INVESTOR PRESENTATION Midland Basin Acquisition - February 2017
Expanding Premier Midland Basin Position Acquiring acreage and associated assets from Double Eagle Midland Basin Acreage(3) Energy Permian, LLC for 2.8 billion GAINES DAWSON BORDEN 71,000 net leasehold acres 3,600 net Boe/d as of…
Sticking to the Sweet Spot - More than 80% of Overlapping Sweet Spots Geothermal Gradient acquired net acreage Degrees Fahrenheit inside sweet spot Parsley Energy Leasehold per 1,000 Depth Acquired Leasehold - Operating control on…
Compelling Transaction Value / Net Acre(1) Precedent Midland Basin Transactions 60,000 MARTIN 50,000 40,000 HOWARD 30,000 GLASSCOCK 20,000 MIDLAND 10,000 0 UPTON Parsley / Double Eagle Concho /…
Preeminent Midland Basin Acreage Position Pro forma footprint represents second-largest Midland Basin net acreage position among publicly traded E&P companies MARTIN Acreage situated in the heart of the HOWARD basin, mainly…
Pro Forma Permian Powerhouse Premier Permian Position Acquisition increases net acreage by 45%, Parsley Energy Leasehold establishing commanding Permian presence Expanded scale translates to: Increased max rig count Higher peak…
Leveraging Strength in Upton and Reagan 1 5 Pegasus 3-3911H Grace 45-1-4306H Concho Parsley Wolfcamp B Wolfcamp B Lateral Length: 7,170 1 2 Lateral Length: 7,902 30-day IP: 1,347 Boe/d (80% Oil) 3 30-day IP: 1,875 Boe/d (83% Oil)…
Critical Mass in Midland and Glasscock 1 5 Pecan Acre 4SH Calverley 9-4-2H Callon RSP Permian Wolfcamp B Parsley Energy Leasehold Wolfcamp B Lateral Length: 4,644 Acquired Leasehold Lateral Length: 9,830 30-day IP: 1,002 Boe/d…
A Strong Presence in the Prolific North 1 5 Jones Holton 502H Waldron Eunice 3108WA Energen Oxy Lower Spraberry Parsley Energy Leasehold Wolfcamp A Lateral Length: 8,011 Acquired Leasehold Lateral Length: 6,760 30-day IP: 1,611…
Accelerated Pro Forma Development Plan Development Plan Accommodates Growing Asset Base S. Delaware and S. Delaware and Midland Basin Reagan County Glasscock County Double Eagle Atoka Expirations Midland Basin Midland Basin…
2017 Capital Program and Guidance Update 2017E 2017E Revised 2017 Capital Program Details Production (Prior) (Updated) Annual Production (MBoe/d) 57 63 62 68 Committed to earning healthy returns on acquired assets via accelerated…
Strong Financial Position Liquidity Summary (MM) Healthy financial position supports accelerated First lien credit facility 600 development program Cash on hand 491 1,091 MM of liquidity Total liquidity 1,091 Fully undrawn…
Substantial Oil Hedge Position 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 Meaningful increase in oil hedge Parsley Energy: position in view of anticipated Put Spreads (M Bbls/d) 1 13.8 13.6 35.7 45.5 23.3 23.1 13.0…
Strong Reserve Growth Reserve summary as of 12/31/16 Oil Gas NGL Total (audited by Netherland, Sewell & (MMBbl) (Bcf) (MMBbl) (MMBoe) Associates, Inc.) PDP 59.3 121.8 23.7 103.3 Proved reserves up 80% Y/Y (85% for PNP 1.9 2.2 0.6…
Parsley Energy Overview Investment Summary Premier Permian Position Parsley Energy Leasehold Premier acreage Strategic acquirer Leading growth profile Robust returns Market Snapshot Abundant resource upside NYSE Symbol:…
Investment Highlights APPENDIX 17
Growing, High-quality Drilling Inventory Horizontal Drilling Inventory(1) Pending acquisition adds 7,300 PE Pro Forma gross locations across currently Parsley Double Eagle Double Eagle Acquisition Acquisition counted target…
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