcfe/d)
4,500
Assumptions 4,000
3,500
• Well costs of $5.8 million per well 3,000
• Lateral length of 3,500 ft. 2,500
2,000
• EUR of 6.0 Bcf per well 1,500
• Seven wells in Westmoreland County on the Marco 1,000
500
#1 and National Metals #1 pad producing above 0
the current type curve 0 10 20 30 40 50 60
• 200-day cumulative average rate Production Month
4.2 Bcf Type Curve 6.0 Bcf Type Curve
50% above 4.2 Bcf type curve
• This represents a potential EUR
Before Tax IRR
of ~6.0 Bcf per well
50%
• Reduced cluster spacing (RCS) tests 45%
performed on National Metals wells 40% IRR at Current
35% Strip Prices
• EURs on last 12 wells completed all
30%
exceeding a 6.0 BCFE type curve 25%
20%
15%
10%
5%
0%
$3.00 $3.50 $4.00 $4.50 $5.00
IRR - 4.2 Bcf Well IRR - 6.0 Bcf Well
29
30. Liquids Production Ratios
Current Liquids Sales Ratio Liquids Sales Ratio With Full Ethane Sales
Natural
Iso-Butane Gasoline
Butane 3% 7%
Ethane 5%
Natural 10%
Gasoline
18%
Iso-
Butane
7% Propane
18%
Butane
Propane Ethane
15%
50% 67%
1.64 Gallons per 4.5 Gallons per
Wellhead Mcf Wellhead Mcf
30