Centennial Resource Development Overview Core Delaware Basin Pure-Play Increased first quarter 2017 average daily oil production volumes by 64% compared to the period from October 11, 2016 through December 31, 2016 Expected to add…
Centennial 2020 Game Plan Delivering investor returns through operational outperformance Objective: Best equity performance of any U.S. Mid Cap E&P through 2020 Grow net oil production from 5,757 Bo/d in 2016 to 60,000 by 2020 Become…
GMT Exploration Acquisition Overview Strategic entry into core, liquids-rich Northern Delaware Basin GMT acquisition summary Well locator map Contiguous operated acreage position with oil-weighted production 34 11,860 net acre…
Delivering robust production growth Q1 2017 production overview Q1 2017 highlights Q1 2017 oil production of 10,489 Bo/d and total production of 18,469 Boe/d On-track for FY 2017 guidance of 15,750 Bo/d and 25,750 Boe/d1 Increased…
Big Fundamental Best oil well drilled on Centennial acreage Big Fundamental 4-52 1H (4,600 lateral length, Wolfcamp Upper A) represents the first well on the acquired Silverback acreage that was 100% drilled and completed by the…
Advancements in geosteering and cluster spacing driving progress towards technical leadership Geosteering advancements Cluster spacing evolution and design overview Centennial recently brought the geosteering function in- Tighter…
High-quality inventory across 7+ proven zones in the Northern and Southern Delaware Assumed spacing summary Inventory summary (gross horizontal drilling locations) Operated Non-operated Formations Avalon Standalone GMT Exploration PF…
Team in place to execute 2020 game plan Centennial has more than doubled in Evolution of CDEV employee base terms of total employee count since Operations closing its initial business combination in Finance, Accounting and…
Summary Q1 2017 Financial Results Financial summary (mm)1 Q1 2017 Successor period ( in millions, unless specified) 3 months ended Mar. 31, 2017 Oct. 11 - Dec. 31, 2016 Average Daily Production (Boe/d) 18,469 9,811 Average Daily…
Production growth drives unit costs lower Lease operating expenses and cash G&A for Lease operating expenses ( / Boe) 2017 remain in-line with public guidance on a per 4.38 Guidance unit basis due to projected declines throughout…
Strong liquidity position Significant borrowing base increases driven by organic production growth and Liquidity summary ( mm)1 Silverback acquisition As of Pro forma 50mm incremental borrowing base capacity following closing of…
Centennial share count overview 1 Warrant Redemption As announced in early April 2017, Centennial has successfully completed the cashless exercise and redemption of the 16.7mm outstanding public warrants issued as a result of the…
2017 Guidance Summary Guidance summary Updated FY 2017 guidance CDEV is currently running 5 rigs, 1 Initial Post - GMT additional rig to be added in Q2 2017 2017 FY Guidance 2017 FY Guidance Net Average Daily Production (Boe/d)…
Reconciliation of Adjusted EBITDAX to Net Income Adjusted EBITDAX reconciliation ( thousands) Successor Successor For the three months ended October 11, 2016 through Adjusted EBITDAX reconciliation to net income: March 31, 2017…
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