Parsley Energy Overview Poised to Outperform post-OPEC Premier Acreage Position(1) Parsley Energy Leasehold Faster production ramp Ongoing resource expansion Advantaged takeaway arrangements Strong financial profile Market…
Sustained Production Momentum Production Momentum 3Q16 production up 20% versus 2Q16 15 50 In November, raised FY16 guidance for third 43.0 time this year, from 36.0-38.0 to 37.039.0 MBoe/d 12 40 35.7 17% compound quarterly…
Ongoing Cost Compression LOE vs. Peers (/Boe)(1) LOE per Boe down for the 6th consecutive 10.00 quarter 9.00 Peer-leading operating costs driven by 8.00 continuous focus on infrastructure 7.00 optimization and buildout 6.00…
Differentiated Wolfcamp Thickness Supports Resource Expansion Added 550 gross / 450 net drilling locations in second Wolfcamp A&B Gross Thickness (upper) Wolfcamp B…
Two Strong Wolfcamp B Targets Across Acreage 250 Standalone Upper Wolfcamp B locations have outperformed the 1 MMBoe type curve by 9% at 360-day mark 225 Outperformance is 17% when excluding wells drilled prior to June 1, 2015…
Promising Results from First 3-Well Stacked Pad Strong results from first set of simultaneously Upper WC B Well Records 2nd Highest Company 24-Hr IP completed, stacked wells in the Wolfcamp A, Upper Wolfcamp B, and Lower Wolfcamp B…
Significant Resource Expansion Potential 800-900 gross thickness in Wolfcamp A&B affords 600-700 between top and bottom targets, each with 200- 250 vertical separation Wolfcamp A may support a second landing zone given thickness…
Positioned for Leading Growth Sufficient inventory depth, acreage footprint, and Increasing Stimulated Lateral Lengths operational capacity to increase rig count 8,000 Avg. Stimulated Lateral Length (Ft.) Robust return profile…
Strong Productivity Across Asset Base New and existing wells continue to outperform 1 MMBoe 3Q16 Well Summary type curve in Midland and Southern Delaware Basins Strengthening early rates on Midland Basin wells: Midland Delaware…
Design Modifications Boosting Midland Basin Well Results Dusek 45-4-2807H: 2-Mile Lower Spraberry Positive Trend for 2-mile Spraberry Lateral Producing 800+ Bo/d after 90 days with a flat production 1,250 Daily Production…
Impressive New Wells in Southern Delaware Basin Evolving drilling and completion design boosting productivity relative to strong initial wells West: First Parsley-drilled lateral in Reeves County, WEST EAST Lincoln 4-1-4307H,…
Strong Financial Position(1) Liquidity Summary (MM) Entered new revolving credit agreement that First lien credit facility 600 increases borrowing base from 475 MM to 900 MM, Cash on hand 201 with elected commitment of 600 MM Total…
Substantial Hedge Position 2016 2017 2018 Well-hedged for next several quarters 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 Structure of oil hedges retains full OIL: (1) Put Spreads (M Bbls/d) 23.5 20.5 20.2 35.7 45.5 23.3 6.6 upside…
2016 Guidance Production Previous Updated 11/2/16 In November, raised FY16 production Production (MBoe/d) 36.0 38.0 37.0 39.0 guidance to 37.0-39.0 MBoe/d % Oil 65 70% 65 70% Capital Program Lowered FY16 LOE per Boe guidance to…
Investment Highlights Expect 72% year-over-year production growth based on midpoint of updated 2016 guidance Leading Growth Profile 17% compound quarterly production growth rate over ten quarters as a public company Wolfcamp…
Investment Highlights APPENDIX 17
Growing, High-quality Drilling Inventory Horizontal Drilling Inventory(1) Added 550 Wolfcamp B locations in the Midland Basin Gross Net Wells per Section Midland Basin Ample running room with nearly 1,800 Midland Basin Wolfcamp A…
Strategic Glasscock County Acquisition 390 MM acquisition closed on October 4, 2016 includes: 9,000 mostly contiguous net leasehold acres in Glasscock County accommodating long-lateral development Midland Basin 300 gross…
Favorable Reservoir Attributes Parsley acreage in Overlapping Sweet Spot Geothermal Gradient Wolfcamp sweet spot: Degrees Fahrenheit - Ample thickness, with per 1,000 Depth differentiated multi- HOWARD target potential in MARTIN…
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 3Q16 Parsley Energy, Inc. and Subsidiaries Selected Operating Data (Unaudited) Three Months Ended September 30, June 30, September 30, 2016 2016 2015 Net production volumes: Oil (MBbls) 2,669 2,157…
Loading...
