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Scotia Howard Weil Conference – Jagged Peak Energy Inc

Jagged Peak Energy Inc · Mar 28, 2017 · 21 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 – Jagged Peak Energy Inc – slide 1
    Investor Presentation March 2017
  2. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 2
    Jagged Peak A Delaware Basin Leader 68,416 highly contiguous net acres in the oil rich core of the Southern Delaware Basin 1,349 identified drilling locations across 4 proven benches Current oil production of 10,510 Bo/d (1) +62%…
  3. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 3
    Company Highlights Large, contiguous position in the thick, oil-saturated, favorably over-pressured core of the Delaware Basin Year-end 2016 acreage increased to 66,393 net acres further increased during 1Q17 to 68,416 net acres…
  4. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 4
    Track Record of Oil-Weighted Reserves Growth 2016 total proved reserves increased 190% Total Reserves Growth (1) year-over-year to 37.7 MMBoe 91% liquids 190% Growth 38% proved developed 37.7 Impressive reserves growth…
  5. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 5
    2016 Achievements Set Up Promising 2017E (1) Jagged Peaks spud to rig release time has Drilling Days Improvement decreased 21 days per well since 2015 Drilling Days, Spud to Rig Release 50 D&C capex / 1,000 completed feet has fallen…
  6. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 6
    Peer Leading Growth and Cost Structure FY2017 Guidance Production Growth (1) FY2016 LOE ( / Boe) (2) 238% 7.86 6.88 191% 203% 5.81 Peer Average: 5.67 / Boe 5.23 4.93 4.73 4.23 3.65 88% Peer Average: 70% growth…
  7. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 7
    Significant Upside Beyond Target Zones Currently targeting the well- Whiskey River Ligon Ranch 2-5 delineated Upper / Lower (U/L) Current Zone Wolfcamp A, Wolfcamp B and 3rd Upside Zone Bone Spring Well delineated across the…
  8. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 8
    Positioned in the Core Oil Window of the Southern Delaware Deep, Over-Pressured, Oil-Rich Window Structure Map Project Areas Cochise Whiskey River Big Tex Cochise Current Acres (net) 13,319 33,144 21,953 Current Target 244 894 211…
  9. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 9
    Substantial Reservoir Thickness Across Acreage Position Cochise Whiskey River Big Tex Isopach Map 3rd Bone Spring Sand thru Wolfcamp B JAG Acreage Cross Section Oil Cut Isopach 3rd Bone Spring thru Wolfcamp B (ft) Cochise…
  10. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 10
    Incredibly Thick Oil Column Significant upside beyond current target zones Cochise-Univ. 2801 Whiskey River-Ligon Ranch 2-5 Big Tex-BTS 501 2801 LIGON RANCH 2 BIG TEX SOUTH POR_OIL POR_OIL POR_OIL 0.3 0 Current OOIP: 74 MMbo/sec…
  11. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 11
    Pushing The Play To The East, Testing Spacing 3rd Bone Spring - Wolfcamp B Gross Isopach Operational Highlights Successful delineation of the eastern edge of the Wolfcamp play continues with first production from the Chupacabra 1213-7…
  12. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 12
    Big Tex Artificial Lift Improvements 3rd Bone Spring - Wolfcamp B Gross Isopach State Neal Lethco 3427 Wells SNL A3427 (7,676 completed lateral) producing 558 Bo/d (7-day average) after ESP install SNL B3427 (7,357 completed lateral)…
  13. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 13
    Wolfcamp B Outperforming Type Curve Wolfcamp B Gross Isopach State Eiland 9-33 Production Highly Prospective Wolfcamp B interval is present across majority of Jagged Peak acreage position Up to 625 gross isopach thickness State…
  14. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 14
    Scalable, Operated Infrastructure in Place Designed to meet future production needs with cost reduction in mind Water System Key Features 6 operated SWD wells with 105 Mbw/d disposal capacity provides ample capacity for expected ramp…
  15. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 15
    Strong Financial Position Focus on financial flexibility Maintain conservative capital structure and liquidity Capitalization Table Fund growth with IPO proceeds, cash flow and revolver Target debt /…
  16. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 16
    Full Year 2017 Guidance Development Program Highlights Full Year 2017 Guidance Summary 2017 capital focused on increasing production 2017 Guidance Range and maintaining leasehold acreage Production Average Daily Production (Boe/d)…
  17. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 17
    Jagged Peak is Positioned for Growth Premier, Contiguous Acreage Position in the Oil Core of the Delaware Basin Stacked Pay with Significant Horizontal Inventory Low-Cost Operator Disciplined Financial Approach Proven…
  18. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 18
    Deep Drilling Inventory With Long Laterals 1,349 Current Target Drilling Locations in Well Delineated Formations Identified Locations by Formation Horizons Framework Avalon & Brushy 1st Bone Spring 302 1,349 400+…
  19. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 19
    Fourth Quarter and Full Year Operating Results 4Q15 4Q16 % Change FY2015 FY2016 % Change Average Daily Production Oil (MBo/d) 2.8 5.3 90% 2.0 4.6 136% NGL (MBbl/d) 0.3 0.6 67% 0.2 0.5 117% Gas (MMcf/d) 1.5 3.1 111% 1.1 2.6 135%…
  20. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 20
    Oil Hedging Overview Maintain a multi-year rolling hedge program to protect cash flow and support capital program Current Midland / Cushing Basis Swaps outstanding of 1,000 Bbls/d at (1.39) / Bbl for FY 2018 Approximately 43% of the…
  21. Scotia Howard Weil Conference – Jagged Peak Energy Inc – slide 21
    Appendix: Non-GAAP Reconciliation Three Months Ended Year Ended December 31, December 31, 2016 2015 2016 2015 (in thousands) Adjusted Net Income (Loss) Net Income (Loss) (1,971) (6,785) (9,760) (7,484) Adjustments to reconcile to…

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