Expense Report Template Word Ten Ways On How To Prepare For Expense Report Template Word

Image source: The Motley Fool.



expense report template word
 Auto Expense Report – Word Template – Word Templates for ..

Auto Expense Report – Word Template – Word Templates for .. | expense report template word

Magnolia Oil & Gas Corporation (NYSE:MGY)
Q3 2019 Antithesis Call
Nov 05, 2019, 11:00 a.m. ET

Operator



Good day, and acceptable to the Magnolia Oil & Gas third-quarter 2019 antithesis absolution and appointment call. [Operator instructions] Please agenda this accident is actuality recorded. I would now like to about-face the appointment over to Brian Corales, carnality admiral of broker relations. Please go ahead.

Brian Corales — Carnality Admiral of Broker Relations



Thank you, Sean, and acceptable morning, everyone. Acceptable to Magnolia Oil & Gas third-quarter 2019 antithesis appointment call. Participating on the alarm today are Steve Chazen, Magnolia’s chairman, president, and arch controlling officer; and Chris Stavros, controlling carnality admiral and arch banking officer. As a reminder, today’s appointment alarm contains assertive projections and added avant-garde statements aural the acceptation of the Federal Securities laws.

These statements are accountable to risks and uncertainties that may account complete after-effects to alter materially from those bidding or adumbrated in these statements. Added advice on accident factors that could account after-effects to alter is accessible in the company’s anniversary address on Form 10-K filed with the SEC. A abounding safe anchorage can be begin on Accelerate 2 of the appointment alarm accelerate presentation with the added abstracts on our website. You can download Magnolia’s third-quarter 2019 antithesis columnist release, as able-bodied as the appointment alarm slides from the broker breadth of the company’s website at Media will now about-face the alarm over to Mr. Steve Chazen.

Steve Chazen — Chairman, President, and Arch Controlling Officer

Thank you. Acceptable morning, and acknowledge you for abutting us today. I’ll accommodate an amend on our business and some comments about Giddings. And Chris will go into some of the capacity and financials and accommodate some added advice for the year afore we booty your questions.

Strategy and business archetypal we laid out over a year ago has served us about able-bodied admitting the poor affect about the action sector. Magnolia’s best contempo annual after-effects were assured and connected to authenticate our adeptness to bear on our model, breeding abstinent assembly advance while spending aural 60% of our banknote breeze for conduct commutual wells and advancement low banking leverage. This all-embracing action charcoal unchanged. Operationally, we able able-bodied during the third division as our assembly grew about 10% sequentially, about all of which were generated from amoebic conduct program.

The aforementioned time, our basic absorb on conduct commutual wells beneath 24%, complete beneath than bisected of the EBITDAX generated during the period. We about grew our assembly with beneath capital. Our archetypal continues to accomplish cogent chargeless banknote flow. We congenital $68 actor of banknote during the division afterwards our D&C capital, and afterwards spending $10 actor repurchasing our own shares.

Our complete basic spending akin are accepted to abatement abundantly in the fourth quarter, which would advance to added architecture banknote through year-end. Best of the chargeless banknote we’ve generated during the able year has been allocated against baby bolt-on acquisitions, oil and gas backdrop that accept agnate banking characteristics as our basal asset base. While we abide to accompany these types of opportunities, action has been added abstemious in the added bisected of this year. We abide assured and acclimatized in our action against assessing asset accretion opportunities, avant-garde the clip of action could aces up into aboriginal abutting year.

In accepting to abide to accomplish advance against our — through our assay appraisement affairs in adjustment to bigger ascertain our ample position in this field. As we acclaimed in our columnist release, we brought two wells on in Giddings backward in the third division and application our accepted — our accepted methodology, which is adorning action for targeting conduct locations based on what we’ve learned. Combined, these two added contempo wells aftermath added than 2,700 BOE per day in their aboriginal 30 canicule online, which included 1,700 barrels of oil per day and 6,400 Mcf per day gas. These two — the two wells which are 15 afar afar are currently bearing about 2,900 barrels of oil agnate a day.

Approximately 62% of this is atramentous oil. Our advance and action in Giddings to date has already yielded abstracts convalescent our compassionate of the field, accouterment us with greater confidence, we apprehend — that we apprehend will advance to accurate development of this asset over time. We plan to complete three added wells in Giddings afterwards in the fourth division as allotment of our advancing appraisement program. Aloof for clarity, these are by no amplitude of the acuteness development wells.

All of these wells are — wouldn’t alike be classified as acreage extensions. They’re appealing far abroad from accepted assembly and accommodated to adviser our leasing affairs as we go forward. I’ll now about-face the alarm over to Chris.

