Skip to main content Q3 2014 Earnings Presentation – Parsley Energy Inc. | Shale Experts
Loading...
Pm

Q3 2014 Earnings Presentation – Parsley Energy Inc.

Parsley Energy Inc. · Nov 12, 2014 · 19 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 1
    Q3 2014 Earnings Presentation November 2014
  2. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 2
    Parsley Energy Overview Market Snapshot Premier Acreage Position NYSE Symbol: PE Market Cap(1): 2,075 million Net Debt(2): 424 million Enterprise Value(3): 2,499 million Shares Outstanding(2): 126.1 million Production and Reserves…
  3. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 3
    Q3 2014 Overview Q3 2014 Highlights Average Daily Net Production (MBoe/d) Increased average net production 9% QoQ to 15.3 Mboe/d 16 15.3 Raised 2H14 production guidance from 15,50016,500 Boe/d to 17,00017,500 Boe/d 14.0 Spud nine…
  4. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 4
    Horizontal Well Locations and Results Stimulated Number of Peak 24-hr IP Peak 30-day IP Peak 30-day IP Number Well Name County Well Zone Lateral Length Stages (Boe/d) (Boe/d) per 1,000' Lateral % Liquids(1) Core 1 Dusek 45-1HB…
  5. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 5
    Horizontal Well Results 1,800 1,600 PE Daily Well Average IPO Type Curve (1) (2) 1,400 PE Daily Well Average in Core Area Updated Type Curve PE Daily Well Average in Tier 1 Area PE Actual 1,200 Boe/d 1,000 800 600…
  6. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 6
    Horizontal Well Economics Robust Returns Across Market Cycles Rate of Return (%) ROR Sensitivity 70% PE Actual Realized Oil Price 60% Updated Type Curve (1) Breakeven Price per Bbl IPO Type Curve (2) (10% ROR) 50% 70 80…
  7. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 7
    Wolfcamp A/B Stacked Lateral Potential Type Log As Drilled Lateral Placement Cross Section Gun Barrel WC A Wolfcamp A Dusek 44 1HA 395 730 WC UPPER B 332 Wolfcamp B Dusek 44 1HB 335 WC LWR B 120 Strong…
  8. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 8
    Premier Acreage Position Midland Basin Acreage Map Midland Basin Acreage Net Surface Acreage Core Tier 1 Total 42,519 29,178 71,697 Net Effective Acreage Core Tier 1 Total Lower Spraberry 14,603 16,553 31,156 Wolfcamp A 27,362…
  9. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 9
    Substantial Drilling Inventory Midland Basin Drilling Inventory Midland Basin Drilling Inventory Net Horizontal Undrilled Locations Core(1) Tier 1(2) Total(3) Lower Spraberry 63 89 152 Wolfcamp A 149 120 269 Wolfcamp B 143 117…
  10. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 10
    Capital Program and Liquidity Update Strong balance sheet to fund drilling plan, with more than Liquidity 700 million of liquidity at September 30, 2014 Cash of 133 million ( millions) Approved borrowing base of 575 million (up from…
  11. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 11
    Q3 2014 Selected Operating Data Quarter Ended Sept 30, June 30, Sept 30, 2014 2014 2013(1) Net Production Volumes: Oil (MBbls) 733 654 298 Natural gas (MMcf) 2,062 2,020 1,417 NGLs (MBbls) 333 283 - Total (MBoe)(2) 1,410 1,274…
  12. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 12
    Updated 2H14 Guidance Average Costs Horizontal Drilling Activity 1H14 2H14E 1H14 2H14E Previous 2H14E Revised 10.00 10% 30 8.00 8% 25 % of Revenue Wells Spud 20 Per Boe 6.00 6% 7.00 7.00 15 21 - - 6.0% 18 4.00…
  13. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 13
    Hedging Update Oil Positions Oil Hedges Q4-2014 2015 2016 2017 14,000 87.80 90 84.27 82.80 83.39 83.51 83.57 84.11 83.75 Put Spreads (Bbl/day) 641 4,781 8,880 12,000 81.89 85 80.00 80.00 Put Price (/Bbl) 90.00 83.05 84.45 10,000…
  14. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 14
    Southern Delaware Exploration Program Parsleys acreage position in the Coyanosa sub-basin, within the Southern Delaware Basin, has Pennsylvanian-aged rocks in the oil window 52 Square Mile Proprietary 3D Seismic Data Shoot Stacked pay…
  15. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 15
    Midstream Agreement to Support Oil Realizations Recently completed pipeline agreement establishes direct connection to Colorado City Covers approximately half of estimated crude production at beginning of 2015 and bulk of anticipated…
  16. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 16
    Appendix
  17. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 17
    Up-C Structure Overview Similar to other recent IPOs in the energy space, Parsley Energy went public using an Up-C structure Creates two classes of shares A and B Class A includes all of the shares that were sold to the public, plus…
  18. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 18
    Corporate Structure Legacy Owners: Public Management Shareholders Class A Common Stock Class A/B Common Stock and Other 45.9% voting power of PE(1) 54.1% voting power of PE(1) Investors Parsley Energy, Inc. (NYSE: PE) 25.7%…
  19. Q3 2014 Earnings Presentation – Parsley Energy Inc. – slide 19
    EPS Adjusted for the Up-C and Non-Recurring Items Three months ended Nine months ended September 30, 2014 September 30, 2014 Net income attributable to Parsley Energy Inc. Stockholders 16,867 (19,791) Derivative loss (gain) (11,767)…

From the store

Browse maps, data & reports in the Shale Experts store