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Scotia Howard Weil Conference – Parsley Energy Inc.

Parsley Energy Inc. · Mar 27, 2017 · 24 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 1
    INVESTOR PRESENTATION March 2017
  2. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 2
    Sustained Production Momentum Production Momentum 4Q16 net production up 5% versus 3Q16 and 20 100 79% Y/Y 16% compound quarterly production growth 75.0 - 85.0 rate over eleven quarters as a public company(2) 16 80 Sharp…
  3. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 3
    Favorable Cost Trends LOE vs. Peers (/Boe)(1) Peer-leading operating costs driven by ongoing focus on infrastructure optimization 10.00 and buildout 9.00 8.00 Favorable Midland D&C costs holding steady 7.00 despite rising…
  4. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 4
    Expanding Premier Midland Basin Position On February 7, announced acquisition of acreage and Midland Basin Acreage(2) associated assets from Double Eagle Energy Permian LLC for 2.8 billion GAINES DAWSON BORDEN 71,000 net leasehold…
  5. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 5
    Sticking to the Sweet Spot - More than 80% of Double Overlapping Sweet Spots Geothermal Gradient Eagle net acreage inside Degrees Fahrenheit sweet spot Parsley Energy Leasehold per 1,000 Depth Acquired Leasehold - Operating control…
  6. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 6
    Superior 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 inside…
  7. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 7
    Premier Permian Portfolio Pro Forma 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…
  8. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 8
    Accelerated Development Plan Development Plan Accommodates Growing Asset Base S. Delaware and S. Delaware and Midland Basin Reagan County Acreage Expirations Glasscock County Double Eagle Midland Basin Midland Basin Divestitures…
  9. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 9
    Strong Productivity Across Asset Base Strong, repeatable well results in both Midland and Southern 4Q16 Well Summary(1) Delaware Basins Several new company records in 4Q16 Midland Delaware Highest IP24: Taylor 45-33-4601H 3,205…
  10. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 10
    Top Midland Basin Well Performance Average Gross Revenue per Lateral Foot in First Three Months ()(1) Parsley Wells Included in Analysis 450 Parsley Energy GLASSCOCK 400 MIDLAND 350 300 250 200 UPTON 150 100…
  11. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 11
    Unlocking Value in New Target Zones 2-Mile Lower Spraberry 1st Wolfcamp C Lateral Surpassed implied type curve 2-mile Wolfcamp C well posted cumulative production after company-record 30-day IP rate 240 days with very shallow…
  12. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 12
    Emerging Wolfcamp C Play NW 1 2 3 4 5 6 7 8 SE Wolfcamp C Play Fairway Map DEAN DEAN GROSS THICKNESS WC A WC A HOWARD 200 MARTIN 400 WC B 600 WC C WC B 800 400 Glasscock 1,000 1 1,200 CLINE Nose WC C MIDLAND STRAWN 2…
  13. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 13
    Record Well Results in Reeves County Outstanding Reeves County well results among highest in the company, making recent acquisition even more compelling 1st drilled well, Lincoln 4-1-4307H, posted IP30 of 1,929 Boe/d, representing…
  14. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 14
    Robust Reserve Growth Proved reserves up 80% Y/Y (oil up 85% Oil Gas NGL Total Y/Y) despite writing off remaining 18 (MMBbl) (Bcf) (MMBbl) (MMBoe) MMBoe of vertical PUD reserves PDP 59.3 121.8 23.7 103.3 Strong organic reserve…
  15. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 15
    2017 Capital Program Pulling Value Forward Production 2016A 2017E Committed to earning healthy returns on Annual Production (MBoe/d) 38.3 62 68 acquired assets via accelerated development pace % Oil 67% 68 73% Capital Program Head…
  16. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 16
    Strong Financial Position Liquidity Summary (MM) Healthy financial position supports accelerated First lien credit facility(1) 598 development program Cash on hand 765 1,363 MM of liquidity Total liquidity 1,363 Fully undrawn…
  17. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 17
    Substantial Oil Hedge Position 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 Meaningful increase in oil Parsley Energy: hedge position in view of Put Spreads (M Bbls/d)1 Put Price (/Bbl) 13.8 49.93 13.6 49.93…
  18. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 18
    Parsley Energy Overview Premier Permian Position Premier acreage Parsley Energy Leasehold Leading growth profile Robust returns Abundant resource upside Market Snapshot Strong financial position NYSE Symbol: PE Market…
  19. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 19
    Expansive, 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…
  20. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 20
    Selected Operating Data 4Q16 Three Months Ended Year Ended December 31, December 31, December 31, December 31, 2016 2015 2016 2015 Net production volumes: Oil (MBbls) 2,811 1,462 9,368 4,807 Natural gas (MMcf) 3,812 2,711 13,463…
  21. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 21
    Strong Returns Across Portfolio Type Well Returns(1) Type Well NPV(1) 120% 16 14 100% 12 Rate of Return (%) 80% NPV (MM) 10 60% 8 6 40% 4 20% 2 0% 0 40 45 50 55 60 40 45 50 55 60 Oil Price Oil Price…
  22. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 22
    Double Eagle Acquisition Detail: 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: 7,802 30-day IP: 1,347 Boe/d (80% Oil) 3 30-day IP: 1,875 Boe/d…
  23. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 23
    Double Eagle Acquisition Detail: 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:…
  24. Scotia Howard Weil Conference – Parsley Energy Inc. – slide 24
    Double Eagle Acquisition Detail: Martin and Howard 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…

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