May 2018 Investor Presentation – Jagged Peak Energy Inc

Jagged Peak Energy Inc · May 14, 2018 · 23 slides

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Slides

Investor Presentation May 2018
Jagged Peak A Leading Delaware Basin Pure Play Leasehold Map 1Q18 net production of 27,596 Boe/d, an increase of 15% compared to 4Q17 2Q18 net production guidance of 31,000 - 32,000 Boe/d Cochise 1Q18 leasehold of 77,700 net…
Production Ramp Continues Year-over-year production growth of 182% 1Q18 versus 4Q17 growth of 15% On track for 2Q18 net production of 31,000 - 32,000 Boe/d (24,500 - 25,500 Bo/d) Placed on production 9 wells quarter-to-date (1) FY…
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…
Integrating 3D Seismic Into Core Development Program 3D Seismic Update Leasehold Map (1) Cochise: Complete Whiskey River: Fast tracked data arriving now with full data anticipated in August Cochise Big Tex: Data acquisition…
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…
Continued Efficiency Improvements Drilling Performance Drilling Commentary 13% QoQ improvement in footage drilled per Footage Drilled per Day per Rig 760 day Mud system design change implemented across 671 the rig fleet 633…
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…
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, 3rd Bone Upside…
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…
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 778 116 2,083 660' Spacing 472 717…
Flow Assurance Oil Takeaway Secured Regional Gathering & Transportation Overview Substantially all oil production currently on pipe Committed shipper on Oryx gathering system Midland Regional Hub providing flow assurance to key…
2018 Guidance Development Program Highlights 2018 Guidance Summary 2018 capital focused on managing activity in coordination 2018 Guidance Range with data acquisition and interpretation while increasing Production production and…
Strong Financial Position Focus on discipline and financial flexibility Maintain conservative capital structure and liquidity Capitalization Table as of March 31, 2018 Well capitalized balance sheet As of Pro Forma Pro Forma in…
Appendix 15
Hedging Update WTI Swaps 52.43 52.69 54.17 54.46 54.82 54.82 54.82 54.82 22,500 Weighted Average WTI Oil Price Oil Volumes Hedged (Bbls/d) 20,000 50.00 17,600 17,450 17,500 71% of oil production guidance 15,597 15,516…
Leasehold Summary Leasehold Stats Leasehold Map Cochise 12,900 net acres 51% HBP Cochise 0% CDO 304 future drilling locations (1) Whiskey River 35,800 net acres 76% HBP 4% CDO 1,201 future drilling locations (1) Whiskey…
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…
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…
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. 20
Delivering as Promised Consistent Peer Leading and Top Tier Results Industry leading oil content 1Q18 Oil Content 1Q18 Oil & Gas Revenue (1)(2) drives superior revenue 53.30 (% oil) ( / Boe) 51.90 50.55 Established…
First Quarter 2018 Operating Results 1Q17 1Q18 % Change Average Daily Production Oil (MBo/d) 8.3 21.9 164% NGL (MBbl/d) 0.8 2.7 224% Gas (MMcf/d) 4.1 18.5 350% Total (MBoe/d) 9.8 27.6 182% Cash Opex ( / Boe) LOE 1.83 3.91…
Non-GAAP Reconciliation Three Months Ended Twelve Months Ended March 31, December 31, 2018 2017 (in thousands) (in thousands) Adjusted Net Income (Loss) Net income (loss) (39,403) (465,881) Adjustments to reconcile to Adjusted net…

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