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Power of the Permian – Pioneer Natural Resources Co.

Pioneer Natural Resources Co. · May 18, 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. Power of the Permian – Pioneer Natural Resources Co. – slide 1
    Power of the Permian MAY 2018 1
  2. Power of the Permian – Pioneer Natural Resources Co. – slide 2
    PERMIAN BASIN ONE OF THE WORLDS LARGEST OIL FIELDS Permian Basin encompasses 75,000 Permian Basin square miles Roughly equivalent to the size of South Dakota (the 17th largest state in the U.S.) Currently producing 3 million…
  3. Power of the Permian – Pioneer Natural Resources Co. – slide 3
    PERMIAN BASIN TAKES THE GLOBAL STAGE Total Recoverable Resource (BBOE)1 0 20 40 60 80 100 120 140 160 Ghawar, Saudi Arabia Permian Basin, USA Produced To Date Midland Basin Delaware Basin Burgan, Kuwait Safaniyah, Saudi…
  4. Power of the Permian – Pioneer Natural Resources Co. – slide 4
    U.S. LARGEST SHALE PLAYS Permian Basin Red Indicates Shale Oil Permian Basin 3,000 North South Texas Colorado Dakota Pennsylvania Midland of Shale Eagle Ford Niobrara Bakken Marcellus Basin Delaware Basin Source: PXD…
  5. Power of the Permian – Pioneer Natural Resources Co. – slide 5
    IMPACT OF HORIZONTAL DRILLING IN THE MIDLAND BASIN Midland Basin production has increased 1.3 MMBOEPD since 2009 MMBOEPD Hz 6 Source: IHS Energy
  6. Power of the Permian – Pioneer Natural Resources Co. – slide 6
    PERMIAN BASIN CONTINUES TO GROW Permian Basin is the only continuously growing major U.S. oil shale play 3.5 Permian Basin Nov. 2014 3.0 Million Barrels Oil Per Day OPEC Decision 2.5 2.0 1.5 Eagle Ford Bakken…
  7. Power of the Permian – Pioneer Natural Resources Co. – slide 7
    PERMIAN BASIN HORIZONTALS ARE A GAME CHANGER The Permian Basin has produced 35 BBOE in the past 90 years with an estimated 150 BBOE recoverable resource remaining 2.5 160 Permian Basin Oil Production 140 Daily Oil Production…
  8. Power of the Permian – Pioneer Natural Resources Co. – slide 8
    U.S. OIL PRODUCTION Oil Production Weekly Data 11.0 10.5 10.0 9.5 9.0 8.5 MMBOPD 8.0 7.5 Hurricane 7.0 Impacts 6.5 6.0 5.5 5.0 4.5 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 U.S. oil production has…
  9. Power of the Permian – Pioneer Natural Resources Co. – slide 9
    WELL PRODUCTIVITY CONTINUES TO IMPROVE Average Cumulative Production Per Well (MBOE)1 250 2017 Avg. Cumulative Production (MBOE) 2016 200 2015 150 2014 100 50 - - 60 120 180 240 300 360 Days on Production…
  10. Power of the Permian – Pioneer Natural Resources Co. – slide 10
    OIL BREAKEVENS BY SHALE PLAY IN THE U.S. Breakeven Oil Price (/BBL) 60 50 40 30 20 10 - Permian Basin considered among the top oil shale plays in North America with a breakeven oil price of less than 30/BBL 11 Source:…
  11. Power of the Permian – Pioneer Natural Resources Co. – slide 11
    NORTH AMERICAN SHALE PLAY OIL BREAKEVENS BY COMPANY 50 Breakeven Oil Price (/BBL) 40 65% IRRs (55/BBL oil & 3/MCF gas) 30 20 10 - Pioneers world-class Midland Basin acreage position drives industry leading…
  12. Power of the Permian – Pioneer Natural Resources Co. – slide 12
    PERMIAN BASINS GLOBAL IMPACT Low-cost shale oil manufacturing leads to long-term secular growth and reduces commodity price induced cyclicality 1 trillion investment potential Insulates industry from Boom and Bust cycles Improves…
  13. Power of the Permian – Pioneer Natural Resources Co. – slide 13
    EXTERNAL PERMIAN OIL GROWTH FORECASTS 8,000 7,000 6,000 Range of Research MBOPD Estimates 5,000 4,000 3,000 2,000 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 14
  14. Power of the Permian – Pioneer Natural Resources Co. – slide 14
    PERMIAN BASIN OIL TO SUPPLY GLOBAL DEMAND Permian Basin proximity to Gulf Coast export terminals provides access to key global markets 15 Source: Internal Estimates, BP 2017 Statistical Review
  15. Power of the Permian – Pioneer Natural Resources Co. – slide 15
    LARGEST U.S. GAS PRODUCTION BY BASIN 30 Appalachia 25 Billion Cubic Feet Per Day 20 Permian Basin 15 10 Eagle Ford 5 0 16 Source: EIA, Drilling Productivity Report, April 2018
  16. Power of the Permian – Pioneer Natural Resources Co. – slide 16
    INNOVATION AND TECHNOLOGY WILL CONTINUE TO FURTHER DRIVE EFFICIENCIES IN THE PERMIAN BASIN PIONEER EXAMPLES New technology initiatives are focused on improving productivity 4-D fracture propagation modeling Machine learning and…
  17. Power of the Permian – Pioneer Natural Resources Co. – slide 17
    SUSTAINABILITY - PIONEERS PERSPECTIVE Objective: Protect the environment and ensure the health and safety of employees and contractors by: Continuing to focus on programs to create an incident-free and injury-free workplace…
  18. Power of the Permian – Pioneer Natural Resources Co. – slide 18
    PIONEERS TE MP LATE FOR CREATING SHA REHOLDER VA LUE FOCUS ON RETURNS: Low-cost, high-return Permian wells underpin increasing corporate returns CAPITAL DISCIPLINE: Capital program within cash flow drives strong production…
  19. Power of the Permian – Pioneer Natural Resources Co. – slide 19
    SUPPLEMENTAL SLIDES 20
  20. Power of the Permian – Pioneer Natural Resources Co. – slide 20
    DE FINIT IONS Return on Capital Employed (ROCE) equals net income adjusted for tax-effected interest expense, net noncash MTM derivative gains and losses and other unusual items1 divided by the summation of average equity plus…

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