Skip to main content Acquisition of Brigham Assets – Diamondback Energy, Inc. Investor Presentation | Shale Experts
Loading...
Pm

Acquisition of Brigham Assets – Diamondback Energy, Inc.

Diamondback Energy, Inc. · Dec 16, 2016 · 20 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. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 1
    Investor Presentation Pending Acquisition of Brigham Assets December 2016
  2. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 2
    Transformational Acquisition in the Core of the Southern Delaware Basin Doubling Tier 1 acreage position at an attractive price De-risked acreage by 48+ producing horizontal wells across 4 distinct intervals Wolfcamp A EURs are…
  3. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 3
    Strategic Acquisition Consistent with Diamondbacks Strategy Recently signed agreement to acquire 76,319 net acres Delaware Basin Map primarily in Pecos and Reeves Counties for 2,428MM from Brigham Operating, LLC and Brigham Resources…
  4. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 4
    Increased Size, Scale and Core Inventory Pro Forma Permian Net Acres 105,787 76,319 182,106 Current Production (Mboe/d)(1) 44.9 (73% oil) 9.5 (77% oil) 54.4 (74% oil) 2017E Production (Mboe/d)(2) 52.0 58.0 12.0 15.0(3) 64.0…
  5. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 5
    Adding a Sixth Core Area - Multi-Year Inventory Focused on Long Lateral Development Midland County Martin / Andrews counties 982 gross locations 532 gross locations Middle Spraberry 6 wells / section Middle Spraberry 6 wells / section…
  6. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 6
    Acquisition Stacks Up Well with Our Current Inventory Diamondback Midland County Lower Spraberry vs Wolfcamp A in Delaware and Lower Assumed Pecos County Wolfcamp A Type Curve(1) Spraberry in Midland driving company production growth…
  7. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 7
    Differentiated, Balanced Inventory in Midland and Delaware Basins Acquisition Spacing Assumptions Versus Peers Contiguous acreage positions provides significant development advantage Brigham Peer 1 Peer 2 Peer 3 1st Bone Spring Long…
  8. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 8
    De-Risked Prolific Wolfcamp A Acreage Acquisition Across Entire Block Brigham Well Results Norm IP30 (Boe/d/1,000) Wolfcamp A Shaffrath 26 1H Norm IP30 Peak 30 (per 1,000): 211 Boe/d (88% oil) Boe/d/1000 Lateral Length:…
  9. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 9
    Proven Economic Results in 3 Additional Zones Brigham Well Results Norm IP30 (Boe/d/1,000) Wolfcamp B 2nd Bone Spring 3rd Bone Spring Norm IP30 Boe/d/1000 Armstrong State 4 1H Peak 30 (per 1,000): 126 Boe/d (87%…
  10. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 10
    Pecos County Compares Favorably to Midland Basin and Reeves Co. 1 Brigham Type Log 2 ReWard Type Log(1) 3 Spanish Trail Type Log Avalon Shale Avalon Shale Lower Clearfork Shale Upper 1st Bone Spring Upper 1st Bone Spring Upper…
  11. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 11
    Southern Delaware Geology Indicates Prolific Reservoir Wolfcamp A Structure Map (SSTVD) Wolfcamp A Shale Isopach Map Acreage located in southern Delaware Basin, along the structural axis Wolfcamp A depocenter thicker shale, more…
  12. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 12
    Well Positioned Core Acreage Position at Attractive Price Selected Southern Delaware Basin Transactions in 2H 2016 RSPP/Silver Hill 10/2016 Purchase price: 2,544mm Production, net: 15,000 boe/d (69% oil) Acreage: 41,000 Adj.…
  13. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 13
    Superior Execution and Cost Control Promotes Full Cycle Returns Drilling Cost Reductions (/Completed Lateral Ft)(1) Completion Cost Reductions (/Completed Lateral Ft)(1) 479 593 334 374 297 293 236 202 2014 2015 1H 2016…
  14. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 14
    Strong Margins and Balance Sheet Operating Expenses Below Peer Average (/boe)(1) Diamondback YTD Unhedged Cash Margin (/boe)(2) Peers Net Debt to TTM Adjusted EBITDA(1)(3) 20.91 21.30 15.37 15.34 16.00 12.22 11.77 Peer Avg: 2.0x…
  15. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 15
    Acquisition Provides Complementary Mineral Interest Acreage and Midstream Assets Mineral Acreage Midstream AssetsAssets Diamondback Acreage Diamondback Acreage Mineral interest Existing Gas Pipeline Existing HP Gas Pipeline Future…
  16. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 16
    Successful Track Record of Strong Acquisition History and Leading Growth 5,000 50,000 Southern Delaware 2,428 million 4,000 40,000 Net Production (Boe/ d) Acquisitions (mm) 3,000 Southern Delaware 30,000 560 million…
  17. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 17
    Efficiently Converting Resource Into Cash Flow Well productivity and low cost operations promote timely payback At strip pricing, 7,500 ft Midland Co. Lower Spraberry wells payback 97% of cash costs in the first year of production…
  18. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 18
    2017 Pro forma Guidance Pro Forma Production (Mboe/d) 64.0 73.0 Gross Horizontal Well Cost Midland 5.0 5.5MM Gross Horizontal Well Cost Delaware 6.0 7.5MM Rigs Running 6 10 Capex Budget 700 900MM Pro forma for the…
  19. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 19
    Doubling Tier 1 acreage position at an attractive price De-risked acreage by 48+ producing horizontal wells across 4 distinct intervals Wolfcamp A EURs are in top quartile of Diamondbacks existing portfolio; IRRs 100%(1)(2)…
  20. Acquisition of Brigham Assets – Diamondback Energy, Inc. – slide 20
    Diamondback Energy Corporate Headquarters Adam Lawlis, Investor Relations 500 West Texas Ave., Suite 1200 (432) 221-7400 Midland, TX 79701 irdiamondbackenergy.com www.diamondbackenergy.com

From the store

Browse maps, data & reports in the Shale Experts store