2018 Strategic Initiatives Strong Second Quarter Execution, Meeting 2018 Initiatives Strategic Initiative 2Q18 Progress Integrated seismic data into Cochise drilling program; resulted in a 100% optimally placed Increase technical…
Second Quarter Recap Strong growth in production and adjusted EBITDAX Production Strong adjusted EBITDAX growth in 2Q18 resulting from 34.6 improved EBITDAX margin of 37.71 per Bbl, and 27.6 robust production growth 24.2…
Solid Operational Performance High-growth Oily Asset With Competitive Cost Structure Industry leading oil content 2Q18 vs. 2Q17 Production Growth 2Q18 LTM Oil Content drives superior revenue 135% Established infrastructure and (%…
Attractive Corporate Level Returns Low-cost, High-margin Asset Base Drives High Return on Capital Employed (ROCE) Profitable wells coupled with attractive corporate margins drive strong full-cycle returns Oily asset base drives…
Updated 2018 Guidance Increases to activity, production, and capital 2018 Development Program Changes Updated 2018 Guidance Summary Updated 2018 Previous 2018 Guidance Guidance Production Average Daily Equivalent Production 32.0…
Operational Highlights 8
Second Quarter Well Performance Notable wells in Whiskey River Cumulative Plot for 2Q18 Wells Brought Online Strong IP30 Results from Whiskey River 20 Whiskey River 18 16 Bigfoot 106105B-34 51H Cumulative Production…
Utilizing 3D Seismic in Well Planning and Geosteering Early Results Showing Significant Improvement Over Legacy Wells Geo-Steering using 3D in Cochise Improving Execution Utilizing 3D W E Currently utilizing 3D seismic to guide landing…
Drilling and Completion Efficiencies Focus on Improving Efficiencies to Drive Down Costs and Improve Well Results Drilling Commentary Drilling Performance Set Company spud-to-TD drilling record in 2Q18; drilled a well with 21,000…
Big Tex Showing Promising Results First 3rd Bone Spring Well Outperforming Type Curve 3rd Bone Spring to Wolfcamp B Isopach New Target Showing Promise Strong results from first test of 3rd Bone Spring target in Big Tex, trending above…
Financial Update 13
Strong Financial Position Company Maintains Ample Liquidity and Low Leverage Profile Completed private placement of 500 MM of 5.875% senior unsecured notes due 2026 in May 2018 Capitalization Table as of June 30, 2018 Net proceeds…
Hedging Update Added hedges through 2020 to protect cash flows and mitigate risk of widening basis differential WTI Swaps Jagged Peak has hedged 30 59.95 59.95 59.95 59.95 60.82 60.82 60.82 60.82 Weighted Average WTI Oil Price…
Investment Case for Jagged Peak Top-Tier Asset, Peer Leading Returns 79,300(1) net acre contiguous position in the deep, over-pressured oil window of the Premier Asset in Southern Delaware Basin Extensive inventory of high-margin…
Appendix 17
Second Quarter 2018 Operating Results 2Q18 2Q17 %Change Average Daily Production Oil (MBbls/d) 26,921 11,858 127% NGL (MBbl/d) 3,575 1,540 132% Gas (MMcf/d) 24,399 7,896 209% Total (Mboe/d) 34,562 14,714 135% Cash Opex (/Boe) LOE…
Non-GAAP Reconciliation The following tables provide reconciliations of the GAAP financial measure of Net Income (Loss) to the non-GAAP financial measures of Adjusted Net Income (Loss) and Adjusted EBITDAX. A description of the…
Asset Overview Three Concentrated Project Areas in the Southern Delaware JAG Acreage Whiskey Cochise Big Tex River 0 5 10 % Oil Miles Current Acres (net) (1) 12,900 36,000 30,400 Cochise PDP Locations 20 62 9 Undrilled…
Water Infrastructure Overview Owned and Operated Water Infrastructure Provides Operating and Cost Advantages Water infrastructure provides Area SWD Capacity Freshwater Capacity 100% of water requirements Whiskey River 120 MBw/d 155…
Oil Takeaway Capacity Oil Pipeline Capacity Secured to Maintain Flow Assurance Regional Gathering & Transportation Overview Midland Regional Hub JAG Leasehold Substantially all oil production currently on Key Regional Hub Oryx…
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