Skip to main content Q3 2017 Presentation – Parsley Energy Inc. | Shale Experts
Loading...
Pm

Q3 2017 Presentation – Parsley Energy Inc.

Parsley Energy Inc. · Nov 7, 2017 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q3 2017 Presentation – Parsley Energy Inc. – slide 1
    INVESTOR PRESENTATION 3Q 2017
  2. Q3 2017 Presentation – Parsley Energy Inc. – slide 2
    Parsley Energy Overview Premier Permian Pure-Play Parsley Leasehold Superior acreage portfolio Parsley Energy Leasehold Premier combination of acreage quality and quantity Large, concentrated development blocks in heart of Midland…
  3. Q3 2017 Presentation – Parsley Energy Inc. – slide 3
    Value-Adding Production Growth Quarterly Production Trajectory 90 80 16% compound quarterly production growth rate over 14 quarters as a public company(1) 71.5 70 15% organic quarterly production CAGR since IPO, with minimal 60…
  4. Q3 2017 Presentation – Parsley Energy Inc. – slide 4
    Top-Tier Capital Efficiency Operating Margin (/Boe) Recycle Ratio(1) 30 6.0 Parsley Energy 25 5.0 20 4.0 Parsley Energy 15 3.0 10 2.0 5 1.0 0 0.0 Oily E&P Companies Gassy E&P Companies Oily E&P Companies Gassy…
  5. Q3 2017 Presentation – Parsley Energy Inc. – slide 5
    Building for the Long Run Rig Additions 4Q16 to 4Q17(1) Transformative 2017 Clears Forward Path 10 2017 8 Integrated 95,000 net acres into portfolio 6 Largest rig ramp among Permian peers(1) 4 Initial development activity in three…
  6. Q3 2017 Presentation – Parsley Energy Inc. – slide 6
    Efficient 2018 Growth in View Preliminary 2018 Outlook Net oil production: 67.5 72.5 MBo/d Capital expenditures: 1.35 - 1.55 billion Top-tier oil growth per dollar invested 2018 Bbls/d Added per MM Capex 25 Parsley Energy…
  7. Q3 2017 Presentation – Parsley Energy Inc. – slide 7
    Putting the Pieces Together Ongoing acreage trades enhance development potential of core 3Q17 Midland Basin Acreage Trades operated footprint 3Q17 represents most active trading period to date Traded out of scattered properties with…
  8. Q3 2017 Presentation – Parsley Energy Inc. – slide 8
    Creating Value through Trades Nearby peer acquisitions in the Midland Basin carry an average cost of over 40,000/net acre or 1.7 million/net location.(1) Valuation markers imply over 400 million of value creation from Parsleys…
  9. Q3 2017 Presentation – Parsley Energy Inc. – slide 9
    Operator of Choice Historical LOE Stringent Cost Control Long-term trend of operating efficiency and cost reductions 10.00 9.00 Resumed downward trend after Advantaged logistics reduce transport 8.00 acquiring over 600 mostly…
  10. Q3 2017 Presentation – Parsley Energy Inc. – slide 10
    New Basin-Level Curves Show Productivity Uplift New reference curves update for historical well performance, expanded asset base, and enhanced lease geometry Based on 10,000 lateral Designed to reflect well mix associated with…
  11. Q3 2017 Presentation – Parsley Energy Inc. – slide 11
    Wolfcamp C Offers Compelling Upside First Wolfcamp C well (Taylor) still producing a 900+ Drilling Locations in Wolfcamp C Fairway robust 700 barrels of oil per day after 240 days(1) 1,000 GROSS THICKNESS 200 600 with cumulative oil…
  12. Q3 2017 Presentation – Parsley Energy Inc. – slide 12
    Promising Results from Compressed Stage Design Several Midland Wolfcamp compressed stage tests Compressed Stage Design Boosting Productivity outperforming offsets with standard design by 10-25% with 5-7% incremental cost +25% vs…
  13. Q3 2017 Presentation – Parsley Energy Inc. – slide 13
    Strong Financial Position Peer-leading(1) liquidity of 1.9 billion(2) provides Ample Liquidity ample flexibility to fund efficient growth 1,931 MM Fully undrawn borrowing base of 1.8 billion, increased from 1.4 billion in 2Q17,…
  14. Q3 2017 Presentation – Parsley Energy Inc. – slide 14
    Substantial Oil Hedge Position Insulates Capital Program % of Estimated 2018 Oil Production Hedged(1) Proactive hedging program protects cash 100% flow and balance sheet Parsley Energy 90% 80% Fully hedged at midpoint of…
  15. Q3 2017 Presentation – Parsley Energy Inc. – slide 15
    Interests Aligned With Shareholders Significant Management Ownership(1) Highest management ownership among 1,200 18.0% Permian peers makes total shareholder return (TSR) managements strongest incentive 1,000 15.0% 2016 annual…
  16. Q3 2017 Presentation – Parsley Energy Inc. – slide 16
    Parsley Energy Investment Summary GAINES DAWSON Premier acreage in oil Parsley Energy Leasehold windows Strong financial position ANDREWS MITCHELL Robust returns MARTIN Abundant resource upside HOWARD Capital efficient…
  17. Q3 2017 Presentation – Parsley Energy Inc. – slide 17
    Investment Highlights SUPPLEMENTARY SLIDES 18
  18. Q3 2017 Presentation – Parsley Energy Inc. – slide 18
    Guidance Summary Production 2017E Quarterly Completion Cadence(1) Annual Net Production (MBoe/d) 67 - 68 9,000' 7,696' 7,636' 7,726' % Oil 67 70% 40 - 50 4Q17 Net Production (MBoe/d) 80 83 36 Capital Program 27 22 Drilling &…
  19. Q3 2017 Presentation – Parsley Energy Inc. – slide 19
    New Reference Curves Imply Compelling Economics Midland Basin Cumulative Gross Volumes Midland Basin Return Profile(2) 140% Gross Three-Stream Volumes(1) 120% Oil NGL Gas Equivalent (MBbls) (MBbls) (MMcf) (MBoe) 100% 3-mo 74 19…
  20. Q3 2017 Presentation – Parsley Energy Inc. – slide 20
    Expansive, High-quality Drilling Inventory Extensive inventory of premium drilling Horizontal Drilling Inventory(1) locations provides visibility to years of GROSS NET WELLS PER SECTION high-return production growth Development…
  21. Q3 2017 Presentation – Parsley Energy Inc. – slide 21
    Efficient Reserve Growth 2016 PD F&D (/Boe) Ranks Highly among Oily E&Ps(1) YE16 proved reserves up 80% Y/Y (oil 40 up 85% Y/Y) despite writing off 35 remaining 18 MMBoe of vertical PUD 30 reserves 25 20 Parsley Energy Strong…
  22. Q3 2017 Presentation – Parsley Energy Inc. – slide 22
    Substantial Oil Hedge Position 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 Put Spreads (MBbls/d)1 45.5 38.3 37.9 39.1 42.4 11.7 11.5 Put Price (/Bbl) 50.96 51.74 51.09 49.69 49.71 50.00 50.00 Short Put Price (/Bbl) 41.43 40.65…

From the store

Browse maps, data & reports in the Shale Experts store