Core Delaware Basin Pure-Play Large, contiguous core position in Southern Delaware Basin Acreage in the Oily Southern Delaware Core 38,000+ quality net acres primarily in Reeves County (1) 80%+ operated Low-risk, oil-rich base with…
Delivering on Investor Returns Macro Forecast: Improved crude oil supply-demand fundamentals Objective: Best equity performance of any U.S. Small Cap E&P through 2020 Game Plan: Maintain conservative balance sheet 2016 Maintain…
The Centennial Team Name Position Background Mark Papa Chief Executive Officer Formerly Chief Executive Officer of EOG Resources Partner, Riverstone Sean Smith Chief Operating Officer Legacy VP of Geosciences, Centennial Formerly…
Driving Operational Improvements D&C CAPEX Q3 Completed Wells (MM) (1) When analyzing D&C capital efficiency, Lateral Length (ft) Centennial continues to be a top tier 8 5,000 4,536 4,455 performer 4,500 7 4,000…
Pro Forma CRP Balance Sheet CRP Balance Sheet as of 9/30/16 Business combination between Centennial and Silver Run closed Actual Transaction Pro Forma ( in millions, unless specified) 9/30/2016 Adjustments 9/30/2016 10/11/16 Cash…
3Q 2016 Financial Results of CRP ( in millions, unless specified) Q3 2016 Average Daily Production (Boe/d) 8,903 Average Daily Oil Production (Bo/d) 6,109 % Oil 69% Average NYMEX Oil Price (/Bbl) 44.94 Average NYMEX Gas Price…
Reconciliation of Adjusted EBITDAX to Net Income for CRP Three months ended Sep 30, Nine months ended Sep 30, ( in thousands) 2016 2015 2016 2015 Net income (loss) (5,134) 3,326 (35,727) (25,282) Interest expense 1,983 1,469…
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