Concho Resources Largest Pure-Play Permian Company Premier Permian Assets Strategic acreage position in the Permian Basin New Mexico Shelf 940,000 gross (610,000 net) acres Four core areas benefit capital flexibility Northern…
Proven Strategy Yields Unique Advantages People, Assets, Returns and Balance Sheet Execution Strength Depth of High- Superior Capital Financial Strength & Scale Quality Inventory Efficiency Most active driller Prolific resource…
Permian Basin Oil Production Innovation and New Technology Game Changers for Permian Oil Growth 3,000 Total Permian Basin Daily Oil Production (Mbopd) 2,500 2,000 Current Permian Basin 1,500 rig count 386 (90% HZ)…
Differentiated Track Record Delivering Growth and Value Production has grown at 30% CAGR since CXOs IPO in August 2007 140 120 26%+ 190.0 100 WTI Price (/Bbl) 150.5 143.3 80 112.0 60 92.2 76.4 40 60.2 36.2 20 27.8…
Track Record of Peer-Leading Execution 10-Year Production Growth per Debt-Adjusted Share (CAGR)1 Peers 22% 21% 12% 10% 10% 9% 6% Average2: 4% 1% 1% A B C D E F G H I J K L M N -1% 0% -3% -4% -5% -4% Data per…
Large-Scale Project Development Maximizing Returns & Recoveries of High-Quality Resource New Mexico Shelf Benefits of Scaling Development Manufacturing Across 1 the Portfolio: Midland Accelerating innovation across asset base Key…
Southern Delaware Basin Core Position in Rapidly Advancing Oil Play 160,000 gross Multi-Interval, Spacing Project: (100,000 net) acres 1 Brass Monkey: 8-well, 2-mile+ laterals targeting 3rd Bone Spring and 1,300 Horizontal Drilling…
Midland Basin Building Momentum with Large-Scale Development Projects 270,000 gross 3Q17 Results (170,000 net) acres Added 7 Lower Spraberry horizontal wells (avg. lateral length MARTIN 4,000 Horizontal Drilling 1 10,106)…
Opportunistic and Disciplined Portfolio Management Strategic Consolidation Consistent with Our Strategy New Mexico Shelf Focuses core areas Complementary acreage to existing leasehold Monetize non-core, low rate of return inventory…
Key Messages Executing Clear, Cycle- Disciplined Capital Industry-Leading Scale Tested Strategy Allocation and Execution Hire the best Capital spending on Drive productivity gains high-return projects Develop the best asset base…
Appendix
Track Record of Capital Discipline Spending within Cash Flow and Delivering Differentiated Growth Cash Flow vs. D&C Capital (bn) Performance Track Record Cash flow from Operations Drilling & Completion Capital1 Past performance…
Northern Delaware Basin: Red Hills Area Oil-Rich, Multi-Zone Development Long-Term Well Performance 440 LEA 400 Average per Well Cumulative Production (MBoe)1 360 Red Hills Area Viking Helmet 1H Wolfcamp 320 Sands avg.…
Northern Delaware Basin: Deep Area Extending Multi-Zone Resource Activity Deep Area Long-Term Well Performance 640 LEA Mas Federal 4H Wolfcamp Sands avg. peak 90-day rate 2 of 1,212 Boepd (80% oil) and 560 2 3 4,392 lateral…
Hedge Position 2017 2018 2019 Fourth First Second Third Fourth Total Total FY18 OIL HEDGES Oil Price Swaps1: Volume (Bbl) 10,216,080 9,133,629 8,146,170 7,471,318 6,972,007 31,723,124 23,759,500 86.9 MBopd Price per Bbl 51.33 51.54…
2017 Operational & Financial Outlook 2017 Guidance 4Q17 GUIDANCE Production 200 204 MBoepd Annual growth 24% - 26% FY17 Tracking Above High End Oil mix 62% Price realizations, excluding commodity derivatives Crude oil…
Reconciliation of Net Loss to EBITDAX (Unaudited) EBITDAX (as defined below) is presented herein and reconciled from the GAAP measure of net loss because of its wide acceptance by the investment community as a financial indicator of a…
Costs Incurred (Unaudited) The following table summarizes costs incurred for oil and natural gas producing activities for the periods indicated: (in millions) Three Months Ended September 30, June 30, March 31, December 31, September…
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