Core Oil Delaware Basin Pure-Play EnerCom Denver August 20, 2018
Centennial Resource Development Overview Company Overview Asset Map Large, contiguous acreage position located in oil-window of the Delaware Basin Lea 80,100 net acres 90% operated Maintaining competitive cost structure and…
Q2 2018 Well Result Highlights Executing on the transition to pad development Well Productivity Review Cumulative Oil Production (Mbo) Pad Locator Map 45 Q2 2018: Average Extended Lateral1 Ninja Ward FY 2017 Q1 2018 Average…
CWI Long 3-Well Pad Review Most productive wells on CDEV acreage to date Well Productivity Review Cumulative Oil Production (Mbo)1 Upper Wolfcamp A 3-well pad development with an average lateral length of 9,850 CWI Long B U40H is…
Continued 3rd Bone Spring Sand Execution Red Rock A Unit T09H and U04H Test Overview Cumulative Oil Production (Mbo) 40 Red Rock A Red Rock A Confirmation well in the 3rd Bone Spring Unit T09H Unit U04H Sand following the successful…
Advantaged Southern Delaware Midstream Infrastructure Extensive oil gathering and gas gathering / processing infrastructure across CDEVs Reeves County acreage position Essentially all Southern Delaware Basin crude oil production…
Maximizing flow assurance and diversifying price risk Crude & Natural Gas Firm Transportation / Sales Overview Illustrative Takeaway Map Firm transportation / firm sales agreements in place for both crude oil and natural gas…
CDEV achieved superior oil realizations in Q2 Q2 2018 Realized Oil Price (including the effect of derivative settlements) - / Bbl 62.90 60.52 60.11 Realizing 12% more revenue per barrel than peers 58.71 57.91 57.88…
Q2 2018 Summary Results Production Cash flow / capital expenditures Oil production (Bo/d) Oil equivalent production (Boe/d) Adjusted EBITDAX1 ( mm) D&C capex ( mm)3 % oil of total production Net income2 161.6 164.6 231.6 232.0…
2018 Guidance Summary Guidance summary FY 2018 Guidance Update Essentially all unit costs guided downward based on FY 2018 Guidance effective cost-control year-to-date Production Net Average Daily Production (Boe/d) 55,750 -…
Lowest Leverage Profile Net Debt / LQA EBITDAX1,2 Maintaining conservative 1.6x leverage profile 1.4x 1.4x 1.3x Moodys Corporate Rating upgraded on 8/16/18 to B1 0.8x 0.7x from B2 0.6x Liquidity of 612mm as of 6/30/18 Peer…
Summary Large, contiguous acreage position in oil-window of the Northern & Southern Delaware Basin Unhedged on oil - delivering strong oil realizations relative to peers Top-tier mid-cap shale development technical team…
Reconciliation of Adjusted EBITDAX to Net Income Adjusted EBITDAX reconciliation ( thousands)1 Q2 2017 Q1 2018 Q2 2018 3 months ended 3 months ended 3 months ended Adjusted EBITDAX reconciliation to net income: June 30, 2017 March…
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