FOCUSED Creating value through operational excellence EnerCom Oil & Gas Conference August 20-21, 2018
Premier Pure-Play Eagle Ford Oil Producer Strong Investment Thesis Premier Eagle Ford Acreage Position Eagle Ford Acreage(1) Large Position in Eagle Ford Oil Window 404,000 net acres 3,200 net locations Emerging Austin Chalk…
WRD Among Largest Eagle Ford Operators Operator Acreage Positions(1) Net Acreage Positions(1) Eagle Ford Shale (000s Acres) Oil Wet Gas/Condensate EOG Resources 520 Dry Gas (2) BP 431 WildHorse 404 Magnolia 359 Sanchez 286…
Returns Focused Strategy Deliver Profitable Prudently delineate large, contiguous acreage position Growth and Value Develop emerging Austin Chalk play and other zones Creation Continue successful acquisition strategy at attractive…
Creating Value Through Results-Driven Execution 2018 Objectives Recent Highlights Complete North Louisiana divestiture Closed divestiture March 2018 Brought online 47 gross Eagle Ford wells across Further delineate Eagle Ford…
Controlling Our Destiny Developing In-Field Sand Mine Overview In-Field Location Reduces Costs Annual capacity of 2.0 MM tons WRD 2018 sand demand of 1.2 MM tons 40 years of reserves at current pace Grain and mesh consistent…
Midstream, Vendor Services, Water and Infrastructure Overview Significant Midstream & Vendor Infrastructure Optionality Around Takeaway Capacity Multiple vendors with limited long-term contracts for key services provides flexibility…
Visible Takeaway Capacity at Premium Pricing Current Status: 100% WTI Realization(1) Significant Takeaway Optionality Substantially all WRD oil production on pipeline to OK AR NM Gulf Coast and sold at LLS premium pricing TX LA…
WRD Eagle Ford Has Advantaged Oil Pricing Gulf Coast Offers Superior Realizations Q218 Comparative Basin Differentials(2) Advantaged pricing due to proximity to (5.90) Gulf Coast and superior markets WRD Premium to: Bakken Permian…
Large Eagle Ford Position Reflects Opportunistic Consolidation Strategy 1st CWEI and Comstock SM Energy January 2015 Multiple Acquisitions Sept 2015(1) 2nd CWEI December 2015 June/July 2015 Previous Position Previous Position…
Delineation Results Continue to be Excellent Eagle Ford producing Horizontal Well Activity(1) Ascari B 1H Wilde EF 1H / Teal EF 1H(4) wells exist across entire EUR: 110 Boe/Ft EUR: 91 Boe/Ft IP30 = 711 Boe/d (91% oil) IP30 = 602…
WRD Eagle Ford Acreage Has Attractive Reservoir Properties Geology Overview Eagle Ford Maturity Window Gross Lower Eagle Ford thickness ranges from 50 to 100 across the acreage position Geosteering focusing on the high…
WRD Well Economics Eagle Ford Type Curve Austin Chalk Type Curve IP-30 (Bbl/d) 621 IP-30 (Bbl/d) 126 Oil Oil Oil EUR (MBbl) 508 Oil EUR (MBbl) 123 IP-30 (Mcf/d) 480 IP-30 (Mcf/d) 6,740 Gas Gas Gas EUR (MMcf) 234 Gas…
Eagle Ford 2017 Proved Reserve Growth Reserves Overview Proved Reserves Breakout 2017 Proved Reserves 2017 Proved Reserves PV-10(1) of proved reserves increased by 412% to 12% 3.2 billion at YE 2017 Oil 86 15% PD 268% increase in…
Strong Balance Sheet and Liquidity Position Financial Highlights Capitalization & Liquidity 6/30/2018 - MM Ample liquidity of over 800 million in cash and WRD Revolving Credit Facility Drawn 249 6.875% Senior Notes(1) 700 undrawn…
Industry-Leading Metrics at an Attractive Valuation Debt Adjusted Production Growth 17-18E(1) 2018E ROCE(2) 15% 60% 50% 40% 10% Peer avg 27% Peer avg 7% 30% 20% 5% 10% 0% 0% SRCI WRD CRZO LPI SN OAS WPX WLL QEP 2019…
Full Year 2018 Guidance (as of February 12, 2018) FY 2018 Guidance Low High Net Average Daily Production (Mboe/d) 46 49 Oil (Mbbls/d) 31 35 Natural Gas (MMcf/d) 45 55 NGLs (Mbbls/d) 5 7 Average Costs (per Boe) Lease…
Premier Eagle Ford Pure-Play Oil Producer Large Position in Eagle Ford Oil Window Proven Ability to Execute Advantaged Oil Price Differentials & Access to Markets Top-Tier Returns, Growth and Margins Abundant Service…
APPENDIX
WRD Ownership Chart NGP and The Carlyle Group Public 450MM Series A Perpetual Management(1) Convertible Preferred Stock Stockholders 46.8%(2) 24.1%(2) 29.1%(2) Company Shares Breakout WildHorse Resource Total Common Shares…
WRD Perpetual Convertible Preferred Equity Summary Issuer WildHorse Resource Development Corporation (NYSE: WRD) Purchaser The Carlyle Group, through its U.S. buyout fund Carlyle Partners VI Size 450.4 million liquidation preference…
Reconciliation of Adjusted EBITDAX This presentation and accompanying schedules include the non-GAAP financial measure Adjusted EBITDAX. The accompanying schedule provides a reconciliation of the non-GAAP financial measure to its most…
Cautionary Statements and Additional Disclosures Cash General and Administrative Expenses Our presentation of cash general and administrative (G&A) expenses is a non-GAAP measure. We define cash G&A as total G&A determined in…
Cautionary Statements and Additional Disclosures GP&T Revenue Recognition Reconciliation Second Quarter 2018 The table below reconciles gathering, processing and transportation (GP&T) expense to the reporting convention prior to the…
WildHorse Company Tear Sheet Profile Investors WildHorse Resource Development Investor Relations: Contact: Corporation is an independent oil and Pearce Hammond, CFA natural gas company focused on the Vice President, Investor Relations…
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