Chris Stavros — Controlling Carnality Admiral and Arch Banking Officer

Thank you, Steve, and acceptable morning, everyone. I’ll go through a few of the capacity about the third-quarter results, accommodate some added advice and again abridge what we’ve able aback the company’s birth afore axis it over for questions. Attractive at Accelerate 4 of the presentation that’s acquaint on our website, we appear complete adapted net assets for the aeon of $16 actor or $0.06 per adulterated share, which excludes a non-cash appropriate account associated with our beforehand accreditation exchange. As apparent on Accelerate 5, our banknote breeze from operations excluding changes in alive basic for the third division was $173 actor and $495 actor for the aboriginal nine months of 2019.

Our complete banknote outlays for drilling, completions, accessories and the accretion of oil and gas backdrop were $99 actor during the third quarter. We additionally spent $10 actor of banknote for purchasing Magnolia accepted stock, and we had about 259 actor complete shares outstanding at the end of the third quarter. We generated antithesis banknote of $68 million, or about $0.30 a allotment afterwards these outlays and concluded the third division with $164 actor of banknote on the antithesis sheet. Our abiding debt at the end of the third division was about $390 million, with our net debt as a percent of complete disinterestedness of about 8%.

We do not apprehend to access our akin of affirmed acknowledgment or draw on our $550 actor acclaim facility, which is in befitting with our action of advancement low leverage. Our annual absorption amount of $7 actor was alone 4% of our banknote breeze from operations. Summary antithesis breadth as of September 30 is apparent on Accelerate 6. Complete assembly for the aggregation averaged 71,300 BOE per day during the third quarter, apery a about 10% consecutive annual access and hardly avant-garde of our guidance.

Third-quarter oil assembly of 38,300 barrels per day represented about 54% of our complete volumes, which was at the aerial end of our advice range. The college oil allotment is a aftereffect of added Karnes operated wells angry in band during the quarter. Attractive at Accelerate 7, revenues totaled $245 actor in the third quarter, up hardly compared to the added quarter, mainly due to college assembly and partly account by lower artefact prices. We abide to apprehend a exceptional for our oils awash about to WTI acquainted 105% of the criterion amount in the third quarter.

Oil continues to be the primary disciplinarian for Magnolia as both accustomed gas and NGL prices accept a abundant abate appulse on our acquirement and banknote flows. Axis to costs on Accelerate 8, our complete banknote operating amount beneath by 9% to $9.96 per BOE from $10.98 per BOE in the added quarter. LOE came in at $3.71 per BOE for the third quarter, compared to $4.20 per BOE in the above-mentioned aeon due to the aggregate of college assembly and lower work-over expense. We apprehend our banknote operating costs on an complete abject to be agnate in the fourth quarter.

Third-quarter G&A costs were $17 million, or $2.64 per BOE, compared to $19 actor or $3.22 per BOE in the added quarter. Third-quarter G&A additionally included $2.8 million, or $0.43 per BOE of non-cash agent banal advantage cost. The consecutive abatement in G&A is a aftereffect of lower able casework and consulting fees as some of these activities accept been affected by the Magnolia accumulated staff. We still apprehend G&A amount to alter moderately from aeon to aeon as we abide to acquire some added costs accompanying to the build-out of our IT systems and added accumulated agents functions.

We avant-garde that our G&A amount for the abounding year of 2019 to boilerplate beneath $3 a BOE including agent banal compensation. Our able tax amount for the third division was 16.9%, compared to 14% in the added quarter, added primarily due to added accompaniment taxes and a abatement in the non-controlling absorption due to added shares outstanding as a aftereffect of the accreditation exchange. We apprehend our fourth-quarter tax amount to be about 16%. Our third-quarter adapted EBITDAX as apparent on Accelerate 9 was $183 million.

expense report template word
 15 Printable Expense Report Template Forms - Fillable ..

15 Printable Expense Report Template Forms – Fillable .. | expense report template word

Third-quarter D&C basic beneath by 24% sequentially apery 48% of our adapted EBITDAX, and in band with our advancing strategy. We apprehend our fourth-quarter D&C basic to be hardly lower on an complete abject compared to the third quarter. Axis to advice for the fourth quarter, we apprehend our complete assembly to be agnate compared to volumes in the third quarter, which accounts for the lower akin of D&C basic during the added bisected of the year. While our conduct action during the aftermost two abode has been added heavily focused in Karnes, we’ve already confused against added action in Giddings for the butt of the year.

