PJT Partners Investment Banking Pitch Book
East Texas
Attribute
Total Acreage(1)
Active Wells
Production
Targeted
Formations
Q2 '17 Results
Key Features
45,500 net acres
74% HBP(2)
104 operated wells flowing to sales
Q2 2017: 46 Mmcfe/d
Haynesville
Bossier
• Produced 46 Mmcfe/d, a decrease
of 7 Mmcfe/d, or 13%, from Q1
2017
Highest EUR/1000' in EXCO's
Haynesville Highlander booked at 2.6
Bcf/1000
EXCO participated in the Walker J 1H,
which turned to sales in January and is
performing like EXCO-operated wells
drilled in Highlander. These wells all had
greater than 2500 lbs/ft proppant
concentrations and are much better than
the legacy wells in the area
Participating in 2 stacked wells in the
Highlander area testing BSSR and
HSVL. Wells to turn to sales in October/
November 2017
(1) As of 12/31/16.
(2) Reflects-10k acres that requires continuous development obligation of two wells per year.
EAST TEXAS OVERVIEW
60
50
40
30
20
10
TX
0
Polk
NET PRODUCTION (MMCFE/D)
80
70
43
LA
Angelina
37
30
Jacogdoches
25
22 22
25
San
Augustine
47 45
Shelby
Jasper
40
52
Sabine
64 63
EXCO Acreage
76
69
Sabine
60
53
46
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
13 13 13 13 14 14 14 14 15 15 15 15 16 16 16 16 17 17
9
DRAFTView entire presentation