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JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc.

Concho Resources, Inc. · Jun 11, 2015 · 15 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. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 1
    Investor Presentation JUNE 2015
  2. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 2
    Concho Resources Strategic acreage position in the Permian Basin 1.1 MM gross (700,000 net) acres Core areas in the Delaware Basin, Midland Basin and New Mexico Shelf High-quality, long-life reserve base 637.2 MMBoe estimated…
  3. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 3
    The Concho Advantage Concentrated, high-quality acreage positions in the Delaware Basin, Midland Basin and New Mexico Shelf High-Quality Assets Successful track record of strategic and bolt-on acquisitions with development upside…
  4. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 4
    Recent Results Highlight Execution Strength 1Q15 Total Production Growth Delaware Basin Growth Engine: OIL PRODUCTION 30% Growth 132.2 Horizontal Production Growth Year-over-Year Marks 21st 124.8 Consecutive Quarter 113.5 of…
  5. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 5
    2015 Capital Program Rig Program Progression Capital Program Allocation FY15 OUTLOOK Production Growth Target 37 12% 18% to 22% 35 19 Rigs since 4Q14 12% CAPTURING 30 SERVICE COST REDUCTIONS 24 20% Savings vs. YE14 Well…
  6. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 6
    Northern Delaware Basin ACREAGE POSITION Significant resource captured from large 365,000 gross acreage position and multiple target zones (255,000 net) acres Continue to deliver industry-leading results in the northern Delaware…
  7. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 7
    Execution-Driven Capital Efficiency NORTHERN DELAWARE BASIN Operational Drilling Days Drilling Cost/Lateral Foot (/Ft) Efficiencies that 36 Lateral Length (39)% Improve Returns and Up 17% Withstand Price 27 589 Cycles (25)%…
  8. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 8
    Resource and Results NORTHERN DELAWARE BASIN Deep Inventory of Identified Horizontal Locations Well Avg. Peak Rate (Boepd) Identified Wells per Formation Count1 30-Day (% Oil) 24-Hour Locations Section Brushy Canyon 19 632 (82%)…
  9. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 9
    Southern Delaware Basin ACREAGE POSITION LOVING Strong well results driven by enhanced geologic 275,000 gross model and completion design (170,000 net) acres Added 8 new horizontal wells with at least 30 WARD days of production…
  10. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 10
    Midland Basin HORIZONTAL CORE Targeting oil-prone, repeatable Wolfcamp and Spraberry zones ACREAGE POSITION Strong well results driven by drilling and completion optimization 200,000 gross (110,000 net) acres ANDREWS MARTIN Added 12…
  11. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 11
    New Mexico Shelf ACREAGE POSITION Deep inventory of high-return, low-cost 160,000 gross locations (110,000 net) acres 1,600 horizontal Yeso locations CHAVES 1,000 vertical Yeso locations CURRENT RIG Horizontal drilling and…
  12. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 12
    Key Takeaways Optimizing drilling and completion techniques, improving resource recovery and returns Executing a returns-based, disciplined capital program with operational flexibility Maintaining financial strength is a top…
  13. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 13
    Appendix
  14. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 14
    2015 Operational & Financial Outlook Production 2Q15 OUTLOOK Year-over-year growth 18% - 22% Production: Oil mix 63% - 65% 138 - 142 MBoepd Price realizations, excluding commodity derivatives (% of NYMEX) Crude oil (per Bbl) 90% -…
  15. JUNE 2015 INVESTOR PRESENTATION – Concho Resources, Inc. – slide 15
    Hedge Position 2Q15 - 4Q15 2015 OIL HEDGES Second Quarter Third Quarter Fourth Quarter Total 2016 2017 15.7 MMBbls Oil Swaps: (a) 65% Production1 Volume (Bbl) 5,114,000 5,719,000 4,904,000 15,737,000 14,859,000 5,568,000 Price (Bbl)…

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