Jagged Peak A Delaware Basin Leader Large position in the deep, over-pressured oil window of the Wolfcamp A Structure Map Delaware Basin Over 75,200 net acres with average working interest of 86% laid out in blocky, contiguous…
Company Highlights Large, contiguous position in the thick, oil-saturated, favorably over-pressured core of the Delaware Basin Over 75,200 net acres at year-end 2017 Premier Position in Core of the Added approximately 9,200 net…
Delivering as Promised Consistent Peer Leading and Top Quartile Results Industry leading oil content 3Q17 YTD Oil Content 3Q17 YTD Oil & Gas Revenue / Boe (1) drives superior revenue & EBITDAX per Boe (% oil) 41.84 81% 78%…
Significant Upside Beyond Target Zones Whiskey River Type Log Collier 1201 Current location inventory includes Current Location Inventory the well-delineated Upper / Lower Active Appraisal Wolfcamp A, Wolfcamp B and 3rd Upside Target…
Manageable Lease Obligations Leasehold Map Project Areas Cochise Whiskey River Big Tex Current Acres (net) (1) 12,900 36,000 26,300 Current Target Cochise 305 1,125 660 Locations (2) Average Lateral Length 8,572 8,224 8,170 of…
Incredible Oil Column Significant upside beyond current target zones Cochise University 2801 Whiskey River Collier 1201 Big Tex BTS 501 Current Zone OOIP: 106 MMBo/sec Current Zone OOIP: 112 MMBo/sec Current Zone OOIP: 58 MMBo/sec…
Expanding Delaware High Oil Cut Inventory Oil % 3rd Bone Spring thru Wolfcamp Currently producing from eight high oil content targets Oiliest asset base among Permian peer group (1) Wolfcamp A represents 80% of current…
Fourth Quarter 2017 Completions Outperforming Increasing stimulated rock volume and Completion Parameters performance through tighter cluster Completion Design Optimized Completion Historical Design spacing and use of diversion…
Woodford Exploration Significant Discovery and Potential New Development Target in Big Tex Prolific source rock and development target across southern Midcontinent and western Delaware Basin SNL 3427-142 2H Recent successful test of…
Woodford Data Collection Analysis Confirms Active Petroleum System with Peak Oil Generation SNL 3405-142 2H Pilot Initial Core Analysis Results Peak oil generation thermal maturity (Ro) of 0.84 High total organic content (TOC) 7%…
Significant Completion Upside Remains In Woodford Shale Strong IP with only 450 Proppant Placement Tied to High Quality Target Elevated Frac Gradients in Lower Quality Targets completed in the high 400,000 1.20 quality target…
3rd Bone Spring Recent Impressive Well Results Support Existing Inventory County Line 18B-C2 1H is a single section lateral, exceeding Locator Map Wolfcamp A type curve by 12% 7374A & 7374B spaced 660 apart, zipper fracd, early…
Recent Downspacing Tests Encouraging Test Results Support Expanding Inventory Active downspacing pilot program Downspacing Test Locator Map UTL 4443-21 660 Spacing Test in Cochise demonstrates viability of co-developing staggered…
Actively De-Risking Across the Acreage and Column Past and Planned Delineation Efforts Expansion Area Activity Stratigraphic Delineation Whiskey River Type Log (Collier 1201) 1 UTL 4443-21 2H, 3H, 4H Lower Wolfcamp A 660 ft…
Extensive Drilling Inventory With Long Laterals 2,090 Current Target Drilling Locations in Highly Delineated Formations Identified Locations by Formation TBD TBD 600+ 2,700 WDFD WC C 133 2,090 660' Spacing 788 450…
Strong Financial Position Focus on financial flexibility Maintain conservative capital structure and liquidity Capitalization Table as of September 30, 2017 Fund growth with cash flow and revolver Quarter End in millions 9/30/2017…
Jagged Peak is Positioned for Growth Premier, Contiguous Acreage Position in the Oil Core of the Delaware Basin Stacked Pay with Significant Horizontal Inventory Low-Cost, High-Margin Operator Disciplined Financial…
Oil & Gas Marketing Overview Oil Gathering Overview Significant capacity in place to access multiple attractive market hubs No volume commitments or ship and pay obligations Cochise and Whiskey River oil production dedicated to Oryx…
Water Infrastructure Overview Designed to meet future production needs with cost reduction in mind Jagged Peaks 100% owned water system provides 100% of the Companys source and disposal requirements for its current drilling program…
Non-GAAP Reconciliation Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 (in thousands) (in thousands) Adjusted Net Income (Loss) Net Income (Loss) (15,219) 5,410 (464,697) (7,789) Adjustments…
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