Concho Resources Premier Permian Assets Strategic acreage position in the Permian Basin New Mexico Shelf 1.1 million gross (700,000 net) acres Core areas in the Delaware Basin, Midland Basin and New Mexico Shelf High-quality,…
Conchos Strategy Focused on Creating Value Highly technical, motivated team People Legacy of successful consolidation in the Permian Basin High-quality assets in the Delaware Basin, Midland Basin & New Mexico Shelf Assets…
Opportunistic and Disciplined Portfolio Management 2016 Year-to-Date Acquisitions Strategic Consolidation Consistent with Our Strategy New Mexico Shelf Expands core areas 68k net acres acquired in core areas Complementary acreage…
Growth Outlook High-Quality Assets Enable Multi-Year Growth within Cash Flows Visible Growth from High-Quality Assets 2016 exceeding expectations due to enhanced capital efficiency Drilling efficiencies Completion optimization…
Prudent Capital Management & Cost Control Driving Structural Margin Improvement Reducing Absolute Debt Maintaining Focus on Cost Control Long-Term Debt (bn) LOE per Boe Cash G&A per Boe Interest Expense per Boe 3.8 14.53 13.06…
Executing a Disciplined Capital Program Preserving Financial Strength; Improving Capital Productivity Capital Discipline Spending Within Cash Flows (mm) Uniquely Positions Drilling & Completion Operating Cash Settlements Production…
2017 Capital Program Capital-Efficient Growth & Value Creation Maximizing Scale 2017 Capital Program Extending Efficiency Gains Advantage through Rig Count Balanced Capital Total capital program: 1.4bn to 1.6bn1 19 Allocation 18…
Northern Delaware Basin Industry-Leading Exposure to Prolific Stacked Resource 3Q16 Results 355,000 gross (250,000 net) acres Delivered record well performance Added 22 horizontal wells (avg. lateral length 5,532) 4 Horizontal…
Northern Delaware Basin Red Hills Area Oil-Rich, Multi-Zone Resource Potential Acquisition Adds Scale, High-Quality Inventory Red Hills Avalon Shale 240 Avalon Density Test 200 (Monet) Avg. 2016 Avg. Avg. Cumulative…
Southern Delaware Basin Core Position in Rapidly Advancing Oil Play 3Q16 Results 200,000 gross (125,000 net) acres Delivered record well performance Added 5 horizontal wells (avg. lateral length 7,474) 4 Horizontal Rigs Avg. 30-day…
Midland Basin Stacked Density Pilot Operational Efficiencies Maximizing Recoveries Midland Basin Windham Density Pilot Lower Spraberry 8-wells with 660 same zone spacing 720 4 wells targeting Lower Spraberry Wolfcamp B 4 wells…
Key Messages Consistent Execution of Our Strategy High-quality, balanced asset base in the Permian Disciplined capital program; invested within cash flows and derivative settlements for fifth consecutive quarter Enhancing capital…
Appendix
Operating Cash Flows & Cash Settlements from Derivatives (Unaudited) The following table summarizes operating cash flows and cash settlements from derivatives for the periods indicated: Three Months Ended September 30, June 30,…
Costs Incurred (Unaudited) The following table summarizes costs incurred for oil and natural gas producing activities for the periods indicated: Three Months Ended September 30, June 30, March 31, December 31, September 30, June 30,…
Hedge Position 2017 OIL HEDGES 2016 2017 2018 67.6 MBopd Fourth Quarter First Second Third Fourth Total Total 1 Oil Swaps : Volume (Bbl) 5,054,000 7,020,870 6,348,480 5,854,370 5,465,080 24,688,800 19,046,124 Price per Bbl 59.38…
2016 Operational & Financial Outlook 2016 Guidance 4Q16 OUTLOOK Production 164 to 167 MBoepd Annual growth 5% Oil mix 61% Price realizations, excluding commodity derivatives Crude oil differential to NYMEX (per Bbl) (3.50) -…
Loading...
