YE 17 Reserves & 2018 Budget Presentation – Laredo Petroleum Inc.

Laredo Petroleum Inc. · Jan 24, 2018 · 8 slides

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Slides

YE-17 Reserves & 2018 Budget Presentation January 2018
YE-17 Proved Reserves Total Proved Reserves Total Reserves Value 300 2,000 1,770 1,800 250 70 (0.2) (21) PUD, 216 1,600 111 200 PUD, 25 1,400 167 1,200 MMBOE 978 MM 150 PUD, 26 1,000 PUD, PDP, 800 52 1,659 100 PDP,…
2018 Capital Budget 2018 Capital Budget 555 MM 2018 Drilling & Completions 85 Operating 3 - 4 Hz rigs Completing 60 - 65 net wells 99% targeting the UWC & MWC 10,400 average Hz lateral length 470 Drilling & Completions…
Operational Efficiencies Enable Us to Do More with Less 800,000 9 697,000 700,000 8 Gross Completed Lateral Feet 596,797 591,542 7 600,000 6 500,000 of Hz Rigs 458,976 451,159 5 400,000 4 300,000 270,817 3 200,000…
Consistent Growth through Commodity Price Cycle Production 120 24 22 100 20 Total Production1 (MMBOE) 18 80 WTI Price (/Bbl) 16 14 12 60 10 8 40 6 4 20 2 0 0 FY-11 FY-12 FY-13 FY-14 FY-15 FY-16 FY-17 FY-18E…
Oil, Natural Gas & Natural Gas Liquids Hedges Hedge Summary FY-18 FY-19 FY-20 Oil total floor volume (Bbl) 9,515,375 6,424,000 1,061,400 Oil wtd-avg floor price (/Bbl) 47.42 48.65 49.70 Natural gas total floor volume (MMBtu)…
APPENDIX
Supplemental Non-GAAP Financial Measure Proved Developed Finding and Development Cost (Unaudited) Proved developed finding and development (F&D) cost is calculated by dividing (x) development costs for the period, by (y) proved developed…