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%…
Ongoing Production Momentum In August, raised 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%…
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…
Glasscock County Acquisition Overview 400 MM acquisition includes: 9,140 mostly contiguous net leasehold acres in Glasscock County 240 gross horizontal drilling locations in primary target intervals (Lower Spraberry, Wolfcamp A,…
Glasscock Acquisition Detail 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 higher ROR…
Compelling Acquisitions Year-to-Date Acquired 42,000 net leasehold acres in 1H16 for 17,000 per acre(1) Also acquired more than 5,000 net royalty acres Large, distributed acreage position supports future growth potential…
Mineral and Surface Rights Enhance Asset Value 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…
Favorable Initial Results on Acquired Reeves County Acreage Southern Delaware Well Results First Parsley-completed well on recently 150 acquired acreage in Reeves County on pace Cumulative Production (MBoe)(1) with strong Trees…
Attractive Well Economics across Acreage Portfolio Wolfcamp Returns(1) First-rate productivity and low costs yield attractive 140% economics in both the 120% Midland and Southern Rate of Return (%) 100% Delaware Basins…
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) 734 MM of liquidity First lien borrowing base availability 475 Fully undrawn borrowing base of 475 MM Cash on hand 259 Favorable maturity schedule, with earliest notes Total liquidity…
Substantial Hedge Position 2016 2017 2018 Well-hedged for next several quarters 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 OIL: Structure of oil hedges retains full Put Spreads (M Bbls/d)(1) 21.8 23.5 20.5 20.2 16.1 16.1 4.2 upside…
2016 Guidance Production Previous Updated 8/3/2016 Completing 15 more horizontal wells on just 50 MM capex increase(1) Production (MBoe/d) 31.5 34.5 36.0 38.0 Gross Horizontal Completions % Oil 65 70% 65 70% 21% Increase at…
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…
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 19
Glasscock 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…
Glasscock Acquisition - 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…
Glasscock Acquisition - Ample Thickness Across 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…
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…
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…
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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