Centennial Resource Development overview Core Delaware Basin Pure-Play In October 2016, Centennial consummated the acquisition of approximately 89% of the outstanding membership interests in CRP Q4 2016 Corporate highlights In…
Centennial 2020 Game Plan Delivering on investor returns through operational outperformance Objective: Best equity performance of any U.S. Mid Cap E&P through 2020 Selectively pursue transformative acquisition in Permian 2016…
Transformative acquisition drives shift to execution Centennial primed for execution following the successful integration of Silverback: P 76,000 contiguous net acres, primarily located in the core of Reeves County Scale Currently…
Silverback acquisition supported by strong well results, delineated across acreage position Most recent results with 30+ days production Well locator map Silverback well results First production IP 30 Oil IP 30 Lateral length Well name…
Recent Silverback well results have outperformed the average of 2015-2016 CDEV wells on an oil and oil equivalent basis Cumulative production plots (normalized to 7,500 lateral length) for wells with first production in Q4 20161…
Balanced portfolio: Resource and returns Projected EURs for recent well results on Centennial and Legacy Silverback acreage1 Average EUR Average EUR / Average Oil EUR Average Oil EUR / Lateral length (Mboe) 1,000 (Mboe) (Mbo) 1,000…
Conservative inventory of operated, extended lateral locations with additional upside potential through downspacing Gross horizontal location inventory summary Inventory allocation Operated Non-operated Total Operated vs.…
Summary 2016 Financial Results Financial summary ( 000s) Successor Predecessor Combined October 11, 2016 through January 1, 2016 through December 31, 2016 October 10, 2016 Year ended December 31, 2016 Average daily production…
Strong balance sheet provides significant financial flexibility As of December 31, 2016, Centennial had no debt outstanding and a total of 134mm in cash and cash equivalents on the balance sheet1 Concurrent with the closing of the…
Review of Centennial equity capital structure 1 On March 1, 2017, Centennial delivered a notice of redemption for all Review of cashless exercise of warrants its outstanding warrants originally sold as part of units in its initial…
2017 Guidance Summary CDEV is currently running 5 rigs, 1 additional rig expected 2017 FY Guidance in late Q2 2017 Net Average Daily Production (Boe/d) 22,500 - 26,500 Production guidance points to Centennials robust near- Oil Net…
The Centennial Strategy Delivering shareholder returns: Best-in-class production growth High quality asset in one of the worlds premier basins Technical leadership in mid-cap space Upside associated with Avalon and Bone Spring…
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