Energy Corporation November 8, Investor Presentation 2018
Page 3 Company overview Delaware Basin pure play Core acreage offset by high- Premier Delaware Basin position1 quality operators 27,100 gross (21,100 net) acres, 90% in derisked core of Basin Strong execution 3Q18 production was…
Page 4 Key investment highlights Pure play operator in the heart of the Delaware Basin Successful transition to development mode driving strong production growth and financial returns Increased oil production by 47% from 2Q18;…
Page 5 2018 pad execution to date Recent and upcoming multi-well packs 3 1 Mustang Appaloosa 2 4 Ranger 1st Sandlot South Mitre 2nd Sandlot 1 2 3 4 nine-pack nine-pack well pack1 nine-pack 3 UWCA 2 UWCB 3 UWCA 3 UWCB 3…
Page 6 Operational highlights 36 horizontal wells completed1, expect to complete 38 wells by year-end 3Q18 total production increased 45% over 2Q18; 3Q18 oil production increased 47% over 2Q18 South Mitre well pack average 24…
Page 7 Strong Lower Wolfcamp results 30 day peak IP rates Successful Lower Wolfcamp results across N. Elephant B301H acreage block 1,389 Boe per day Plan to drill four Lower Wolfcamp wells in Mustang in 4Q18 S. Elephant C207SL One…
Page 8 Thick reservoir column Significant flexibility Strat column Drilled 1,600 foot thick 3rd Bone reservoir column from Spring Bone Spring through Wolfcamp D X/Y Successful completions by Resolute and other Wolfcamp A…
Page 9 Ample access to takeaway Oil gathering infrastructure Resolute very well positioned for flow assurance to end markets Plains pipeline provides reliable oil takeaway EagleClaw/Caprock provides access to multiple processing…
Page 10 Current derivative position Actively reviewing multiple options in the financial and physical markets to further mitigate commodity price and basis risk Hedged production and prices Nov Dec 2018 2019 Nov Dec 2018 Oil…
Page 11 Financial highlights 3Q18 Adjusted EBITDA was 67.7 million, up 101% from 2Q18 EBITDA on 47% increase in oil production 3Q18 per-unit cash-based LOE decreased 17% from 2Q18; 3Q18 per-unit cash-based G&A decreased 46% from…
Page 12 Consistent production growth, improving cost structure Production growth (MBoe per day) Cash costs per Boe1 Low end of guidance High end of guidance 2 Debt-adjusted cash flow per share + 150% + 28% YOY sequentially…
Page 13 Premier Delaware Basin operator Top tier production growth 2018E to 2019E Permian pureplay production growth1 Strong return on average capital employed 2017A to 2019E Permian small and mid-cap ROACE2 1. Companies…
Page 14 2018 current guidance Current guidance 2018 guidance Low High Projected 2018 production Annual MBoe 10,950 11,680 Annual average Boe per day 30,000 32,000 On a volume-weighted basis: Oil 45% Oil and NGL 72% Projected…
Page 15 Positioned for significant value creation Top-tier acreage position; employing efficient full field development to drive significant production growth 3Q18 cash flow increased significantly on results from pad development…
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