Skip to main content March 2018 Investor Presentation – Diamondback Energy, Inc. | Shale Experts
Loading...
Pm

March 2018 Investor Presentation – Diamondback Energy, Inc.

Diamondback Energy, Inc. · Mar 30, 2018 · 22 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. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 1
    Investor Presentation March 2018 1
  2. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 2
    2017 Execution and 2018 Activity Overview 2017 Execution Lookback vs. 2016 2018 Production and Activity Outlook 2016 2017 79,224 Targeting 40%+ y/y production growth within cash flow 43,031 Daily Production 170 190 9.19 Gross…
  3. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 3
    Diamondback Energy: Leading Pure-play Permian Operator Permian pure-play with 207,000 net acres Diamondback Acreage Map Six core areas with 1,000 Mboe+ EURs in multiple intervals normalized to 7,500 feet Significant resource upside…
  4. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 4
    Diamondback: Investment Highlights Increased production 9% q/q to 92.9 Mboe/d (up 79% year over year) Realized cash margins of 82% for Q4 2017; cash costs down 11% year over year (1) Q4 Highlights Completed over 380,000 lateral feet…
  5. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 5
    Corporate Level Full-Cycle Economics and Returns Matter Return on Average Capital Employed (ROACE) Over Time(1) 15.0% 12.0% 9.0% ROACE 6.0% 10.8% 12.3% 8.6% 8.6% 8.8% 9.7% 9.4% 7.9% 3.0% 5.7% 2.6% 0.0% FY 2014 FY 2015…
  6. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 6
    Capital Discipline Creates Long-Term Value Growth within cash flow aligns Company strategy with shareholder interests; no growth for growths sake Dividend initiated to begin return of capital, rewarding shareholders for support of…
  7. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 7
    Multi-Year Growth Within Cash Flow FANG has a track record of achieving robust production growth while spending within cash flow Cumulative cash flow has more than offset D,C&E and Infrastructure spending since the beginning of 2015…
  8. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 8
    Balanced, Capital Efficient Development Drilling an average of 500 lateral feet per day per rig in the Midland Basin including move time Completing an average of 1,500 lateral feet per day per completion crew in Midland Basin; 800 -…
  9. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 9
    Efficiently Converting Resource Into Cash Flow Well productivity and low cost operations promote timely payback At current NYMEX strip pricing, cash flow from 7,500 ft. Midland County Lower Spraberry and Southern Delaware Basin…
  10. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 10
    Peer-Leading Cash Margins and Operating Costs Q4 2017 Cash Margins Versus Extended Peer Group (/Boe)(1) 40 37.03 Cash Margin (/Boe) % of Realized Price (/Boe) 100% Cash Margin (% of Realized /Boe) 35 90% 30 80% 25 82% 79% 70%…
  11. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 11
    Inventory Strength Promotes Years of Economic Growth Gross Delaware Basin Locations By Zone / Lateral Gross Midland Basin Locations By Zone / Lateral 5,000' 7,500' 10,000'+ Total Avg. Lateral 5,000' 7,500' 10,000'+ Total Avg. Lateral…
  12. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 12
    Southern Delaware Basin Execution and 2018 Plans Delaware Basin Well Performance Drilling: Continue to decrease drilling times WELL COUNTY TARGET LATERAL DAYS IP (Boe/d / 1k) WARLANDER 501 WA Reeves WCA 10,372 90 156 (80% oil)…
  13. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 13
    Southern Delaware Basin Wolfcamp A Update 140 1,100 MBOE (975 MBO) Central Type Log and Landing Targets STATE NEAL LETHCO 36-32 1WA STATE NEAL LETHCO 36-32 2WA FANG OATES 10N 2-1H 120 NEAL LETHCO STATE 20-1H Primary CUM OIL…
  14. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 14
    Midland Basin: Continued Best-in-Class Execution 2018 Development Plan: Howard County WCA Performance Normalized to 7,500 (Mbo) Currently running six rigs; expect to average 250 between six and eight operated rigs in 2018:…
  15. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 15
    Limelight Prospect Emerging Mississippian Oil Potential Diamondback Limelight Acreage Map Limelight Type Log Atoka-Bend Early geologic Springer assessments indicate Seal the target to be a Limelight significant oil source…
  16. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 16
    High Growth, Oil Weighted Reserves Total Reserves Growth (MMboe) (1) FANG Standalone VNOM 2017 total proved reserves increased 63% y/y 335.4 to 335.4 MMboe 38.2 FANG standalone reserves increased 71% y/y to 205.5 297.1 MMboe…
  17. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 17
    Current Hedge Summary Crude Oil (Bbls/day, /Bbl) Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 27,000 29,000 27,000 26,000 4,000 3,000 3,000 3,000 Swaps - WTI 51.33 51.24 51.27 51.27 52.04 49.82 49.82 49.82…
  18. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 18
    Liquidity Strength Creates Capital Flexibility Net Debt to Q4 2017 Annualized Adjusted EBITDA of FANGs Liquidity and Capitalization 1.2x(1); continue to target leverage below 2.0x FANG's Consolidated Capitalization 12/31/2017 Pro…
  19. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 19
    2018 Guidance Diamondback Viper Energy Achieved 84% annual production growth in Energy, Inc. Partners LP 2017 with positive cash flow Net Production Mboe/d 108.0 116.0 14.5 16.0 Targeting annual production growth of over Oil…
  20. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 20
    Viper Update Q4 2017 cash distribution of 0.460 per unit, up 78% over Q4 2016 and the highest in Vipers history Variable Rate MLP structure: 100% of all available cash is returned to unitholders Focused on mineral acquisitions in…
  21. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 21
    Return On and Return Of Capital Significant Resource Potential Conservative Financial Management Strategic Acquisitions Efficient Conversion of Resource to Cash Flow 22
  22. March 2018 Investor Presentation – Diamondback Energy, Inc. – slide 22
    Diamondback Energy Corporate Headquarters Adam Lawlis, Director, Investor Relations 500 West Texas Ave., Suite 1200 (432) 221-7400 Midland, TX 79701 irdiamondbackenergy.com www.diamondbackenergy.com 23

From the store

Browse maps, data & reports in the Shale Experts store