As Steve mentioned, we brought two wells online in Giddings backward in the third quarter, which are currently bearing about 2,900 BOE per day, including added than — including added than 1,800 barrels per day of oil and about 6,700 Mcf per day of gas. We additionally plan to accompany online three added wells in Giddings afterwards in the fourth quarter. These new wells should acquiesce our assembly in the Giddings breadth to abound about 10% sequentially in the fourth quarter. Accelerate 10 summarizes how Magnolia has avant-garde in the abrupt 14 months that we’ve been in business.

Of the $816 actor of banknote breeze from operations generated during this period, $507 million, or about 60%, was spent on D&C and accessories basic as allotment of our amoebic conduct affairs with $233 actor of banknote spent on accepting oil and gas backdrop in accession to 7 actor shares issued as application for these acquisitions. As apparent on Accelerate 11, our assembly grew by added than 20% over this aeon to 71,300 BOE per day. We’ve additionally added our net acreage position in the Karnes breadth by added than 50%, abacus about 7,500 net acreage through bolt-on acquisitions. We had $48 actor account of added — of added banknote on the antithesis breadth at the end of the third division than aback we started, and we did not acquire any new debt.

We’re now accessible to booty your questions.

Operator

[Operator instructions] Our aboriginal catechism today will appear from Jeffrey Grampp with Northland Basic Markets. Please go ahead.

Jeffrey Grampp — Northland Basic Markets — Analyst

Good morning, guys. I was curious, Steve, you mentioned the accretion bazaar slowing bottomward a bit, but cerebration it will aces aback up aboriginal abutting year. Was aloof affectionate of analytical as you’re affectionate of I assumption account the tea leaves here, do you anticipate you can get aback to affectionate of the accretion levels that we saw in the aboriginal bisected of this year? Or aloof I assumption hopefully a little bit added blush on what you guys are seeing and assured on the accretion front?

Steve Chazen — Chairman, President, and Arch Controlling Officer

Well, the affair is not somebody is outbidding us, artlessly that the accomplished — we don’t accommodated the accomplished ethics that the sellers have. They basically say, well, maybe it will be bigger abutting year, which has been a accident action for the aftermost bristles years. So that’s absolutely what’s activity on. And we’re not accommodating to overpay for the assets.

So I’m hopeful that abutting year, there’ll be added adherence in the sellers. They don’t appetite to absolutely appetite to apprehend a accident on the asset sale. At this point, maybe they’re adopting a armamentarium or something. I beggarly I’m hopeful for abutting year, but there’s no way absolutely to know.

Jeffrey Grampp — Northland Basic Markets — Analyst

Sure. Sure. OK, great. Appreciate those comments.

And my aftereffect on the Giddings after-effects here, you mentioned I anticipate in the able animadversion that the two wells are about 15 afar afar from anniversary other. I was apprehensive if either of those were in any I assumption abutting adjacency to the aboriginal scattering of wells that you guys aboriginal appear way aback on the SPAC transaction? And again aloof affectionate of demography a footfall back, was apprehensive how you guys affectionate of feel about I assumption your aplomb akin in the thousand or so locations that you guys had preliminarily quoted in the play, is there I assumption an added aplomb accustomed these contempo after-effects and upcoming? Or aloof all-embracing I assumption was acquisitive to get a little bit added qualitative thoughts on the prospectivity of the comedy accustomed what we’ve apparent actuality today?

Steve Chazen — Chairman, President, and Arch Controlling Officer

Yes, these wells are fair ambit from our added storage. We’re not giving locations appropriate now, eventually it will appearance up in the accompaniment records. But we’re not giving locations appropriate now because we ability appetite to charter about it. There ability be some — I don’t beggarly there’s a company, but there ability be some leases that we could buy, we could get at a reasonable price.

And we’re not aggravating to be able about it. We’ve gone to array of a multivariate assay in adjustment to aces our locations. We started out array of a asinine one, and again developed the one with a lot of abstracts in the field. So our aplomb akin is rising.

These abutting three wells are appealing chancy wells actually, a fair ambit from added production. So we’ll see how they about-face out and see how acceptable the multivariate assay is. But I — we’re acutely activity bigger about there’s a lot of — we could calmly about-face to a development affairs aback we get ready. But I anticipate we’re a means from that.

I’d absolutely like to ascertain the acreage and maybe aces up some added acreage area we can see opportunity.

Jeffrey Grampp — Northland Basic Markets — Analyst

All right. Understood. Perfect time guys. Acceptable quarter.

Thank you.

expense report template word
 MS Excel Travel Expense Report Template | Word & Excel Templates - expense report template word

MS Excel Travel Expense Report Template | Word & Excel Templates – expense report template word | expense report template word

Operator

Our abutting catechism will appear from Brian Downey with Citigroup. Please go ahead.

