Sign Up Now!
Back to Results
Note: Only one slide is currently available because you are not currently logged in.
Penn Virginia Energy Inc
Howard Weil Inc 39th Annual Energy Conference - Investor Presentation
| H. Baird Whitehead | Page 20 of 11 |
September 26, 2016
View in Results
"Howard Weil Inc 39th Annual Energy Conference - Investor Presentation"
View Full Document
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See
20 2011 Guidance Table Production: Natural gas (Bcf) 37.4 - 39.6 Crude oil (MBbls) 1,100 - 1,300 NGLs (MBbls) 1,000 - 1,100 Equivalent production (Bcfe) 50.0 - 54.0 Equivalent daily production (MMcfe per day) 137.0 - 147.9 Operating expenses: Lease operating ($ per Mcfe)* $ 0.75 - 0.80 Gathering, processing and transportation costs ($ per Mcfe)* $ 0.32 - 0.33 Production and ad valorem taxes (percent of oil and gas revenues)* 6.5% - 7.0% General and administrative* $ 44.5 - 45.5 Equity-based compensation $ 6.0 - 8.0 Exploration $ 45.0 - 50.0 Depreciation, depletion and amortization ($ per Mcfe) $ 2.75 - 3.00 Capital expenditures: Development drilling $ 205.0 - 225.0 Exploratory drilling $ 40.0 - 52.0 Pipeline, gathering, facilities $ 8.0 - 11.0 Seismic $ 17.0 - 21.0 Lease acquisitions, field projects and other $ 30.0 - 36.0 Total oil and gas capital expenditures $ 300.0 - 345.0 Full-Year 2011 Guidance * Prior to the sale of PVG, these line items were combined for guidance purposes and shown as "Cash operating expenses" with the Corporate G&A expenses reflected separately. With the sale of PVG, PVA will operate in only one industry segment. As such, we believe that a more detailed breakdown of these operating expenses, and presentation of consolidated G&A, will provide more useful guidance information to investors.