Viper: Investment Highlights 2Q 18 distribution of 0.60, up 25% quarter over quarter and 81% year over year; 9th consecutive quarterly distribution increase and 7th consecutive record distribution 2Q 18 production of 16,323 Boe/d (71%…
Viper Energy Partners Overview Royalty MLP with industry leading growth and returns profile: Viper Mineral Assets 81% increase in distributions year over year VNOM royalty acreage Targeting 52% annualized production growth for 2018…
Viper: Proven Differentiated Growth Story Viper has outgrown public royalty peers on a per unit basis due to significant organic growth driven by Diamondbacks drill bit and targeted, high visibility acquisitions Vipers acquisition…
Continued Year Over Year Growth and 2018 Outlook Year Over Year Transformation 2018 Production and Cost Outlook 2Q17 2Q18 16,323 Targeting over 50% y/y production growth in 2018 10,491 0.10 - 0.20 Daily Production Gathering &…
Industry Leading Return on and Return of Capital Cumulative Quarterly Distributions Since IPO (/Unit) 5.00 3Q '14 4Q '14 1Q '15 2Q '15 Cumulative Distributions 3Q '15 4Q '15 1Q '16 2Q '16 Quarterly Distribution 3Q '16 4Q '16 1Q '17…
Benchmarking Viper Against Yielding E&P C-Corps Viper offers industry leading growth and returns of capital, without the capital requirements of traditional working interest E&P companies LQA Yield + 2019E Forward Yield(1) '18 Capex…
High Quality Growth Focused on Per Unit Returns Mineral acres provide organic growth without Net Production spending capital on drilling or operating (Boe/d) (Boe/d per mm units) expenses 16,323 132 107 18 Acquisitions further…
Significant Undeveloped Resource Potential On a pro forma basis, Viper has a concentrated 13,024 net royalty acres in the Permian Basin and 681 net royalty acres in the Eagle Ford; 39% of total acreage is operated by Diamondback…
Diversified Exposure to Competent Operators Viper, as mineral owner, is subject to the underlying Oil Production Exposure(1) takeaway position of its operators As a result, Viper has been selective under which operators it buys…
First Drop Down from Diamondback Net Royalty Acres: 1,696 (80% FANG operated) NTMe Production(1): 960 boe/d (81% oil) NTMe Cash Flow(2): 17.6MM 2018: 29 wells drilled or on current drill schedule 2019: Over 50 wells scheduled,…
Acquisition Summary Since End of Q1 2018 Basin Purchase 2Q '18 2Q 18 Selected Size Current Key Counties Price Production Annualized Cash Permits Rigs Midland Delaware Operator(s) (NRA) Yield (2) (mm) (Boe/d) Flow (1) Drop Down…
Permian Acquisitions Completed Since End of Q1 2018 Since the end of Q1 2018, excluding the pending drop down from Diamondback, Viper has acquired 1,163 net royalty acres in the Delaware Basin and 318 net royalty acres in the Midland…
Eagle Ford Continues to Exceed Expectations Attractive Position in the Core of the Eagle Ford Provides Exposure to Oil-Weighted Production with Industry-Leading Single Well IRRs Exceeding 100% Eagle Ford Acquisition Overview of…
Viper: Moving Into an Expanded Peer Group Vipers Corporate tax status election increases access to capital, potential investor base and peer group of Companies U.S. Listed E&P Companies with a Market Cap 43 between 1bn and…
How Viper Defines a True Net Royalty Acre Methodology for deriving Net Royalty Vipers Formula for Net Royalty Acreage Acreage differs widely across the industry Many companies calculate assuming there are eight royalty acres for…
Industry Leading Cash Margins Viper Cash Margins Versus Permian E&Ps(1) Cash Margin (/Boe) % of Realized Price 50 45.54 100% Cash Margin (% of Realized /Boe) 45 90% 40 91% 35 80% 82% 81% 30 80% 77% 75% 70% /Boe 75%…
Financial Overview Financial Strategy Viper Capitalization Maintain Financial Flexibility Borrowing base increased to 475 million in Spring 2018 ( in millions) 6/30/2018 Pro Forma (2) Pay Substantially All Cash Available for…
Final Thoughts Viper Energy Partners offers yield, significant production growth, drop down visibility and upside to commodity price recovery Deal flow remains robust and continues to increase Significant growth in assets and…
Viper Energy Partners LP Kaes Vant Hof, President 500 West Texas Ave., Suite 1200 (432) 221-7430 Midland, TX 79701 mineralsviperenergy.com www.viperenergy.com Adam Lawlis, Director, Investor Relations (432) 221-7430…
Loading...