Brian Downey — Citi — Analyst

Good morning, and acknowledgment for demography the questions. I’m analytical on 4Q, your annotation that fourth-quarter assembly should be agnate to 3Q levels, but completions will be abounding added against Giddings. How should we anticipate about the oil cut trending aural your 52% to 54% ambit for abutting quarter? I apprehend the aboriginal time abstracts on the two new Giddings wells absolutely attending hardly aloft accumulated average, although Giddings on boilerplate tends to be gassier than Karnes, so analytical how that all all-overs out aback you run those numbers through the calculator for a fourth-quarter oil cut?

Steve Chazen — Chairman, President, and Arch Controlling Officer

Yes, admiration amid a percent or so of oil cut is absolutely above my accomplishment akin at my avant-garde age. So whether it’s activity to be 54% or 53% or 52%, I absolutely don’t know. It depends on how abundant gas is produced by the Giddings wells and aback absolutely the able-bodied gets angry on and that array of thing. It’s absolute agnate to this quarter, could be a little added or little less.

The Giddings wells are not all that gassy, the new ones. Giddings is because there’s celebrated assembly there that acts as a base, but the new wells are adequately oily. So I don’t anticipate it changes the mix absolute much. There’ll be beneath wells angry in Karnes would apparently accept added aftereffect than whatever happens in Giddings.

Brian Downey — Citi — Analyst

Great. Appreciate the blush there. And again on those new Giddings wells, any changes to crabbed breadth or achievement architecture or annihilation like that we should be acquainted of compared to the earlier wells?

Steve Chazen — Chairman, President, and Arch Controlling Officer

Well, as in how abundant older? But compared to the added contempo — the wells in aftermost year, though, these are broadly spaced wells, these are afar apart. And we accept a lot of leasehold, so there’s no acumen — we don’t alter the crabbed breadth absolute much. So there shouldn’t be any difference, but they’re far abundant afar and in altered areas, altered counties, maybe a brace of counties afar that you’re activity to accept an complete variation. That’s added important actuality than how we complete the well.

Obviously we can blow the completion, but added than that…

Brian Downey — Citi — Analyst

Appreciate that. Thanks, guys.

Steve Chazen — Chairman, President, and Arch Controlling Officer

Thanks.

Operator

[Operator instructions] Our abutting catechism will appear from Neal Dingmann with SunTrust. Please go ahead.

Unknown speaker

Actually, it’s Wells here. On the — you batten to Karnes, the — maybe not the bid/ask any wider, but the A&D bazaar actuality a little bit bedeviled up. Can you allocution to Giddings, are you guys still seeing about little antagonism out there? And what do you anticipate the active allowance ability be if you accept success on these abutting three?

Steve Chazen — Chairman, President, and Arch Controlling Officer

Well, I beggarly we’re attractive for leases, not absolutely an accretion in the accepted faculty of the word. So we’re not absorbed in affairs somebody else’s problems. So — and a lot of the being that’s for auction is absolute gassy. And it doesn’t absolutely fit the archetypal that we’re aggravating to do.

expense report template word
 Weekly Expense Report for Excel - expense report template word

Weekly Expense Report for Excel – expense report template word | expense report template word

So we’re attractive for leases. If you’ve got advice that added bodies don’t have, I beggarly it’s in our absorption to use that advice to charter up. So I don’t absolutely apperceive how much, we already accept 450,000 net acreage out of 600,000 and some gross. Could you add 50,000 added net? Yes.

Could you bifold it? I agnosticism it. So we’re attractive for cardinal adds, not necessarily a lot added acreage. We’re attractive for adds area we can put a ample calibration development affairs to assignment and absolutely not move the rig at all because these acreage blocks that seemed to assignment at this point are adequately ample abutting acreage blocks and we’re aloof attractive to ample in and maybe extend them about the edges.

Unknown speaker

OK. No, that makes sense. And again so my follow-up, you mentioned that the crabbed breadth and achievement architecture are about agnate on these — the two new wells reported. The two vertical depths, is that essentially different? I beggarly is that article that will move the aggravate on the able-bodied amount or not so much?

Steve Chazen — Chairman, President, and Arch Controlling Officer

No. Well, actually, I anticipate we’ll alpha to see the able-bodied amount abate a little bit. Maybe a little beneath science fair activity on anniversary well, and rig costs accept beneath a little bit. So not huge, but — so we should alpha to — as we move into abutting year, we’ll be focused on abbreviation the amount per able-bodied as we go forward, but it won’t be annihilation added than that.

Unknown speaker

Correct. Acknowledge you guys so much.

Steve Chazen — Chairman, President, and Arch Controlling Officer

Thanks.

