Core Oil Delaware Basin Pure-Play J.P. Morgan Energy Equity Conference June 26, 2017
Centennial Resource Development Overview Core Delaware Basin Pure-Play Large, contiguous acreage positions in oil-window of Delaware Basin Low-risk, oil-rich base with rapid growth potential Increased first quarter 2017 average…
Differentiated Delaware Basin Pure-Play Asset quality Technical expertise Inventory depth and production growth Financial flexibility Management team with track-record of execution 4
Delivering 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 first…
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 CDEV Management team Evolution of CDEV employee base Name & Title Previous Experience Mark Papa Operations Chief Executive Officer Finance, Accounting and Administration 90 employees…
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…
Rapid production growth drives unit costs lower LOE and cash G&A for FY 2017 remain in-line with Lease operating expenses ( / Boe) public guidance on a per unit basis due to projected 4.38 Guidance declines throughout the year Range…
2017 Guidance Summary Guidance summary Updated FY 2017 guidance CDEV is currently running 6 rigs Initial Post - GMT 2017 FY Guidance 2017 FY Guidance 1 additional rig will be added on the Net Average Daily Production (Boe/d) 22,500 -…
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…
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