PJT Partners Investment Banking Pitch Book
Appalachia
Attribute
Total Acreage (1)
Active Wells
Production
Targeted
Formations
Q2 '17 Results
(1) As of 12/31/16.
Key Features
184,100 net acres (127,000 shale)
90% HBP (shale)
126 operated wells
Q2 2017: 29 Mmcfe/d
Marcellus
Upper Devonian
Utica
Produced 29 Mmcfe/d, a
decrease of 1 Mmcfe/d, or 3%
from Q1 2017
Decrease in production primarily due
to sale of conventional assets in
Pennsylvania on July 1, 2016, and
conventional assets in West Virginia
on October 3, 2016
In conjunction with the conventional
asset sales, field employee count in
the region has been reduced by 85%
since Q4 2015
APPALACHIA OVERVIEW
WV
PA
Ohio
West Virginia
NET PRODUCTION (MMCFE/D)
70
64 64 66
60 56
50
40
30
20
10
0
61 62
Pennsylvania
56 55
51
47 47
37
42 43
EXCO Acreage
33
27
30 29
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
11
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