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DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc.

Parsley Energy Inc. · Dec 10, 2014 · 19 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 1
    Investor Presentation December 2014
  2. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 2
    Parsley Energy Overview Market Snapshot Production and Reserves Premier Acreage Position NYSE Symbol: PE 3Q14 Production: 15.3 MBoe/d Market Cap(1): 1,657 MM Proved Reserves: 63 MMBoe(4) Net Debt(2): 424 MM Liquids: 76% Enterprise…
  3. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 3
    Horizontal Well Locations and Results Stimulated Number of Peak 24-hr IP Peak 30-day IP Peak 30-day IP Number Well Name County Well Zone Lateral Length Stages (Boe/d) (Boe/d) per 1,000' Lateral % Liquids(1) Core 1 Dusek 45-1HB…
  4. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 4
    Horizontal Well Results 1,800 (1) PE Daily Well Average (2) 690 MBoe EUR Type Curve 1,600 (1) PE Daily Well Average in Core Area (1) PE Daily Well Average in Tier 1 Area 1,400 1,200 Boe/d 1,000 800 600 400…
  5. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 5
    Horizontal Well Economics Robust Returns Across Market Cycles Rate of Return (%) PV-10 ( millions) 50% 10 (1) 45% 690 MBoe EUR Type Curve (1) 690 MBoe EUR Type Curve 8 PV-10 ( millions) 40% 35% 6 ROR 30% 25% 4…
  6. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 6
    Wolfcamp A/B Stacked Lateral Potential Type Log As Drilled Lateral Placement Cross Section Gun Barrel WC A Wolfcamp A Dusek 44 1HA 395 730 WC UPPER B 332 Wolfcamp B Dusek 44 1HB 335 WC LWR B 120 Strong…
  7. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 7
    Premier Acreage Position Midland Basin Acreage Map Midland Basin Acreage Net Surface Acreage Core Tier 1 Total 42,519 29,178 71,697 Net Effective Acreage Core Tier 1 Total Lower Spraberry 14,603 16,553 31,156 Wolfcamp A 27,362…
  8. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 8
    Substantial Drilling Inventory Midland Basin Drilling Inventory Midland Basin Drilling Inventory Net Horizontal Undrilled Locations Core(1) Tier 1(2) Total(3) Lower Spraberry 63 89 152 Wolfcamp A 149 120 269 Wolfcamp B 143 117…
  9. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 9
    Capital Program and Liquidity Update Strong balance sheet to fund drilling plan, with more than Pro Forma Liquidity 700 million of pro forma liquidity Cash of 133 million at September 30, 2014 ( millions) Approved borrowing base of…
  10. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 10
    Southern Delaware Exploration Program Parsleys acreage position in the Coyanosa sub-basin, within the Southern Delaware 52 Square Mile Proprietary 3D Seismic Data Shoot Basin, has Pennsylvanian-aged rocks in the oil window Stacked…
  11. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 11
    Appendix
  12. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 12
    Q3 2014 Review Q3 2014 Highlights Average Daily Net Production (MBoe/d) Increased average net production 9% QoQ to 15.3 Mboe/d 16 15.3 On 11/11/14, raised 2H14 production guidance from 15,50016,500 Boe/d to 17,00017,500 Boe/d…
  13. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 13
    Q3 2014 Selected Operating Data Quarter Ended Sept 30, June 30, Sept 30, 2014 2014 2013(1) Net Production Volumes: Oil (MBbls) 733 654 298 Natural gas (MMcf) 2,062 2,020 1,417 NGLs (MBbls) 333 283 - Total (MBoe)(2) 1,410 1,274…
  14. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 14
    2H 2014 Guidance (issued on 11/11/14) Average Costs Horizontal Drilling Activity 1H14 2H14E 1H14 2H14E Previous 2H14E Revised 10.00 10% 30 8.00 8% 25 % of Revenue Wells Spud 20 Per Boe 6.00 6% 7.00 7.00 15 21 - -…
  15. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 15
    Hedging Update Oil Positions Oil Hedges Q4-2014 2015 2016 2017 87.80 16,000 90 Put Spreads (Bbl/day) 641 7,082 11,175 14,000 81.88 81.38 81.62 81.73 82.24 82.07 85 80.18 79.66 80.00 80.00 Put Price (/Bbl) 90.00 79.62 81.99 12,000…
  16. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 16
    Reserves and Value Reserve summary, as of 12/31/13, prepared by Netherland, Sewell & Associates, Inc. (NSAI) No horizontal locations in proved reserves Year-to-date, Parsley spent 360 million on drilling and completion; the reserves…
  17. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 17
    Up-C Structure Overview Similar to other recent IPOs in the energy space, Parsley Energy went public using an Up-C structure Creates two classes of shares A and B Class A includes all of the shares that were sold to the public, plus…
  18. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 18
    Corporate Structure Legacy Owners: Public Management Shareholders Class A Common Stock Class A/B Common Stock and Other 45.9% voting power of PE(1) 54.1% voting power of PE(1) Investors Parsley Energy, Inc. (NYSE: PE) 25.7%…
  19. DECEMBER 2014 INVESTOR PRESENTATION – Parsley Energy Inc. – slide 19
    EPS Adjusted for the Up-C and Non-Recurring Items Three months ended Nine months ended September 30, 2014 September 30, 2014 Net income attributable to Parsley Energy Inc. Stockholders 16,867 (19,791) Derivative loss (gain) (11,767)…

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