Economics : Type Curve

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V E R SION 3 .0 COMP LE T IONS C ONT INUING TO OUT P E R FOR M V E R SION 2 .0 COMP LE T IONS IN SP R A BE R RY/WOLFC AMP Version 3.0 wells pay out incremental capital cost of 0.5 MM to 1.0 MM in less than 1 year Northern and Southern JV Areas - Wolfcamp B Updated End 1 350 (MBOE) (MBOE) Version 3.0 64 wells since early 2016 January Cumulative Production 300 Q1 Q3 POPs 53 wells (9,400 avg. lateral length) Q4 POPs 11 wells (9,700 avg. lateral length) 250 Cumulative Production 200 Version 2.0 131 wells since mid-2015 8,400avg. lateral length 150 (includes 9 wells in Q4) 100 50 - - 60 120 180 240 300 360 420 480 540 Days on Production Northern Area - Wolfcamp A Updated End 350 Cumulative Production 1 (MBOE) (MBOE) January Version 3.0 45 wells since early 2016 300 Q1 Q3 POPs 18 wells (8,400 avg. lateral length) Q4 POPs 27 wells (8,400 avg. lateral length) 250 Cumulative Production 200 150 Version 2.0 20 wells since mid-2015 8,000 avg. lateral length 100 (includes 8 wells in Q4) 50 - - 60 120 180 240 300 360 420 480 540 1) Production normalized for shut-ins Days on Production 11
Pioneer Natural Resources Co.
February 2017

Howard County: Proven Productivity in Three Zones Second operated three-well pad continues to exceed Howard County Activity expectations and outperform the first three-well pad: Reed 1A 1WA Optimized landing zones and utilized Diamondback IP30: 203 boe/d per 1,000 (89% oil) stacked/staggered approach Lateral Length: 9,727 On ESP Applied micro-seismic Reed 1A 1WB Employed HDNW stimulation techniques and diverters Diamondback IP30: 165 boe/d per 1,000 (90% oil) Lateral Length: 9,727 Completion optimization ongoing with improved designs On ESP and landing targets Reed 1A 1LS Diamondback Plan to run one rig in Howard County during 2017 IP30: 117 boe/d per 1,000 (89% oil) Lateral Length: 9,721 On ESP Producing over 1,100 boe/d Phillips-Hodnett Unit 1WA Diamondback IP30: 185 boe/d per 1,000 (89% oil) Lateral Length: 7,430 On ESP Phillips-Hodnett Unit 1WB Diamondback IP30: 173 boe/d per 1,000 (83% oil) Lateral Length: 7,093 On ESP Phillips-Hodnett Unit 1LS Diamondback EUR: 120+ Mboe per 1,000 Lateral Length: 7,296 On ESP Lower Spraberry Wolfcamp A Wolfcamp B Source: DrillingInfo, Company Information. EUR estimates are FANGs interpretation of data normalized for a 7,500 lateral. 7
Diamondback Energy, Inc.
February 2017

Pushing The Play To The East, Testing Spacing 3rd Bone Spring - Wolfcamp B Gross Isopach Operational Highlights Successful delineation of the eastern edge of the Wolfcamp play continues with first production from the Chupacabra 1213-7 1H and the State 1211-17 3H Skinwalker 2-8 1H extended laterals Combined production of 3,000 Boe/d Easternmost well in Cochise, UTL LJ Beldin 1211-17 3H, began production HK Pilot on 10/14/16 Cumulative production over 152 MBoe through first 160 days, exceeding type curve by 8% C.I. = 100 Whiskey River 98-34-1H and Pyote Flats 98-34-2H test 660 spacing in Wolfcamp A and show promising results during early flowback AXAS Caprito Combined production of 2,150 Boe/d 660 spacing would add over 400 gross well locations to 1,349 well 98-34 inventory Easternmost Well Performance 2,000 1213-7-1H 1,500 2-8-1H Boe/d 1,000 500 0 0 30 60 90 120 150 180 PE Multi-well Pads Days Chupacabra 1213-7 1H State Skinwalker 2-8 1H UTL LJ Beldin 1211-17 3H JAG 9,000' Type Curve (1.2 MBoe) Star at Bottom Hole Location Ryder Scott Type Curve (1.04 MBoe) 6
Jagged Peak Energy Inc
March 2017

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