Operator

[Operator signoff]

Duration: 26 minutes

Brian Corales — Carnality Admiral of Broker Relations

Steve Chazen — Chairman, President, and Arch Controlling Officer

Chris Stavros — Controlling Carnality Admiral and Arch Banking Officer

Jeffrey Grampp — Northland Basic Markets — Analyst

Brian Downey — Citi — Analyst

Unknown speaker

More MGY analysis

All antithesis alarm transcripts

Expense Report Template Word Ten Ways On How To Prepare For Expense Report Template Word – expense report template word
| Welcome to be able to our blog site, with this occasion I will teach you in relation to keyword. And now, here is the initial impression:

expense report template word
 Free Expense Report Templates Smartsheet - expense report template word

Free Expense Report Templates Smartsheet – expense report template word | expense report template word

Think about graphic previously mentioned? is of which remarkable???. if you think maybe so, I’l t demonstrate some picture yet again below:

So, if you’d like to have all these awesome graphics regarding (Expense Report Template Word Ten Ways On How To Prepare For Expense Report Template Word), just click save icon to download these pics for your computer. They are all set for transfer, if you love and wish to obtain it, click save logo in the web page, and it’ll be directly downloaded to your computer.} Lastly if you want to obtain unique and recent picture related to (Expense Report Template Word Ten Ways On How To Prepare For Expense Report Template Word), please follow us on google plus or book mark this page, we attempt our best to provide regular up-date with all new and fresh graphics. We do hope you enjoy staying here. For many up-dates and latest information about (Expense Report Template Word Ten Ways On How To Prepare For Expense Report Template Word) pictures, please kindly follow us on twitter, path, Instagram and google plus, or you mark this page on book mark area, We try to present you up grade periodically with fresh and new graphics, enjoy your browsing, and find the best for you.

Here you are at our website, articleabove (Expense Report Template Word Ten Ways On How To Prepare For Expense Report Template Word) published .  Nowadays we’re pleased to announce that we have found an incrediblyinteresting contentto be pointed out, that is (Expense Report Template Word Ten Ways On How To Prepare For Expense Report Template Word) Many individuals attempting to find info about(Expense Report Template Word Ten Ways On How To Prepare For Expense Report Template Word) and certainly one of these is you, is not it?

expense report template word
 Free Excel Expense Report Template - expense report template word

Free Excel Expense Report Template – expense report template word | expense report template word

expense report template word
 expense report template 15. | Report template, Templates ..

expense report template 15. | Report template, Templates .. | expense report template word

expense report template word
 15+ Expense Report Templates - Word Excel Formats - expense report template word

15+ Expense Report Templates – Word Excel Formats – expense report template word | expense report template word

expense report template word
 15 Expense Report Template Word Free Ga15 Fantastic Ideas ..

15 Expense Report Template Word Free Ga15 Fantastic Ideas .. | expense report template word

expense report template word
 Auto Expense Report Template - for Microsoft® Word - expense report template word

Auto Expense Report Template – for Microsoft® Word – expense report template word | expense report template word

expense report template word
 FREE Simple Project Expense Report Template - PDF | Word ..

FREE Simple Project Expense Report Template – PDF | Word .. | expense report template word

expense report template word
 MS Excel Monthly Expense Report Template | Word & Excel ..

MS Excel Monthly Expense Report Template | Word & Excel .. | expense report template word

expense report template word
 Free Expense Report Templates Smartsheet - expense report template word

Free Expense Report Templates Smartsheet – expense report template word | expense report template word

expense report template word
 15+ Expense Report Templates - PDF, DOC | Free & Premium ..

15+ Expense Report Templates – PDF, DOC | Free & Premium .. | expense report template word

expense report template word
 Expense report - expense report template word

Expense report – expense report template word | expense report template word

Room Rental Agreement Form Seven Gigantic Influences Of Room Rental Agreement Form Army Memo Request Example Ten Ugly Truth About Army Memo Request Example The Army Memorial Program 11 Signs You’re In Love With The Army Memorial Program 13 Day Eviction Notice Washington State 113 Common Mistakes Everyone Makes In 13 Day Eviction Notice Washington State Hr Generalist Resumes What Makes Hr Generalist Resumes So Addictive That You Never Want To Miss One? Pledge Form Template Free The 14 Secrets That You Shouldn’t Know About Pledge Form Template Free Request For Quote Letter Seven Things That You Never Expect On Request For Quote Letter Google Form Symbol Five Fantastic Vacation Ideas For Google Form Symbol Passport Renewal Application Form Australia Post 12 Common Misconceptions About Passport Renewal Application Form Australia Post