Parsley Energy Overview Market Snapshot Production Premier Acreage Position NYSE Symbol: PE 1Q15 Production: 18.9 MBoe/d Shares Outstanding: 140.9 MM 1Q15 Production Mix Market Cap: 2,659 MM(1) Oil: 59% Net Debt: 529 MM(2) Natural Gas:…
Strong Production Growth Profile Q1 production up Q/Q Production In May, raised FY2015 despite estimated 1,500 increased production guidance by Boe/d weather impact again in April 12% at the midpoint 20-21.5 21.5(1) 1.5 18-19…
Wolfcamp B Wells Stronger Every Quarter Wolfcamp B well productivity up 32% Y/Y(1) 250 231 216 204 207 200 175 150 100 50 0 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Peak 30-Day Boepd/1,000 feet Sand per…
1 MMBoe EUR Wolfcamp Type Curve Type curve updated in May to reflect Parsley well results; Rate of Return (%) / Value, PV-10 (MM) previous type curve based on industry well results D&C Oil Price(1) 800 MBoe 1 MMBoe 1.2 MMBoe Cost…
Midland Basin Activity Concentrated in Parsleys Focus Area Location of offset activity supports value of Parsleys acreage position Roughly half of the horizontal rigs running in the Midland Basin are positioned in Parsleys Focus…
Inventory Growth Horizontal Drilling Inventory(1) +23% Core(2) Tier I(3) Total(4) Gross Net Gross Net Gross Net M Spraberry(5) 73 56 --- --- 73 56 2,500 2,237 L Spraberry 153 117 131 98 284 215 Wolfcamp A 283 236 163 125 447 361…
2015 Capital Program Efficient Spending Plan Capital Program Overview 600 Production up 46% 25 Efficient spending plan generates 40%+ Y/Y production growth Y/Y at midpoint on sharply reduced capital budget, with production growing…
Infrastructure Investments Prepare for Production Growth Over 90 miles of water transfer installed by end Q2 tied to 18 disposal systems Expected to reduce water hauling (1 LOE line item) by 60% Oil pipeline operational 30 tank…
Promising Southern Delaware Acreage Position Leasehold and Seismic Update Flexible development schedule; secured 3-year lease extensions covering majority of Southern Delaware acreage Proprietary 3D seismic survey confirms limited…
Strong Liquidity Position Enhances Flexibility Strong balance sheet to fund drilling plan through 2016, with 527 Pro Forma Liquidity(1) million of pro forma liquidity based on committed portion of borrowing base Common stock offering…
Strong Hedge Position Enhances Financial Strength Most of estimated 2015 oil production hedged, (As of end 1Q15) 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 more barrels hedged in 2016 than 2015, and Put Spreads (MBbl/day) 7.6 9.1 10.3…
Gas Hedge Position Boosts Realizations (As of end 1Q15) 2Q15 3Q15 4Q15 Three Way Collars (1) (BBtu/day) 9.9 9.8 9.8 Call Price (/MMBtu) 5.25 5.25 5.25 Put Price (/MMBtu) 4.50 4.50 4.50 Short Put Price (/MMBtu) 3.75 3.75…
Investment Highlights Premier Midland Basin acreage, with favorable combination of depth, thickness, and thermal maturity Superior Well Results At strip prices, Wolfcamp wells generate 60% ROR and 8 MM PV-10 Robust IPs from Core area…
Appendix
Q1 2015 Selected Operating Data For the three months ended March 31, 2015 2014 (Unaudited) Net production volumes: Oil (MBbls) 1,009 491. Natural gas (MMcf) 2,302 1,016. NGLs (MBbls) 310 165. Total (MBoe)(1) 1,703 825.…
Q1 2015 Adjusted Net Income For the three months ended (unaudited, thousands) March 31, 2015 Net loss attributable to Parsley Energy Inc. Stockholders (17,024) Derivative gain (7,142) Net cash receipts on settled derivative…
Q1 2015 Adjusted EBITDA For the three months ended March 31, 2015 2014 (unaudited, thousands): Net income (loss) attributable to Parsley Energy, Inc. stockholders (17,024) 1,983 Net loss attributable to noncontrolling interests…
Reserve Detail Reserve summary, as of 12/31/14, prepared by Netherland, Sewell & Associates, Inc. (NSAI) Drill-bit F&D of 19.68/Boe(1) Reserves up 66% Y/Y PDP up 126% Y/Y PV-10 up 79% Y/Y Oil (Mbbls) Nat Gas (Mmcf) NGL (Mbbls)…
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