Parsley Energy Investment Summary Market Snapshot 2Q16 Production Premier Acreage Position NYSE Symbol: PE 2Q16 Production: 35.7 MBoe/d Market Cap: 5,526 MM(1) 2Q16 Production Mix Net Debt: 561 MM(2) Oil: 66% Enterprise Value: 6,087 MM…
Ongoing Production Momentum Raising midpoint of full-year 2016 production guidance by 4,000 Boe/d New guidance implies 68% year-over-year production growth at the midpoint, with oil production up 90% year-over-year 16% compound…
Compelling Acquisitions in 2016 Acquired 33,000 net leasehold acres in 1H16 for 12,000 per acre(1) Acquired 30,000 net mineral acres for 8,000 per acre(2) Large, distributed acreage position supports future growth…
Minerals Acquisition Enhances Well Economics Mineral rights acquisition closed in July 2016 Average NRI increases from 75% to 92.5% on affected acreage Running one rig for one year, higher NRI adds 400 MBoe and 16 MM cash…
Positioned for Leading Production Growth 2016-2018 Production CAGR Sensitivity 12 11 Potential 2016-2018 Production CAGR(1) 60% 10 Horizontal Rig Count 9 8 7 6 30% 5 4 2016 2017 2018 +1 Rig / Year +2…
Strong Production Trends Across Acreage Portfolio 225 Wolfcamp wells in both Midland Basin and Southern Delaware Basin outpacing respective type curves 200 Southern Delaware type curve implies higher first year production than…
Favorable Development Cost Trends Midland Basin Drilling & Completion Costs (MM)(1) 6.5 Continuing to drive down Midland Basin 6.0 D&C costs 5.5 5.2 4.8 Substantial portion of cost savings attributable to streamlined drilling…
Pads Support Improved Costs and Productivity Cost and Efficiencies Estimated Project Economics: 3-Well Pad vs. 3 Single Wells(1) +12% +6 Increase in Project Rate of Return Increase in Project NPV (MM) Estimate 1 MM savings…
Attractive Well Economics Wolfcamp Returns First-rate productivity and costs yields attractive 140% economics in both the 120% Midland and Southern Rate of Return (%) 100% Delaware Basins 80% 60% 40% Strip Prices…
Favorable Initial Results on Acquired Reeves County Acreage Southern Delaware Well Results First Parsley-completed well on recently 150 Cumulative Production (MBoe)(1) acquired acreage in Reeves County is 125 outperforming the…
Significant Inventory Upside Stacked Pay Potential in the Southern Delaware Basin Gross / Net Assumed Wells Average Lateral Parsley well data, petrophysical analysis, and Hz Locations per Section Length offset results point to four…
Strong Financial Position Liquidity Summary (MM) 714 MM of liquidity First lien borrowing base availability 525 Fully undrawn borrowing base of 525 MM Cash on hand 189 Favorable maturity schedule, with earliest notes Total liquidity…
Substantial Hedge Position 2016 2017 Well-hedged for next several quarters 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 OIL: Structure of oil hedges retains full upside (1) Put Spreads (M Bbls/d) 21.8 23.5 20.5 20.2 12.0 12.0 exposure to higher…
2016 Guidance Update Production Previous Updated 8/3/2016 Completing 15 more horizontal wells on just 50 MM capex increase Production (MBoe/d) 31.5 34.5 36.0 38.0 Gross Horizontal Completions % Oil 65 70% 65 70% 21% Increase at…
Investment Highlights Expect 68% year-over-year production growth based on midpoint of 2016 guidance Leading Growth Profile 16% compound quarterly production growth rate over nine quarters as a public company Wolfcamp wells…
Investment Highlights APPENDIX 18
Prepared for Southern Delaware Rig Ramp Marketing Ample options for immediate gas 60 MMcf/d Gas Plant 200 MMcf/d Gas Plant 150 MBo/d Oil Transfer Line and oil takeaway with nearby Waha Gas Hub and high-capacity oil transmission…
Durable, High-quality Drilling Inventory Ample running room with more than 1,100 Midland Basin Wolfcamp Midland Basin Horizontal A and Wolfcamp B drilling locations alone Inventory Distribution Inventory upside from upper Wolfcamp B…
Selected Operating Data Parsley Energy, Inc. Selected Operating Data (Unaudited) Three Months Ended June 30, March 31, June 30, 2016 2016 2015 Net production volumes: Oil (MBbls) 2,157 1,731 1,183 Natural gas (MMcf) 3,154…
Adjusted EBITDAX Parsley Energy, Inc. Adjusted EBITDAX (Unaudited, in thousands) Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Adjusted EBITDAX reconciliation to net loss: Net loss attributable to…
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