Delivering on 2017 Goals Operational Financial Results in-line or ahead of Generated 159MM of Adjusted expectations EBITDAX Improved operating efficiencies Cash operating costs ahead of expectations Base production volumes…
3Q17: Operations Summary MM Gross Equivalent Natural Completed Production Oil NGLs Gas Program Wells1 (MBoe/d) (MBbls/d) (MBbls/d) (MMcf/d) Wolfcamp2 Eagle Ford - 32.9 20.0 6.7 37 126 Eagle Ford Wolfcamp 32 29.9 12.6 8.2 55…
Asset Programs Clay Carrell 6
Eagle Ford: Capital Efficient Program Averaged one drilling rig Sustained minimal Hurricane Harvey impacts Facilities and drilling unaffected Production impact: 0.9 MBoe/d, 0.3 MBo/d Reduced inflation with efficient operations…
Wolfcamp: Improved Program Value Oil Production Averaged two drilling rigs (MBbls/d) 12.6 Record production volumes 11.4 11.1 9.9 9.3 Base production continued to outperform Bolt-on acquisition funded by drilling capex 3Q'16…
Altamont: Improved Program Returns Averaged two JV drilling rigs Maintained production with minimal capital Improved base production volumes ahead of expectations Recompletions continued to perform well Oil Production Improved…
Financial Results Kyle McCuen 10
3Q17: Financial Highlights Results in line with expectations 159MM Adjusted EBITDAX Adjusted EPS of (0.12) Maintained financial flexibility Executed open market debt repurchases at discounted prices Ended 3Q17 with liquidity…
Improving Operating Costs Cash operating costs ahead of expectations 2.78 On track to deliver at low-end of 2.18 0.43 guidance range 2.10 3.28 2.95 2.63 Lower adjusted G&A expenses 4.20 4.05 3.91 14.73 Managing business…
Hedge Program Summary Hedge Summary 2017 2018 2019 Oil volumes (MMBbls) 2.5 8.9 - Average floor price (/Bbl) 60.34 60.00 - Natural Gas volumes (TBtu) 8.7 25.6 7.3 Average floor price (/MMBtu) 3.28 3.04 2.97 Remaining 2017: Oil:…
Reaffirming 2017 Outlook Current Guidance Oil production (MBbls/d) 46 48 Total production (MBoe/d) 80 85 Business continues to perform well Oil & Gas capital (MM)1 Wolfcamp 250 300 Eagle Ford 200 Wolfcamp activity Altamont 100…