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Johnson Rice Energy Conference – Parsley Energy Inc.

Parsley Energy Inc. · Sep 29, 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. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 1
    INVESTOR PRESENTATION September 2015
  2. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 2
    Parsley Energy Overview Market Snapshot 2Q15 Production Premier Acreage Position NYSE Symbol: PE 2Q15 Production: 22.2 MBoe/d Market Cap: 2,362 MM(1) 2Q15 Production Mix Net Debt: 382 MM(2) Oil: 58% Enterprise Value: 2,744 MM Natural…
  3. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 3
    Bolt-on Acquisitions Expand Core Asset Base More than 1,900 net acres with 84 associated net horizontal locations in the heart of the Midland Basin for approximately 39 million Approximately 100 Boe/d of associated production…
  4. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 4
    Inventory and Lateral Lengths Increasing Since beginning of Q2, 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…
  5. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 5
    Strong Balance Sheet to Fund Leading Production Growth Pro Forma for Offering and Acquisitions(1) (MM) Net Debt/EBITDA Projected to Decline(2) Current first lien borrowing base availability 500 3.0x Cash on hand 154 2.7x 2.5x Total…
  6. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 6
    Substantial Hedge Position Provides Visibility into 2017 Recently added to hedge position, 2015 2016 2017 increasing coverage in 2016 and 2017 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 (1)(2) Put Spreads (MBbls/d) 10.5 12.4…
  7. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 7
    Strong Production Trend In August, raised FY2015 Q2 production up 18% Q/Q and 59% Y/Y production 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…
  8. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 8
    Wolfcamp Wells Outperforming 1 MMBoe Type Curve 250 Type curve based on actual well performance across entire Focus Area, which contains 90% of Companys horizontal drilling locations Implies many years of consistently strong well…
  9. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 9
    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…
  10. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 10
    Superior Acreage Characteristics Parsleys Wolfcamp complex is advantaged in terms of depth and thickness The consistency of the Lower Spraberry shale through the heart of the Midland Basin bodes well for its productivity on Parsleys…
  11. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 11
    Strong Returns and NPV Trending Higher Drill Times Drilling and Completion Costs(1) Drill times down significantly from 4Q14 to 2Q15 D&C costs continue to decline quarter by quarter despite longer average lateral lengths -30% -18%…
  12. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 12
    Unlocking Value through Delineation Activity Plan to drill first Lower Spraberry well in the Midland Basin by the end of the year Appraising horizontal potential of Trees Ranch prospect in the Southern Delaware Basin in 2H15 Strong…
  13. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 13
    2015 Guidance Summary 2015 Capital Program 2015 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…
  14. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 14
    Capital Efficient Production Growth 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…
  15. Johnson Rice Energy Conference – Parsley Energy Inc. – slide 15
    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(2) Reserves reflect voluntary removal of 14 MMBoe of reserves associated with…

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