Premier E&P Company with Top Tier Returns, Growth and Margins Key Investor Considerations Premier Acreage Position in the Eagle Ford (7) TOP TIER RETURNS, GROWTH AND MARGINS Total Company(7) Net Acres (2) 494,000 80% growth in 2018…
2017 Year in Review: Best in Class Execution 2017 Highlights Production Growth WRD delivered best in class execution in 2017 Net Production (1) Net Oil Production (1) (Mboe/d) (Mbo/d) Built second largest Eagle Ford position in the…
2018 Catalysts for Growth and Value Creation Announced divestiture of the North Louisiana asset positions WRD as the premier Eagle Ford pure play Transition to Eagle Ford Post divestiture, WRD has an oilier production profile with…
North Louisiana Divestiture Transforms WRD into the Premier Eagle Ford Pure Play Summary Rationale On February 12, 2018, WRD announced the divestiture of North Louisiana properties to a third party for consideration of approximately…
WRD Operates the Second Largest Eagle Ford Position Operator Acreage Positions (1) Net Acreage Positions (1) Eagle Ford Shale (000s Acres) Oil Wet Gas/Condensate EOG Resources 528 Dry Gas (2) WildHorse 404 Apache 288 Sanchez…
Proved Reserves Tripled at Attractive Costs Reserves Overview 2017 Drilling Program Added 2.8 Billion in PV10 4,000 (295) PV-10(1) of proved reserves increased by 372% to 3.5 billion at year end 374 2017 from 750 million at year end…
Deep Inventory of Economic Locations at a Compelling Valuation Net Horizontal Locations by Area Significant Upside to Current Valuation (PV-10 MM) (4) Multiple decades of drilling inventory Best in class execution led to 12,000…
Eagle Ford Type Curve Increased from 91 to 95 Boe/ft Eagle Ford Single Well Summary Type Curve (1) Type Well Assumptions 95 Boe/Ft Wellhead EUR (MBoe) 574 200 Oil EUR (Mbbl) 508 % Oil 89% 160 Gas EUR (MMcf) 393 Mboe…
WRD Projected to Have Industry Leading Metrics Debt Adjusted Production Growth 2017E-2018E (1) 2018E ROCE (2) 60% 15% 50% 40% 10% 30% 20% 5% 10% 0% 0% SRCI WRD CRZO LPI SN OAS WPX WLL QEP Debt Adjusted Cash Flow Growth…
WRD to Develop an In-Field Sand Mine Sand Mine Increases Well Returns and Provides Greater Operational Control Sand Mine Overview and Rationale In-Field Location Significantly Reduces Transportation Costs (3) Estimated cost of 65-75MM…
Capacity and Optionality Around Midstream, Vendor Services, Water and Infrastructure Significant Midstream and Vendor Infrastructure Optionality Around Takeaway Capacity Multiple vendors for all key services provides flexibility and…
WildHorse Operated In-Field Sand Mine Offers Significant Savings Current and Development Well D&C Costs (MM) 7.0 (0.1) 6.5 (0.4 - 0.6) 0.4 5.9 - 6.1 6.0 0.6 5.6 5.0 4.0 3.0 2.0 1.0 0.0 2017 Target…
Well Results Continue to Outperform and Delineate Acreage Position WRD Gen 3 wells continue to Horizontal Well Activity (2) Ascari B 1H Wilde EF 1H / Teal EF 1H(5) outperform 95 Boe/ft type curve EUR: 110 Boe/Ft EUR: 91 Boe/Ft IP30…
Washington County Austin Chalk Budget Type Curve (5,000 lateral) 3,500 EUR: 341 Boe Per Foot 7% 3,000 29% 64% 2,500 Barrels of Oil Equivalent Per Day 2,000 Oil NGLs Gas 1,500 1,000 500 Washington County Austin…
Proximity to Gulf Coast Leads to Advantaged Oil Pricing Comparative Basin Differentials (1) Q317 Comparative Basin Differentials (1) WRD receives LLS pricing minus transportation costs (6.05) Regional location provides lower…
Eagle Ford Wells Outperform Competing Basins and Peers on Cash Margin Cash Margin: WRD Eagle Ford vs. Competing Basins(1) (3Q 2017) /Boe 55.00 48.20 48.20 48.20 48.20 48.20 48.20 Q3 2017 Average WTI Price 44.00 7.67 11.66…
II. Financial Overview 20
Strong Balance Sheet and Liquidity Position at 9/30/17 Capitalization Strong Liquidity Position ( in millions) 9/30/2017 ( in millions) 9/30/2017 Liquidity Cash 5 Borrowing Base (5) 875 Cash 5 WRD Revolving Credit Facility 158…
FY 2018 Guidance (as of February 12, 2018) 2018 Guidance Pro-Forma FY 2018 Guidance FY 2018 Guidance North Louisiana Divestiture(3) Low High Low High Net Average Daily Production (Mboe/d) 53 - 56 46 - 49 Oil (Mbbls/d) 31 - 35 31…
Investment Highlights Oil-Weighted Eagle Ford Pure Play Top Tier Returns, Growth and Margins Proven Ability to Execute Positioned for Long Term Growth Financial Strength and Flexibility 24
III. Appendix 25
Focused Strategy of Eagle Ford Acreage Growth and Consolidation WildHorse continues to execute on a proven strategy of organic leasing and targeted acquisitions to grow its high quality Eagle Ford acreage position to 404,000 net acres…
WildHorse Acreage Positioned in the Highly Productive, Liquids-Rich Eagle Ford Geology matters: Top of Eagle Ford Structural Map Gross Thickness Isopach Map Gas to oil ratio Clay content Milam Shallow Grimes Thick Oil gravity…
Gen 3 Design Unlocks Improved EURs and Significant Eagle Ford Oil Growth Increased Intensity Has Improved EURs Outperformance on both Bo/ft and Boe/ft (1) Wells Completed Target Proppant (lbs/ft) 120 111 Boe/Ft 120 111 99 Boe/Ft 99…
WRDs Attractive Eagle Ford Acquisition Metrics Bolster Full Cycle Returns WRD has acquired Eagle Ford acreage at attractive economics per net location on a PDP-adjusted basis Over its last two major Eagle Ford acquisitions, WRD has…
WRD Perpetual Convertible Preferred Equity Summary Issuer WildHorse Resource Development Corporation (NYSE: WRD) Purchaser The Carlyle Group, through its U.S. buyout fund Carlyle Partners VI Size 450.4 million (as of January 31,…
WRD Ownership Chart NGP and The Carlyle Group 450MM Series A Perpetual KKR Public Stockholders Management(1) Convertible Preferred Stock 56.0%(2) 24.3%(2) 4.1%(2) 15.6%(2) Company Shares Breakout Total Common Shares…
Reconciliation of Adjusted EBITDAX This presentation and accompanying schedules include the non-GAAP financial measure Adjusted EBITDAX. The accompanying schedule provides a reconciliation of the non-GAAP financial measure to its most…
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