INVESTOR PRESENTATION January 2017 Acquisitions and Capital Program
Parsley Energy Overview Investment Summary Premier Permian Position(1) Parsley Energy Leasehold Premier acreage Strategic acquirer Leading growth profile Robust returns Market Snapshot Abundant resource upside NYSE Symbol:…
Strategic Acquisitions Supplement Premier Asset Base Significant infusion of oil-rich core acreage Summary of Acquisitions and inventory at attractive prices Parsley Energy Leasehold Acquired Leasehold 23,000 net leasehold acres and…
Acquisition Detail: Midland Basin Midland Basin Acquisitions Acquisition Highlights Abundant oil-weighted resource potential from proven development areas MIDLAND Acquired acreage generally characterized by 700-800 thick Wolfcamp…
Sticking to the Sweet Spot Acquired acreage Overlapping Sweet Spots Geothermal Gradient concentrated in basin sweet spot Degrees Fahrenheit per 1,000 Depth - Ample Wolfcamp HOWARD thickness with MARTIN differentiated multi- target…
Strong Offset Wells along Reagan-Glasscock Border 1 5 Buckner Baptist 10H Daniel SN 7-6-504H Parsley Energy Leasehold Encana Energen Acquired Leasehold Upper Wolfcamp B 5 Lower Spraberry Lateral Length: 7,290 Lateral Length:…
Acquisition Detail: Southern Delaware Basin Leasehold and Working Interest Acquisitions Parsley Energy Leasehold Complementary additions to Southern Delaware acreage Acquired Leasehold portfolio 6,602 gross / 5,157 net leasehold…
Strong Well Results in East Reeves County 1 5 Lincoln 4-1-4307H Evergreen 12-1H Parsley Apache Wolfcamp A Wolfcamp A Lateral Length: 6,890 Lateral Length: 5,898 30-day IP: 1,599 Boe/d (75% Oil)(1) 30-day IP: 1,025 Boe/d (85% Oil)(1)…
2017 Capital Program Pulling Value Forward Committed to earning healthy returns on acquired assets via Production 2016E 2017E accelerated development pace Annual Production (MBoe/d) 37 39 57 63 Anticipate 75% increase in net lateral…
2017 Capital Program Margin Expansion Potential Average Lateral Length (Feet) D&C Cost per Net Completed Lateral Foot(1) 8,000 1,600 6,000 1,200 4,000 8,000 800 7,000 1,307 6,432 2,000 400 775 737 0 0 2015 2016E 2017E…
Strong Financial Position Liquidity Summary (MM) Healthy financial position supports accelerated First lien credit facility 600 development program Cash on hand 471 Total liquidity 1,071 1,071 MM of liquidity Fully undrawn…
Substantial Hedge Position 2017 2018 Meaningful increase in oil hedge position 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 in view of anticipated production OIL: growth Put Spreads (M Bbls/d)(1) 13.8 13.6 35.7 45.5 23.3 13.2 Put Price (/Bbl)…
Investment Highlights Expect 58% year-over-year production growth in 2017 based on midpoint of guidance Leading Growth Profile 17% compound quarterly production growth rate over ten quarters as a public company Wolfcamp wells…
Growing, High-quality Drilling Inventory Horizontal Drilling Inventory(1) Acquisitions announced on 1/10/2017 add over 650 gross locations across currently counted target Gross Net Wells per Section intervals Midland Basin…
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