Sustained Production Momentum Quarterly Production Trajectory Raised FY17 and 4Q17 production guidance 100 ranges following strong first quarter growth 78.0 - 88.0 1Q17 daily net production up 21% versus 4Q16 and 88% Y/Y 80 Sharp…
Margin Expansion Significant margin expansion driven by LOE vs. Peers (/Boe)(1) favorable trends in realizations and 10.00 operating costs 9.00 Increasing oil volume as percent of total 8.00 production 7.00 Reduced transport…
Strong Financial Position Liquidity Summary More than 1.6 billion of pro forma liquidity to fund 3,000 efficient growth plan 2,514 2,500 Fully undrawn borrowing base of 1.4 billion, with 2,000 company-elected commitment of 1.0…
Substantial Oil Hedge Position 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 Proactive hedging program Put Spreads (MBbls/d) 1 10.4 35.7 45.5 26.7 26.4 26.1 26.1 protects cash flow Put Price (/Bbl) 53.10 52.66 52.80 52.81…
Robust and Improving Well Results Consistently strong well results across acreage Midland Basin Normalized IP30s(1) footprint and well vintage 185 8,500 180 Stimulated Lateral Length (Ft.) Length-normalized productivity…
Consolidating Acquired Acreage Midland Basin Acreage Trades Acreage trades increasing value of acquired assets Traded out of non-operated properties with MARTIN low working interest into operated properties with high working…
Rapid Integration Program Strain Ranch Strong results from, and active plan for, newly acquired assets Type Log Active Development of Acquired Assets Planning for 30+ well spuds across acquired acreage in 2017 Lower Parsley…
Ramping up Lower Spraberry Development Impressive Lower Spraberry results across Midland Basin Encouraging Lower Spraberry Results acreage position Span Midland Basin Acreage Increased productivity on each successive Lower Spraberry…
Emerging Wolfcamp C Play NW 1 2 3 4 5 6 7 8 SE Wolfcamp C Fairway 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 Wolfcamp C…
Impressive Production Trends in Northwest Pecos County Parsley setting the pace for long-lateral development in the Consistently Strong Normalized Rates Across Lateral Lengths(2) Southern Delaware Basin 20 200 Strong…
2017 Guidance Updated with 1Q17 Results Production Annual Net Production (MBoe/d) 2017E (Previous) 2017E (Updated) 62 68 65 - 71 Poised for efficient production growth % Oil 68 73% 68 73% Increased FY17 and 4Q17 production 4Q17…
Parsley Energy Investment Summary Premier Permian Position Premier acreage Parsley Energy Leasehold Proven execution Strong financial position Robust returns Market Snapshot NYSE Symbol: PE Abundant resource upside Market…
Investment Highlights SUPPLEMENTARY SLIDES 15
Top Midland Basin Well Performance Average Gross Revenue per Lateral Foot in First Six Months ()(1) Parsley Wells Included in Analysis 700 Parsley Energy GLASSCOCK 600 MIDLAND 500 400 300 UPTON 200 REAGAN Parsley…
Shale Scale in the Midland Basin Core On April 20, closed acquisition of acreage and associated Midland Basin Acreage assets from Double Eagle Energy Permian LLC GAINES DAWSON BORDEN 71,000 net leasehold acres 3,600 net Boe/d as…
Expansive, High-quality Drilling Inventory Extensive inventory of premium drilling locations provides Horizontal Drilling Inventory(1) visibility to years of high-return production growth Wells per Substantial inventory upside in…
Robust Reserve Growth Proved reserves up 80% Y/Y (oil up Oil Gas NGL Total 85% Y/Y) despite writing off (MMBbl) (Bcf) (MMBbl) (MMBoe) remaining 18 MMBoe of vertical PUD reserves PDP 59.3 121.8 23.7 103.3 PDNP 1.9 2.2 0.6 2.8…
Selected Operating Data 1Q17 Three Months Ended March 31, 2017 Dec. 31, 2016 March 31, 2016 Net production volumes: Oil (MBbls) 3,394 2,811 1,731 Natural gas (MMcf) 4,419 3,812 2,944 Natural gas liquids (MBbls) 800 704 425 Total…
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