Barclays CEO Energy-Power Conference Tim Leach, Chairman and Chief Executive Officer September 2018
Concho Resources Leading Development of the Permian Basin Leadership Position The Permian Basin 640,000 net acres Our home for 30+ years Home-field advantage with HQ in Midland, Texas New Mexico Shelf Midland New Mexico Basin The…
Global Context Innovation and Technology Game Changers for U.S. Oil Growth Millions of Barrels of Crude Oil Produced Per Day The U.S. Oil Growth Story Is a Permian 2008 2018 Russia 9.3 Russia 10.6 Oil Growth Story Saudi Arabia 9.1…
Well Positioned with Unique Competitive Advantages Leveraging Our Advantages to Deliver Growth and Value Our Advantages Breadth and Depth Execution Strength Superior Capital of High-Quality Financial Strength and Scale Efficiency…
Well Positioned with Unique Competitive Advantages Leveraging Our Advantages to Deliver Growth and Value Our Advantages Breadth and Depth Execution Strength Superior Capital of High-Quality Financial Strength and Scale Efficiency…
Execution Strength and Scale What It Means to Us and Why It Matters What It Means Why It to Us Matters Allocating capital to high- return projects Drives production growth and free cash flow Running a large, manufacturing-like…
Allocating Capital to High-Return Projects Track Record of Efficient Capital Allocation Execution Strength Drives Production Growth and Free Cash Flow 228 229 and Scale 211 80.00 193 Allocating capital to 181 185 high-return…
Running a Large, Manufacturing-Like Program Leading Large-Scale Development in the Permian Basin Execution Strength Maximizes Resource Recovery and Economics and Scale Four Dimensions of Full-Field Development: Allocating capital to…
Moving Acquired Assets into Manufacturing Mode Project Spotlight Midland Basin Ted Johnson Project Midland Basin Ted Johnson Project Thirteen, 2-mile wells targeting 5 zones Lateral placement and completion design leverages: Ted…
Leveraging Technology and Data Learning More, Faster and Quickly Transferring Across the Portfolio Execution Strength Accelerating Innovation and Scale Drilling Completions Productivity Allocating capital to high- Proprietary…
Manufacturing Precision Rapidly Optimizing Development with Large-Scale Projects and Technology Manufacturing Mode Example: Proprietary Geocellular Model Contributes to Our Most Incorporates new technology, legacy data and proprietary…
Building for the Future High-Grading Assets Through Continuous Portfolio Management Execution Strength Concho Acreage Then: 2016 and Scale Allocating capital to high- New Mexico Shelf return projects Running a large,…
Building for the Future High-Grading Assets through Continuous Portfolio Management Execution Strength Concho Acreage Now and Scale Balanced portfolio Allocating capital to high- New Mexico Shelf within the Permian return projects…
Managing Risk Mitigating Volatility Execution Strength Oil Takeaway: The Basin Has Been Here Before and Scale CXO Oil Production (MBopd) Midland-Cushing Differential (/Bbl) Firm Sales Agreements Midland Netback / Midland Basis (/Bbl)…
Track Record of Execution Strength 10-Year Production Growth per Debt-Adjusted Share (CAGR)1 Peers 22% 20% 21% 9% 8% 8% 6% 6% Average2: 4% 0% 0% 0% 0% 0% A B C D E F G H I J K L M N O -3% -4% -6% Source: Bloomberg.…
An Attractive Investment Thesis Leveraging Competitive Advantages to Deliver Sustainable Performance Delivering production growth and free cash flow Peer leading oil growth and 250mm free cash flow1 over past two years Maximizing…
2Q18 Northern Delaware Basin Quickly Advancing Large-Scale Development 2Q18 Project Highlight Northern Delaware Basin 1 Columbus 4-well development project targeting the Wolfcamp A zone spacing Avg. per well 30-day peak rate 3,163…
2Q18 Midland Basin Maximizing Scale Advantage 2Q18 Project Highlights Midland Basin 1 PFU 102/103 5-well, multi-zone development project Targets include: Spraberry, Wolfcamp A and Wolfcamp B Martin Avg. per well 30-day peak rate…
Jumpstarting Large-Scale Development on RSP Assets Key Value Levers Unlock Significant Value on Day 1 Directing Capital & Resources to Key Large-Scale Projects Across Entire Portfolio Manufacturing Mode Long-lateral development…
Reconciliation of Net Income to EBITDAX (Unaudited) EBITDAX (as defined below) is presented herein and reconciled from the GAAP measure of net income because of its wide acceptance by the investment community as a financial indicator.…
Costs Incurred (Unaudited) The table below provides the costs incurred for oil and natural gas producing activities for the periods indicated: Three Months Ended June 30, March 31, December 31, September 30, June 30, March 31, December…
Hedge Position Includes RSP Commodity Derivative Positions 2018 2019 2020 REMAINING 2018 Third Fourth Total Total Total OIL BASIS SWAPS Oil Price Swaps1: Volume (Bbl) 12,574,318 11,666,007 24,240,325 38,768,000 16,726,000 113 MBopd…
2018 Operational & Financial Outlook Includes RSP Beginning on the Acquisition Closing Date (July 19, 2018) 2018 3Q18 PRODUCTION Guidance 280-285 MBoepd Production (65% oil) Production (MBoepd) 260 - 263 Crude oil production mix 64%…
Loading...
