Rex Energy — Corporate Update (January 2017)
8 slides from Rex Energy's corporate update, Jan 17, 2017
Slide 1: 2017 - 2018 Two-Year Outlook
2017 - 2018 Two-Year Outlook Exhibit 99.3
Slide 2: Cautionary Statements
Cautionary Statements Forward Looking Statements Statements in this presentation that are not historical facts 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. We believe
Slide 3: Recent Accomplishments
Recent Accomplishments Recent Accomplishments Assets Sales Sale of Illinois Basin asset for net proceeds of ~$40.0 million with potential for an incremental $10.0 million through 2020 Sale of Warrior South Area for net proceeds of ~$30.0 million Developments of Assets Placed Fleeger II pad into sale
Slide 4: Management Objectives Through 2018
Management Objectives Through 2018 Two-Year Targets Two-year compounded annual production growth rate of 10.0% - 15.0% One rig development program focused on the Butler Operated and Warrior North areas, drilling 21.0 gross (11.1 net) wells in 2017 and four gross (2.8 net) wells in 2018 Improve credi
Slide 5: 2017 / 2018 Plan Highlights
2017 / 2018 Plan Highlights Full-year & exit rate production growth comparisons do not include any contribution from assets divested in the last year for 2016 & 2017; exit rate production growth based on comparison of December 2017 to December 2016 2017 2018 Full-year production growth(1): 5.0% - 10
Slide 6: 2016 – 2018 Forecast
2017 – 2018 Forecast(1) 2016 2017 2018 Natural Gas (MMcf/d) ~115.0 120.0 – 125.0 125.0 – 130.0 NGLs (MBbls/d) ~5.1 5.8 – 6.2 6.3 – 6.7 Ethane (Mbbls/d) ~5.8 5.9 – 6.2 9.4 – 9.6 Condensate (Mbbls/d) ~0.9 0.7 – 0.8 0.7 – 0.9 Total Production (MMcfe/d)(2) ~186.0 194.0 – 204.0 223.0 – 233.0 Year-over-Ye
Slide 7: Strategic Outlook
Strategic Outlook Strategic Outlook Two-year organic production CAGR of 15.0% - 20.0% from proven undrilled locations in Marcellus and Upper Devonian formations in Pennsylvania and Utica in Ohio Development capital funded through excess cash flow and proceeds from asset divestitures; optimizes growt
Slide 8: Hedge Position
Hedge Position(1) Hedging position as of 1/10/2017; percent hedged based on Management’s forecasted production 8