2Q Overview Adjusted EPS Adjusted EBITDA Adjusted EBITDA Margin 0.79 Exceeds consensus of 0.68 179 MM Exceeds consensus of 164MM 34 /Boe Driven by high-margin Eagle Ford Total Production Oil Production Total Operating…
Executing on Corporate Initiatives Strategic Operational Elected to shift capital from the Completed rig shift to the Eagle Delaware Basin to the Eagle Ford Shale in order to rebuild an Ford Shale over the next 12-18 inventory of…
The Eagle Ford Pivot Shifting Capital to the Eagle Ford Drives Enhanced Results Plan Summary LLS/Midland Basis Differentials 10 Shift two of the four rigs that were LLS-Cushing originally planned to be drilling in the 0 /Bbl…
2018 Development Plan Synergistic Development of High-quality Assets 800 - 825 MM Capital Budget 2H18 Program Highlights Focus on high-return oily plays 4-rig development program in the Eagle Ford Shale 90% 2-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 2Q Highlights Historical Production 16-well multipad development in the Brown 50 Trust project area continues to deliver 40 strong production MBoe/d 30 Reduced unit operating expenses by 8%…
Eagle Ford Shale Strong Performance from Brown Trust Multipad 16 Downtime for facilities/tubing Production (MBbls/d, MMcf/d) 14 12 10 8 6 4 Crude Oil 2 Wet Gas 0 3/31 4/14 4/28 5/12 5/26 6/9 6/23 7/7 7/21…
Delaware Basin Operations Summary 2Q Highlights Historical Production Multiple Wolfcamp A wells achieved crude oil 20 production rates of 1,000 Bbls/d 15 Increased production by 30% versus the prior MBoe/d quarter 10…
Delaware Basin Strong Results from Wolfcamp A and B 225 200 Cumulative Production, Mboe* 8 175 1 150 Reeves 34 2 125 56 100 Ward 7 75 50 WCA 25 WCB Wolfcamp A Wolfcamp B 0 0 30 60 90 120 Producing Days 30-Day…
Financial Summary 2Q Highlights Revenue Drivers Exposure to premium-priced LLS market 70 55 continued to drive strong crude oil netbacks 60 50 50 MBoe/d Production exceeded expectations while cost /Boe 40 45 control was…
Guidance Summary Actual Guidance Highlights 2Q 2018 3Q 2018 FY 2018 Production Volumes: High-end of guidance range maintained Total (Boe/d) 57,077 62,000 63,000 58,700 60,100 despite the impact of a non-operated Crude Oil % 66% 65%…
Non-GAAP Reconciliation Reconciliation of Net Income Attributable to Common Shareholders (GAAP) to Adjusted Net Income Attributable to Common Shareholders (Non-GAAP) 2Q 2018 In Thousands Per diluted Share Net Income Attributable…
Non-GAAP Reconciliation Reconciliation of Net Income 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 2Q 2018 (In thousands,…
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