Parsley Energy Overview Market Snapshot Production Premier Acreage Position NYSE Symbol: PE 2Q15 Production: 22.2 MBoe/d Market Cap: 2,136 MM(1) 2Q15 Production Mix Net Debt: 581 MM(2) Oil: 58% Enterprise Value: 2,717 MM(3) Natural…
Wolfcamp Wells Outperforming 1 MMBoe Type Curve 250 Wolfcamp A/B wells outperforming 1 MMBoe type curve as more recent wells flow through the data set Wolfcamp A wells on track to match Wolfcamp B 200 cumulative oil production…
Strong Production Trend Raising FY2015 production Q2 production up 18% Q/Q and 59% Y/Y guidance for the 2nd consecutive quarter 12 30 10 25 22.2 21.5-22.5 20-21.5 8 20 Net Production (MBoe/d) 18.9 18-19 18.2 Rig…
Strong Returns and NPV Trending Higher Drill Times Drilling and Completion Costs(1) Drill times down significantly over last two quarters D&C costs continue to decline quarter by quarter despite longer average lateral lengths -30%…
Production Growth vs. Capex Boe/d Added per MM of Capex vs. Y/Y Production Growth 25 75% 20 60% Boe/d Added per MM of Capex Annual Production Growth 15 45% 10 30% 5 15% N/M 0 0% Peer 1 Peer 2 Peer 3 PE…
High Grading Asset Base Divestiture Acreage: 13,413 gross/12,742 net Locations: None Acquisition Acreage: 640 gross/480 net Horizontal locations: 38 gross/29 net Acre-for-Acre Trades 1,200 net acres Extended 24…
Peer-leading Wolfcamp Wells Parsleys Wolfcamp A/B wells have the highest 30-day IP Peak 30-day IP rates on Parsleys Wolfcamp A/B wells rates and 180-day cumulative production among peers correlate with their 180-day cumulative…
Horizontal and Vertical Inventory Average stimulated lateral lengths increased by more than 300 feet through acreage trades and bolt-on acquisitions +330 Total +350 +380 Core +210 Tier I +240 4,000 4,200 4,400 4,600 4,800…
Superior Acreage Characteristics Parsleys Wolfcamp complex is advantaged in terms of depth and thickness The consistency of the Lower Spraberry shale from north to south through the heart of the Midland Basin bodes well for its…
Appraising Promising Southern Delaware Acreage Appraising horizontal potential of Trees Ranch prospect in 2H15 Strong oil production on vertical exploratory wells Proprietary 3D seismic shoot shows abundant potential for long lateral…
Strong Liquidity Position Strong balance sheet to fund drilling plan, with 476 million of liquidity at end 2Q15 (MM) Size and strength of hedge book sets up well for fall redetermination process First lien borrowing base 455 Cash…
Hedge Position Mitigates Downside and Preserves Upside Most of estimated 2015 and 2016 oil 2015 2016 2017 production hedged and meaningful 2017 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 position established Put Spreads…
2015 Guidance Summary 2015 Capital Program Production Guidance Drilling & Completion 285 - 325 +55% Y/Y Infrastructure & Other 40 - 50 Total Capital Expenditures 325 - 375 25 21.5-22.5 Gross Horizontal Wells Completed 45 50…
Investment Highlights Premier Midland Basin acreage, with favorable combination of depth, thickness, and thermal maturity Superior Well Peer-leading Wolfcamp A/B 30-day IP rates and 180-day cumulative production Results Wolfcamp A/B…
Investment Highlights APPENDIX 17
Q2 2015 Selected Operating Data Three months ended Six months ended June 30, June 30, 2015 2014 2015 2014 Net production volumes: Oil (MBbls) 1,183 654 2,192 1,145 Natural gas (MMcf) 2,698 2,020 5,000 3,036 NGLs (MBbls) 392 283…
Q2 2015 Adjusted Net Income and EBITDAX For the three months ended For the six months ended June 30, June 30, 2015 2014 2015 2014 Revenues Oil sales 63,418 61,735 107,106 107,563 Natural gas sales 6,696 9,728 13,652 14,772…
Growing Reserves Reserve summary, as of 12/31/14, prepared by 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) Total (MBoe) PV-10 (MM)(2) PDP 23,368…
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