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Glasscock County Acquisition – Parsley Energy Inc.

Parsley Energy Inc. · Aug 19, 2016 · 10 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. Glasscock County Acquisition – Parsley Energy Inc. – slide 1
    INVESTOR PRESENTATION August 2016 Glasscock County Acquisition
  2. Glasscock County Acquisition – Parsley Energy Inc. – slide 2
    Acquisition Overview 400 MM acquisition includes: 9,140 mostly contiguous net leasehold acres in Glasscock County Mineral and overriding royalty interests translating to 5% average increase in net revenue interest (NRI)…
  3. Glasscock County Acquisition – Parsley Energy Inc. – slide 3
    Acquisition Detail - Leasehold GLASSCOCK 11,672 gross (9,140 net) leasehold acres in Glasscock County Estimated current net production of 270 Boe/d from 67 vertical wells Mostly contiguous acreage accommodates long-lateral…
  4. Glasscock County Acquisition – Parsley Energy Inc. – slide 4
    Acquisition Detail Mineral & Overriding Royalty Interests(1) Mineral and overriding royalty Illustrative Rate of Return Uplift(2) interests increase NRI by 140% approximately 5% on average 120% 100% Higher NRI translates to…
  5. Glasscock County Acquisition – Parsley Energy Inc. – slide 5
    Strong Offset Results(1) Parsleys Dwight Gooden 6-7-01AH, First Parsley Horizontal Well in Glasscock completed in the Wolfcamp A, is 120 Cumulative Production (MBoe)(2) outpacing the Companys 1 MMBoe type curve by 10% after…
  6. Glasscock County Acquisition – Parsley Energy Inc. – slide 6
    Ample Thickness Across Acquisition Acreage A A 6,500 GLASSCOCK Middle Spraberry 7,500 Lower Spraberry A Wolfcamp A 8,500 Wolfcamp B A MIDLAND 9,500 Wolfcamp C Cline TVD Favorable log characteristics from areas with strong offset wells…
  7. Glasscock County Acquisition – Parsley Energy Inc. – slide 7
    Favorable Geologic Attributes Wolfcamp Drill Depth Wolfcamp Thickness Geothermal Gradient Degrees Fahrenheit per 1,000 Depth Thickness Sweet Spot Drill Depth Sweet Spot Temperature Sweet Spot Degrees Fahrenheit per 1000…
  8. Glasscock County Acquisition – Parsley Energy Inc. – slide 8
    Strong Financial Position Liquidity Summary (MM) 734 MM of liquidity First lien borrowing base availability(1) 475 Fully undrawn borrowing base of 475 MM(1) Cash on hand 259 Favorable maturity schedule, with earliest notes Total…
  9. Glasscock County Acquisition – Parsley Energy Inc. – slide 9
    Substantial Hedge Position 2016 2017 Well-hedged for next several quarters 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 Structure of oil hedges retains full upside OIL: (1) Put Spreads (M Bbls/d) 21.8 23.5 20.5 20.2 12.0 12.0 exposure to higher…
  10. Glasscock County Acquisition – Parsley Energy Inc. – slide 10
    Parsley Energy Overview Investment Summary Premier Acreage Position(2) Leading growth profile Robust returns Strategic acquirer Strong financial position Abundant upside 2Q16 Highlights Net production up 23% Q/Q and 60%…

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