Pioneer Proprietary Investor Presentation January 2016
2015 Operational Update Increased Q4 production guidance to 213 MBOEPD 215 MBOEPD, above the top end of previous forecast of 206 MBOEPD 211 MBOEPD Increased full-year 2015 production growth guidance to 12% vs. prior guidance of 11%…
2016 Preliminary Outlook Preliminary 2016 production growth forecast is 10% to 15% compared to 2015 Expect to continue operating 18 horizontal rigs in the Spraberry/Wolfcamp during 2016 o 14 horizontal rigs in the Northern…
January 2016 Equity Offering and Rationale Priced a public offering of the Companys common stock at 117.00 per share on January 5 Size of offering upsized from 10.5 MM shares to 12 MM shares Pioneer will receive total gross proceeds…
2015E Capital Spending and Cash Flow1 Capital program of 2.2 B (includes rig adds in 2H) Drilling Capital: 1.95 B 1,400 MM northern Spraberry/Wolfcamp (65% of total) o 1,035 MM for horizontal drilling program Sensitivity to Forward…
Targeting 15%+ Compound Annual Production Growth for 2016 - 20181 Strong growth in 2016-2018 reflects: 204 Increasing well productivity 202 203 MBOEPD Capital efficiency improvements Strong well returns Increased Q4 production…
Liquidity Position1 Pro forma net debt as of Q3 2015 (net of cash 2.1 B balance of 1.6 B) Excludes additional 500 MM to be received in July 2016 from sale of Eagle Ford Shale midstream business Unsecured credit facility availability…
Updated Q4 2015 Guidance Guidance Daily Production (MBOEPD) 213 215 Production Costs (/BOE) 11.00 13.00 Exploration & Abandonment (…
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