Core Oil Southern Delaware Basin Scotia Howard Weil Energy Conference March 28, 2017
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…
Centennial Resource Development Overview Core Delaware Basin Pure-Play Large, contiguous position located in oil-window of Southern Delaware Basin 76,000 net acres primarily in Reeves County 85% operated Core acquired Silverback…
2017 Guidance Summary Delivering on Centennials 2020 Game Plan 2017 Total Capital Expenditure Budget (500MM 585MM)(1) Expect to deliver peer-leading production growth in 2017 13 155% increase in oil production 60 D&C Capital 190%…
Silverback Acquisition Supported by Strong Well Results, Delineated Across Acreage Position Added 35,500 net acres through the Silverback Well Locator Map acquisition Closed on December 28, 2016 Transforms Centennial into one of…
Consistent Well Results Across Centennials Acreage Projected average IRRs at various flat price decks assuming actual / field estimated drilling and completion costs(1)(2) 88% 87% 70% 71% 57% 54% 44% 41% 50.00 /…
Redemption of Public Warrants Simplifying Centennials Capital Structure In February 2016, Silver Run issued 16.7MM Public Warrants in connection with its IPO On March 1, 2017, Centennial delivered a notice of redemption to holders of…
Centennial Provides Investors with Peer Leading Growth Combined with Best-In-Class Leverage Metrics Est. Cash Flow Per Debt-Adjusted Share Growth Net Debt / TTM Adjusted EBITDAX(2) (2-Year CAGR)(1) 4.1x 105% 3.3x 2.7x…
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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