Skip to main content January 2016 Investor Presentation – Parsley Energy Inc. | Shale Experts
Loading...
Pm

January 2016 Investor Presentation – Parsley Energy Inc.

Parsley Energy Inc. · Jan 11, 2016 · 19 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. January 2016 Investor Presentation – Parsley Energy Inc. – slide 1
    INVESTOR PRESENTATION January 2016
  2. January 2016 Investor Presentation – Parsley Energy Inc. – slide 2
    Parsley Energy Overview Market Snapshot 3Q15 Production Premier Acreage Position NYSE Symbol: PE 3Q15 Production: 21.6 MBoe/d Market Cap: 2,851 MM(1) 3Q15 Production Mix Net Debt: 353 MM(2) Oil: 58% Enterprise Value: 3,204 MM Natural…
  3. January 2016 Investor Presentation – Parsley Energy Inc. – slide 3
    Bolt-on Acquisition Expands Core Asset Base Acquisition announced 12/9/2015 added approximately 5,300 net acres with 238 net horizontal drilling locations in the core of the Midland Basin for approximately 148.5 million Average…
  4. January 2016 Investor Presentation – Parsley Energy Inc. – slide 4
    Acquired Properties in Center of Focus Area Peer-leading Wolfcamp A/B production tracking above the 1 MMBoe EUR type curve 250 200 Cumulative Production (MBoe)(1) 150 100 Closest Parsley offset wells display favorable…
  5. January 2016 Investor Presentation – Parsley Energy Inc. – slide 5
    Production Momentum Building Strong production trend, Production up month-by- with Q3 up 41% Y/Y and month in Q3 on back- 30 12 down just 3% Q/Q despite weighted completion lower Q2 activity schedule 25 10 20 8 Net…
  6. January 2016 Investor Presentation – Parsley Energy Inc. – slide 6
    High-grading Asset Base Strategic high-gradingacquisitions, divestitures, and tradeshas netted 265 net horizontal drilling locations and 70 lateral extensions by A 2,500 on average since the beginning of 2Q15 NET LATERAL CASH…
  7. January 2016 Investor Presentation – Parsley Energy Inc. – slide 7
    Durable, High-quality Drilling Inventory High-grading Horizontal Drilling Inventory 97% of horizontal inventory located in Focus Area 80% High average working interest of 85% across entire horizontal 77% drilling inventory…
  8. January 2016 Investor Presentation – Parsley Energy Inc. – slide 8
    Ongoing Cycle-Time Compression Cycle times trending lower with significant upside remaining based on 3Q15 progress and first pad and record single-well data points. Frac Stages per Day Spud to Total Depth Days per 1,000 Lateral(1)…
  9. January 2016 Investor Presentation – Parsley Energy Inc. – slide 9
    Promising Pad Results Point to Lower Times and Costs Char Hughes Lease First two pad wells shaved several days off drill times and Drilling & Completion Costs(1) approximately 2 million off completed well costs versus 8 single wells…
  10. January 2016 Investor Presentation – Parsley Energy Inc. – slide 10
    Efficiencies Translating to Lower Costs Completions Average Cost per Stage Pronounced downtrend in drilling costs and completion costs 80 70 Expect lower Q4 drilling and completion costs based 60 on intra-quarter progress in Q3 and…
  11. January 2016 Investor Presentation – Parsley Energy Inc. – slide 11
    Lower Costs Driving Higher Returns and NPV Drilling and completion costs down 25% from 4Q14 peak Drilling and Completion Costs(2) -25% Peer-leading Wolfcamp wells and improving costs and cycle times generate 30%+ returns at strip…
  12. January 2016 Investor Presentation – Parsley Energy Inc. – slide 12
    Peer-leading Wolfcamp Wells Parsleys Wolfcamp A/B wells have the highest 30-day initial production (IP) rates and 180-day cumulative production among peers 160 200 140 175 180-Day Cumulative Production (MBoe) 120 150…
  13. January 2016 Investor Presentation – Parsley Energy Inc. – slide 13
    Well-positioned in the Spraberry Shale North Midland County North Upton County Expect similar rock quality in central portion of the Midland Basin as in west side of the Basin Logs suggest the Lower Spraberry has similar source…
  14. January 2016 Investor Presentation – Parsley Energy Inc. – slide 14
    Unlocking Value in the Southern Delaware Appraising horizontal potential of 30,000 net acre Trees Ranch prospect in the Southern Delaware Basin Activity converging on Parsleys acreage, with notable operators running rigs in the…
  15. January 2016 Investor Presentation – Parsley Energy Inc. – slide 15
    2015 Guidance Summary 2015 Capital Program 2015 Production Guidance Drilling & Completion (MM) 285 - 325 +55% Y/Y Infrastructure & Facilities (MM) 40 - 50 Total Capital Expenditures (MM) 325 - 375 25 21.5-22.5 Gross Horizontal Wells…
  16. January 2016 Investor Presentation – Parsley Energy Inc. – slide 16
    Strong Balance Sheet to Fund Leading Production Growth 818 million of liquidity after giving effect to increased borrowing Liquidity Summary (MM) base, recent divestiture, as well as the acquisition and equity offering announced…
  17. January 2016 Investor Presentation – Parsley Energy Inc. – slide 17
    Substantial Hedge Position Protects Cash Flows Most of estimated 2016 oil production hedged and 2015 2016 2017 meaningful 2017 position established 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 Put Spreads (MBbls/d)(2) 12.4 17.5 18.8…
  18. January 2016 Investor Presentation – Parsley Energy Inc. – slide 18
    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 Reserves reflect voluntary removal of 14 MMBoe of reserves associated with potential vertical well…
  19. January 2016 Investor Presentation – Parsley Energy Inc. – slide 19
    Investment Highlights Premier Midland Basin acreage, with favorable combination of depth, thickness, and thermal maturity Superior Well Peer-leading Wolfcamp A/B results outpacing 1 MMBoe EUR type curve; 30-day IP rates and 180-day…

From the store

Browse maps, data & reports in the Shale Experts store