Barclays CEO Energy-Power Conference September 2017
Jagged Peak A Delaware Basin Leader Wolfcamp A Structure Map 70,400 highly contiguous net acres in the oil-rich core of the Southern Delaware Basin Over 1,400 identified drilling locations across four Cochise proven benches…
Company Highlights Large, contiguous position in the thick, oil-saturated, favorably over-pressured core of the Delaware Basin Premier Position in Acreage increased during 2Q17 to 70,400 net acres further increased to 72,000 net…
Production Ramp Continues 2Q17 vs. 1Q17 production growth of 50% FY 2017 Operated Completions Cadence Year-over-year production growth of 166% 21 Actuals Growth of 127% vs. 4Q16 Guidance 3Q17 To Date (1) 14 18 Currently operating 3…
Significant Upside Beyond Target Zones Whiskey River Type Log Collier 1201 Currently targeting the well- delineated Upper / Lower Wolfcamp Current Zone A, Wolfcamp B and 3rd Bone Upside Zone Spring Currently Evaluating…
Manageable Lease Obligations Leasehold Map Project Areas Cochise Whiskey River Big Tex Current Acres (net) (1) 12,930 35,300 22,120 Current Target 243 937 232 Cochise Locations (2) Average Lateral Length 8,860 6,960 7,510 of…
Substantial Reservoir Thickness Across Acreage Position Cochise Whiskey River Big Tex Isopach Map 3rd Bone Spring thru Wolfcamp B JAG Acreage Cross Section Isopach 3rd Bone Spring thru Wolfcamp B (ft) 3BSPG Cochise 200 575…
Massive Oil Column Significant upside beyond current target zones Cochise University 2801 Whiskey River Collier 1201 Big Tex BTS 501 Current Zone OOIP: 106 MMBo/sec Current Zone OOIP: 112 MMBo/sec Current Zone OOIP: 58 MMBo/sec Total…
Positioned in the Core Oil Window of the Southern Delaware Jagged Peaks Acreage Delivers Consistently High Oil Cuts Over Time High oil cuts of greater than 80% Historical production data demonstrates steady GOR over time Average…
Continuing to Execute 3rd Bone Spring - Wolfcamp B Gross Isopach Operational Highlights From Second Quarter Coriander 2524-C3 1H IP30 157 Boe/d per 1,000 Eiland 0812A-GG Houston 1H IP30 226 Boe/d per 1,000 UTL 38-17 2H in Cochise…
Big Tex Showing Strong Results 3rd Bone Spring - Wolfcamp B Gross Isopach Big Tex Continues To Perform Average cumulative production of the last five wells tracking 15% above the type curve with an 86% oil cut Efficient artificial…
Proving Up New Target 2nd Bone Spring Showing Promising Results Bone Spring Prospectivity Horizontal Target Operational Highlights CL 17A-C2 1H Pilot Successful appraisal of 2nd Bone Spring Shale Prospective for Bone Spring…
Actively De-Risking Across the Acreage and Column Planned Future Delineation Efforts Areal Delineation Stratigraphic Delineation Commentary / Delineation Plans Avalon & Offset conventional vertical production Brushy 1…
Deep Drilling Inventory With Long Laterals 1,412 Current Target Drilling Locations in Well Delineated Formations Identified Locations by Formation TBD TBD Avalon / BC 1BSPG WCMP C 200+ 400+ 314 1,412 318 353 427…
Strong Financial Position Focus on financial flexibility Maintain conservative capital structure and liquidity Capitalization Table Fund growth with IPO proceeds, cash flow and revolver Quarter End Target debt /…
Full Year 2017 Guidance Development Program Highlights Full Year 2017 Guidance Summary 2017 capital focused on increasing production 2017 Guidance Range As of 1Q17 Updated and maintaining leasehold acreage Production No significant…
Resilient Single Well Economics High upside with limited downside High EUR, high oil cut and low operating costs drive attractive single-well returns Extended lateral wells in Cochise and Whiskey River generate 10% returns at a WTI…
Delivering as Promised Consistent Peer Leading and Top Quartile Results Industry leading oil content YTD 2017 Oil Content YTD 2017 Oil & Gas Revenue (1) drives superior revenue & EBITDAX per Boe (% oil) ( / Boe) 42.40 82% 41.49…
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…
Consistent Results Across Leasehold Highly consistent results across Wolfcamp A & B 2016 and YTD 2017 vintage Continuing to improve Operated wells demonstrate completions have produced productivity through average EUR of 1.2 MMBoe…
Scalable, Operated Infrastructure in Place Designed to meet future production needs with cost reduction in mind Water System Key Features 8 operated SWD wells with 155 MBw/d disposal capacity provides ample capacity for expected ramp…
Non-GAAP Reconciliation Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 (in thousands) (in thousands) Adjusted Net Income (Loss) Net Income (Loss) 16,403 (5,749) (449,478) (13,199) Adjustments to…
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