1. Based on Kosmos internal forecast. 2018 estimated net entitlement production and EBITDAX are pro forma DGE acquisition as of January 1, 2018. Pricing based on July 26, 2018 strip; assumes 2018 and 2021 Brent price deck of $71.39 and $68.23, respectively, and WTI pric e …

Cash generation has improved dramatically, up 46% in 2017 compared to 2016. Overall the 25 companies generated an EBITDAX of US$30.6bn in 2017 (US$21.0bn, 2016) and had an end-2017 net debt position of US$51.3bn (US$56.5bn, 2016), giving a combined net debt/EBITDAX metric of 1.7 (2.7, 2016).

At just 3.6x EV/2018 EBITDAX, shares of Rosehill Resources Inc. (NASDAQ:ROSE) are inexpensive on an absolute basis, and relative to E&P peers, they trade at a nearly 7x EBITDAX discount Standalone E&P Adjusted EBITDAX also includes distributions received from limited partner interests in Antero Midstream common units. Operating income or loss represents net income or loss, Behind interest, taxes, and depreciation and amortization), ana- pipe reserves are expected to be recovered from lysts usually consider EBITDAX a primary pricing metric completion intervals not yet open but still behind for E&P companies. EBITDAX represents EBITDA casing in existing wells. Leverage, using adjusted EBITDAX as the base, is approximately 2.45x, which isn't unreasonable for an E&P. This is using a run-rate figure for adjusted EBITDAX, which came in at $393 million 4. Ebitdax means, for any period, the sum of Consolidated Net Income for such period plus the following expenses or charges to the extent deducted from Consolidated Net Income in such period: interest, income taxes, depreciation, depletion, amortization, exploration expenses and other similar noncash charges, minus all noncash income added to Consolidated Net Income. "Standalone E&P Adjusted EBITDAX" is also used by our management team for various purposes, including as a measure of operating performance of our exploration and … Stand-alone E&P Adjusted EBITDAX is expected to be $1,700-$1,800 million with consolidated Adjusted EBITDAX of $2,050-$2,150 million in 2018 Expect to fully fund 2018 stand-alone E&P drilling and completion capital with Stand-alone E&P Adjusted Operating Cash Flow measures of E&P performance are based primarily on the ability to replace and grow resources at a favorable cost.

Reserves. Growth. Well over 100 oil and gas E&P companies have filed for bankruptcy protection E&P financial covenants typically use EBITDAX in place of EBITDA - the “X”. to obtain necessary governmental approvals for proposed E&P projects and to This presentation refers to certain non-GAAP measures such as “EBITDAX”, Analysts are aware that E&P companies produce a non-renewable resource, and EBITDAX is EBITDA plus exploration expense to eliminate the distortions of Mar 31, 2021 Neptune is a private medium-scale exploration and production (E&P) a conservative capital structure with net debt-to- EBITDAX below 1.5x Dec 18, 2020 production and adjusted EBITDAX with minimal impact to leverage, a privately held independent E&P company backed by Warburg Pincus Mar 25, 2020 "The downgrade reflects Bruin E&P's weak liquidity position and in to be in compliance with its maximum debt/EBITDAX of 4x through 2020.

Edison E&P's reserve base consists primarily of producing assets, resulting in 2018 EBITDAX of US$434 million and operating cash flow of US$302 million. This materially enhances Energean's current

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EBITDAX is a much better reflection of an E&P company’s ability to repay debts or to finance acquisitions than EBITDA. It’s important that investors factor in the nuances of the E&P sector when making financial decisions.

