Skip to main content2017 13th Annual Hotter 'n Hell Conference Tudor Pickering Holt and Co – Centennial Resources Development Investor Presentation | Shale Experts
Core Oil Delaware Basin Pure-Play Tudor, Pickering, Holt & Co. Hotter 'N Hell Conference June 20 22, 2017
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…
Centennial Resource Development Overview Core Delaware Basin pure-play Large, contiguous acreage positions located in oil-window of Delaware Basin 88,000 net acres(1) 84% operated Low-risk, oil-rich base with rapid growth potential…
GMT Exploration Acquisition Strategic entry into core, liquids-rich Northern Delaware Basin GMT Acquisition Summary GMT Acreage and Offset Operators 11,860 net acre Northern Delaware Basin position in Lea County, New Mexico 79%…
Well Delineated, Liquids-Rich Position CDEV located in the sweet-spot of both Northern and Southern Delaware Basins Wolfcamp Reservoir Fluid Trend Centennial acreage primarily located in the oil window of the Delaware Basin 7+ proven…
Delivering on Goal of Becoming Technical Leader Recent advancements in geo-steering and enhanced completion designs have improved well performance and produced more consistent results Remained in target drilling zone for 93% of total…
2017 Guidance Summary Delivering on Centennials 2020 Game Plan 2017 Capital Expenditure Budget (535MM 625MM)(1) Expect to deliver peer-leading production growth in 2017 13 175% increase in oil production to 60 D&C Capital 15,750…
Centennial Provides Investors with Peer Leading Growth Combined with Best-In-Class Leverage Metrics 2-Year Est. Total Production CAGR (2016-2018)(1) Net Debt / 2017E Adjusted EBITDAX(2) 2.9x 157% 155% 1.7x 1.5x 1.3x 68%…
Rapid Production Growth Drives Unit Costs Lower LOE and cash G&A for FY 2017 Lease operating expenses ( / Boe) remain in-line with public guidance on 4.38 Guidance a per unit basis due to projected Range declines throughout the year…
The Centennial Strategy Delivering shareholder returns: Best-in-class production growth High quality assets in one of the worlds premier basins Technical leadership in mid-cap space Upside associated with Avalon and Bone Spring…
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