1Q Overview Adjusted EPS Adjusted EBITDA Adjusted EBITDA Margin 0.48 Exceeds consensus of 0.34 136 MM Exceeds consensus of 122MM 30 /Boe Driven by High-margin Eagle Ford Total Production Oil Production Total Operating…
Executing on Corporate Initiatives Strategic Operational Closed the divestitures of DJ Brought initial Eagle Ford Shale Basin and downdip Eagle Ford multipad online on schedule, assets during the quarter and achieved targeted…
2018 Development Plan Synergistic Development of High-quality Assets 750 - 800 MM Capital Budget Program Highlights Focus on high-return oily plays 2-rig development program in the Eagle Ford Shale 85%-90% 3-4-rig development…
Strong Track Record of Growth Total Production Crude Oil Production 70 17% 45 19% CAGR CAGR 40 60 35 50 Net Daily Prod. (MBoe/d) Net Daily Prod. (MBbl/d) 30 40 25 30 20 15 20 10 10 5 0 0 FY15 FY16 FY17…
Eagle Ford Shale Operations Summary 1Q Highlights Historical Production Completed the 16-well multipad development 50 in the Brown Trust project area 40 MBoe/d Divested downdip Eagle Ford acreage during 30 January 20…
Eagle Ford Shale Strong Performance from Brown Trust Multipad Gross Production 14 12 MBbls/d, MMcf/d 10 8 6 4 Crude Oil 2 Wet Gas 0 3/31 4/5 4/10 4/15 4/20 4/25 4/30 Existing Wells Summary Multipad Wells 16…
Delaware Basin Operations Summary 1Q Highlights Historical Production Delivered another strong Wolfcamp B well result 16 Completed construction of 250,000 Bbl/d in-field 12 water gathering and delivery system in Phantom…
Delaware Basin Strong Results from Wolfcamp A and B Cumulative Production 200 175 1 150 Reeves 3 4 2 125 MBoe* 5 6 Ward 100 75 50 WCA 25 WCB Wolfcamp A Wolfcamp B 0 0 30 60 90 120 Producing Days 30-Day…
Water Management Initiatives Providing Capacity to Meet Future Phantom Area Growth Needs Water-management Strategy Water-disposal Capacity Expansion 300K 250K Company Third Water Gross Volumes (Bbls/d) Owned Party Recycling…
Delaware Basin Midstream Overview Crude Oil Significant Infrastructure and Optionality Cushing Local gathering and processing capacity is adequate for projected growth Houston/ MEH Crude Oil Corpus Oryx system has 200 MBbl/d…
Financial Summary 1Q Highlights Revenue Drivers Exposure to premium-priced LLS market drove 70 50 strong crude oil netbacks 60 50 45 MBoe/d Adoption of new revenue recognition standard /Boe 40 40 drove a sequential…
Guidance Summary Actual Guidance Highlights 1Q 2018 2Q 2018 FY 2018 Production Volumes: Brown Trust multipad expected to drive Total (Boe/d) 51,257 53,800 - 54,800 58,500 - 60,100 2Q production growth Crude Oil % 67% 67% 65% - 67%…
Non-GAAP Reconciliation Reconciliation of Net Income Attributable to Common Shareholders (GAAP) to Adjusted Net Income Attributable to Common Shareholders (Non-GAAP) 1Q 2018 In Thousands Per diluted Share Net Income Attributable…
Non-GAAP Reconciliation Reconciliation of Net Income (Loss) Attributable to Common Shareholders (GAAP) to Adjusted EBITDA (Non-GAAP) to Net Cash Provided by Operating Activities (GAAP) 2Q 2017 3Q 2017 4Q 2017 1Q 2018 (In thousands,…
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