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- futures. - options the most commonly used (or EBITDAX, which excludes some. Non-GAAP Financial Measures. Cash Interest, Adjusted EBITDAX, E&P Cash G&A, Free Cash Flow, Adjusted Net Income (Loss) Attributable to Oasis, Adjusted . Whole Company Financial Modeling for E&P Companies Estimating Terminal Value (Gordon growth vs. terminal EBITDAX multiple); Discounting to derive an Sep 23, 2019 Does the Adjusted EBITDAX figure indicate financial health; after all, a run rate of $100 mm/period seems like substantial cash flow.
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Earnings Before Interest, Depreciation, Amortization and Exploration - EBIDAX: An earnings metric used in the evaluation of oil, gas and mineral firms. The metric is used in a similar manner to Oil and gas companies involved in exploration and production (E&P) can use two different measures to evaluate their financial condition: earnings before interest, taxes, depreciation, depletion, amortization and exploration expenses (EBITDAX) or earnings before interest, taxes, depreciation and amortization (EBITDA). Earnings before interest, taxes, depreciation, amortization and exceptional items (EBITDAE) are a measure of a company's operating performance. How to Calculate EBITDAE - Formula & Example The formula for EBITDAE is: EBITDAE = EBIT + Depreciation + Amortization + Exceptional Items Oil and gas companies involved in exploration and production (E&P) will often use EBITDAX (Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Exploration Expenses) or EBITDA EBITDAX means, for any period, the sum of net income for such period plus the following expenses, charges or income to the extent deducted from or added to net income in such period: interest, income taxes, DD&A, unrealized losses from financial derivatives, non-recurring gains and losses, exploration expenses and other similar non-cash charges, minus all non-cash income, including but not What does EBITDAX stand for?
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E&P companies according to market capitalization for which public information is available. There are hundreds of other non-publicly traded E&P companies and it would be reasonable to assume that, as a group, they are smaller, less capitalized and less able to pass the OCC’s credit metrics than the basket of E&P companies we examined.

• $1.5 billion in federal tax attributes as of Sep 3, 2012 A common metric used to evaluate an E&P company's cash flow is EV/EBITDAX, which yields a multiple by which comparable companies can be Feb 1, 2019 Standalone E&P Adjusted EBITDAX. Please see the appendix for the definition of each of these measures as well as certain additional May 4, 2007 Record cash margin & EBITDAX: largely spoken for - value creating momentum is an after-capex function. – Margin is simply how market Oct 4, 2016 (E&P Only). EBITDAX.

Looking for the definition of EBITDAX? Find out what is the full meaning of EBITDAX on Abbreviations.com! 'Earnings Before Interest, Taxes, Depreciation, Amortization and eXploration expenses' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource.

Cash Interest, Adjusted EBITDAX, E&P Cash G&A, Free Cash Flow, Adjusted Net Income (Loss) Attributable to Oasis, Adjusted . Whole Company Financial Modeling for E&P Companies Estimating Terminal Value (Gordon growth vs. terminal EBITDAX multiple); Discounting to derive an Sep 23, 2019 Does the Adjusted EBITDAX figure indicate financial health; after all, a run rate of $100 mm/period seems like substantial cash flow. Except, as Chart 2: FC US E&P Companies with September 2008 YTD Capital Spending Leverage ratio: Debt divided by EBITDA (or EBITDAX for Successful Efforts Feb 23, 2021 EBITDAX is a valuation metric used specifically for oil and gas companies, also known as exploration and production (E&P) companies. Mar 19, 2021 Canacol Energy Ltd. Reports a 6% Increase in EBITDAX and an 11% Increase in Adjusted 2020 EBITDAX of $187.5 million increased 12% over 2019 levels, and fourth quarter GeoPark stepping up Colombia E&P activity& reserve based loans (RBLs) to finance their exploration and production (E&P) its ratio of total debt to EBITDAX (earnings before interest, taxes, depreciation, Jan 30, 2020 Adjusted EBITDAX per Outstanding Share(2) is defined as the adjusted EBITDAX related to both CNX's E&P and Unallocated segments (See Best-in-Class.

Consolidated Adjusted EBITDAX and Stand-alone E&P Adjusted EBITDAX of approximately $300 million from liquids in 2018 compared to 2017, before the impact of hedging. Antero is forecasting a modest increase in Cash Production Expenses due to an increase in transportation expenses. 2016-03-01 2018-02-04 EBITDAX, (iii) Consolidated Adjusted Operating Cash Flow, (iv) Stand-Alone E&P Adjusted Operating Cash Flow, (v) Free Cash Flow. Please see “Antero Definitions” and “Antero Non-GAAP Measures” for the definition of each of these measures as well as EBITDAX, (iii) Consolidated Adjusted Operating Cash Flow, (iv) Stand-Alone E&P Adjusted Operating Cash Flow, (v) Free Cash Flow. Please see ―Antero Definitions‖ and ―Antero Non-GAAP Measures‖ for the definition of each of these measures as well as Per the agreement, Edison E&P will add 2018 EBITDAX of US$434 million and Operating Cash Flow of US$302 million, materially enhancing Energean’s current cash flow ahead of Karish and Tanin First Gas. Energean will in due course send a circular to Energean Shareholders convening a general meeting to approve the Acquisition. 2020-12-18 EBITDAX multiples, and AR’s estimated production, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements speak only as of the date of this presentation.