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…
FY 2017 Jagged Peak Accomplishments Added over 9,200 net acres in 2017, bringing leasehold to over 75,200 net acres Business Increased future drilling locations to approximately 2,090 at YE 2017, an increase of over 55% Development /…
Production Ramp Continues Year-over-year production growth of 202% FY 2017 Operated Completions Cadence 4Q17 versus 3Q17 growth of 25% On track for 1Q18 net production of 27,000 - 27,300 Boe/d Completed and brought online 11 wells…
Delivering as Promised Consistent Peer Leading and Top Quartile Results Industry leading oil content 2017 Oil Content 2017 Oil & Gas Revenue (1) drives superior revenue 43.77 Established infrastructure and (% oil) ( / Boe)…
2018 Strategic Initiatives Increase technical understanding of the reservoir system by integrating 3D seismic, core, fluid, pressure and log data into the development program Demonstrate capital discipline and strict cost control by…
Full Year 2018 Guidance Development Program Highlights Full Year 2018 Guidance Summary 2018 capital focused on managing activity in coordination 2018 Guidance Range with data acquisition and interpretation while increasing…
Significant Upside Beyond Target Zones Whiskey River Type Log Collier 1201 Current location inventory includes Current Location Inventory the well-delineated Wolfcamp A, Active Appraisal Wolfcamp B, 3rd Bone Spring and Upside Target…
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…
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…
3rd Bone Spring Recent Impressive Well Results Support Existing Inventory 7374A & 7374B spaced 660 apart, zipper fracd, continuing to Locator Map significantly outperform Wolfcamp A type curve 3rd Bone Spring Shale facies present…
Recent Downspacing Test Encouraging Test Results Support Expanding Inventory Active downspacing pilot program in Cochise demonstrates Locator Map viability of 660 spacing within the lower Wolfcamp A Early time results exceeding…
3D Seismic is Being Integrated into Development Planning Coyanosa Phase I Complete Status Early work on Jumano survey already impacting development and well results in Cochise Structural / stratigraphic framework aids geosteering…
Importance of Drilling With 3D Seismic State Whiskey River 4A-8 2H 100% in target window IP30: 2,073 Boe/d Completed lateral length: 10,219 3BS Sand WFMP A Target Window WFMP B Whiskey River 19.5B-8 1H 63% in target…
FY 2017 Key Operations Performance Drilling Commentary Drilling Performance Year-over-year spud-to-RR improvements Mud system design change in 4Q17 is showing 54.2 Spud-to-RR promising results Standardization of the rig fleet…
Extensive Drilling Inventory With Long Laterals Current Target Drilling Locations in Well Delineated Formations Identified Locations by Formation TBD TBD 600+ 2,700 WDFD WC C 133 2,090 660' Spacing 788 450 719…
Strong Financial Position Focus on financial flexibility Maintain conservative capital structure and liquidity Capitalization Table as of December 31, 2017 Year End Recently redetermined borrowing base of 540 million, in millions…
Appendix 18
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…
Track Record of Oil-Weighted Reserves Growth 2017 total proved reserves increased 118% Total Reserves Growth (1) year-over-year to 82.4 MMBoe 118% Growth 79% oil, 10% NGL, 11% gas 82.4 46% proved developed 37.7 PD reserves…
Jagged Peak YE 2017 Year End Reserves (SEC Pricing) Reserves by Category (MBoe) Reserve Volumes by Project Area (MBoe) Big Tex Non-Op 2,136 3,391 PDP 35,144 Cochise PUD 21,141 44,618 Whiskey River 55,690 PDNP 2,596…
Type Curve Developed from JAG Results Lower WC A All Lower WC A Average JAG Internal Type Curve Ryder Scott Type Curve Note: Production normalized to 9,000 effective lateral using a 75% scaling factor. 24
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 Oil production dedicated to Oryx providing takeaway to…
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…
Fourth Quarter & Full Year 2017 Operating Results 4Q16 4Q17 % Change FY16 FY17 % Change Average Daily Production Oil (MBo/d) 5.3 19.3 260% 4.6 13.6 193% NGL (MBbl/d) 0.6 2.3 297% 0.5 1.7 219% Gas (MMcf/d) 3.1 15.0 386% 2.6 9.9…
Non-GAAP Reconciliation Three Months Ended Twelve Months Ended December 31, December 31, 2017 2016 2017 2016 (in thousands) (in thousands) Adjusted Net Income (Loss) Net income (loss) 12,763 (1,971) (451,934) (9,760) Adjustments…
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