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4Q 2017 Investor Presentation – Parsley Energy Inc.

Parsley Energy Inc. · Feb 23, 2018 · 20 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. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 1
    INVESTOR PRESENTATION 4Q 2017
  2. 4Q 2017 Investor 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 ANDREWS MARTIN Large, concentrated development blocks in…
  3. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 3
    2017 Highlights Largest activity ramp among Permian peers translated to Sustained Production Momentum high-margin production growth in rising commodity price environment 90 80.3 80 Daily Production (MBoe/d) Nearly doubled…
  4. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 4
    Robust Organic Value Creation Parsleys portfolio of highly economic development projects allows it to employ incremental capital at high rates of return Growth in proved developed reserve value (PD Value) translates to 70% return on…
  5. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 5
    Scaling up in the Heart of the Basin Concentrating on the Core Permian Net Acres (000s)(2)(3) DAWSON 250 Parsley Energy Leasehold SMID-Cap Peer Leasehold(1) 200 HOWARD 150 100 50 MARTIN 0 ANDREWS 2014 2015 2016 2017 PE…
  6. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 6
    A Winning Formula High Rankings on Key Value Drivers Parsley consistently ranks among the elite on characteristics that distinguish premium E&Ps Top-tier asset quality Relative Rank shone through despite heavy delineation…
  7. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 7
    From Transformation to Simplification 2017 Program Focused on Resource Discovery Activity Levels in Place Delineation Pads 18 9 MARTIN HOWARD PE Acreage 16 8 ANDREWS 14 7 LEA 12 6 Frac Crews 10 5 Rigs 8 4…
  8. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 8
    Solidifying the Core Ongoing acreage trades enhance development potential of core 4Q17 Midland Basin Acreage Trades operated footprint 4Q17 trades focused on high-impact trades in core Upton County Traded out of scattered properties…
  9. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 9
    Unlocking Wolfcamp C Potential Wolfcamp C rediscovery represents capstone of 2017 900+ Drilling Locations in Wolfcamp C Fairway delineation program 200 600 1,000 GROSS THICKNESS Five Wolfcamp C wells brought online during 2017 400…
  10. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 10
    Guidance Summary Production 2018E 2018 Guidance Highlights Annual Net Oil Production (MBo/d) 65 70 2018 organic oil growth of 50% YoY at midpoint Annual Net Total Production (MBoe/d) 98 108 Steady development pace of approximately…
  11. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 11
    Strong, Flexible Financial Position Peer-leading(1) liquidity of 1.7 billion(2) provides ample flexibility to fund efficient growth Borrowing base has tripled in last two years Favorable debt maturity schedule with earliest notes…
  12. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 12
    Substantial Oil Hedge Position Insulates Capital Program Hedges Retain Value of Higher Oil Prices Hedging strategy protects cash flow 50% and balance sheet while retaining Change in 2018 Discretionary 40% commodity price upside…
  13. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 13
    Consistently Efficient Reserve Growth YE17 proved reserves up 87% Y/Y (oil up 82% Y/Y) Three-year proved reserve CAGR of 66% Organic reserves replacement ratio of 683%(1) Positive performance revisions of 4.5 MMBo to oil PDP reserves…
  14. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 14
    Parsley Energy Investment Summary GAINES DAWSON Premier acreage in oil Parsley Energy Leasehold windows Strong financial position ANDREWS Robust returns MITCHELL MARTIN Expanding margins HOWARD Capital efficient growth…
  15. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 15
    Investment Highlights SUPPLEMENTARY SLIDES 16
  16. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 16
    Expansive, High-quality Drilling Inventory Extensive inventory of premium drilling locations provides Horizontal Drilling Inventory(1) visibility to years of high-return production growth WELLS PER After recent non-op divestitures,…
  17. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 17
    Reference Curves Imply Compelling Economics Cash flow velocity increases significantly at current oil prices Compressed payout periods and a shallowing PDP base expedite rapid cash flow growth Midland Basin Oil Curve(1) Midland…
  18. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 18
    Substantial Oil Hedge Position 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 Put Spreads (MBbls/d)1 7.8 11.5 34.2 37.5 11.7 11.5 8.2 8.2 Put Price (/Bbl) 52.14 52.50 49.64 49.67 50.00 50.00 55.00 55.00 Short Put Price (/Bbl) 41.43…
  19. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 19
    Adjusted EBITDAX Reconciliation Three Months Ended Year Ended Unaudited, in thousands December 31, December 31, 2017 2016 2017 2016 Adjusted EBITDAX reconciliation to net income: Net (loss) income attributable to Parsley Energy,…
  20. 4Q 2017 Investor Presentation – Parsley Energy Inc. – slide 20
    Reserves Replacement Ratio and F&D Cost (Unaudited) Organic Reserves Replacement Ratio Parsley uses the organic reserves replacement ratio as an indicator of the companys ability to replace the reserves that it has developed and to…

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