2018 Strategic Initiatives Continued Strong Third Quarter Execution, Meeting 2018 Initiatives Strategic Initiative 3Q18 Progress Integrated 3D seismic data into Cochise and Whiskey River drilling program Increase technical…
Third Quarter Recap Strong growth in production and adjusted EBITDAX Strong adjusted EBITDAX margin(1) of 35.70 per Bbl Production 34.6 36.1 27.6 24.2 MBoe/day 19.2 Adjusted EBITDAX(1) 118.6 118.6 85.5 in…
Solid Operational Performance High-growth Oily Asset With Competitive Cost Structure Industry leading oil content 3Q18 vs. 3Q17 Production Growth 3Q18 LTM Oil Content drives superior revenue (% oil) Established infrastructure 88%…
Attractive Corporate Level Returns Low-cost, High-margin Asset Base Drives High Return on Capital Employed (ROCE) Profitable wells coupled with attractive corporate margins drive strong full-cycle returns Oily asset base drives…
Updated 2018 Guidance Increasing Production, Reducing Costs, Reaffirming Capital Updated 2018 Guidance Summary Updated 2018 Previous 2018 Strong well performance and increased Guidance Guidance activity resulted in third consecutive…
Operational Highlights 8
2018 Whiskey River Well Performance Wolfcamp A Wells Continue to Outperform Wolfcamp A Wells by Vintage 2018 Wolfcamp A wells are 500 outperforming type curve and 2017 vintage wells JAG 1.2 MMBoe Type Curve 2017 Whiskey River…
Oil Takeaway Capacity Firm Sales and Transportation Contract Increases Flow Assurance and Mitigates Pricing Risk Regional Gathering & Transportation Overview Flow assurance for oil is secured through 2020 Substantially all JAG…
Drilling and Completion Efficiencies Focus on Improving Efficiencies to Drive Down Costs and Improve Well Results Drilling Commentary Improving D&C Efficiencies 10% improvement in average footage drilled per day per rig from 2017…
Financial Update 12
Strong Financial Position Company Maintains Ample Liquidity and Low Leverage Profile Retermined borrowing base on November 7, 2018 at 900 Capitalization Table as of September 30, 2018 million; commitments remain at 540 million in…
Hedging Update Added hedges through 2020 to protect cash flows and mitigate risk of widening basis differential WTI Swaps Jagged Peak has hedged 30 59.95 59.95 59.95 59.95 60.82 60.82 60.82 60.82 Weighted Average WTI Oil Price…
Investment Case for Jagged Peak Top-Tier Asset, Peer Leading Returns 78,900(1) net acre contiguous position in the deep, over-pressured oil window of the Premier Asset in Southern Delaware Basin Extensive inventory of high-margin…
Appendix 16
Third Quarter 2018 Operating Results Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Production volumes: Oil (MBbls) 2,531 1,383 6,947 3,208 Natural gas (MMcf) 2,139 1,136 6,025 2,224 NGLs…
Non-GAAP Reconciliation Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 (in thousands) Adjusted Net Income (Loss) Net income (loss) (26,566) (15,219) (20,888) (464,697) Adjustments to reconcile…
Asset Overview Three Concentrated Project Areas in the Southern Delaware JAG Acreage Whiskey Cochise Big Tex River 0 5 10 % Oil Miles Current Acres (net) (1) 12,900 35,500 30,500 Cochise PDP Locations (2) 23 73 10 Undrilled…
Water Infrastructure Overview Owned and Operated Water Infrastructure Provides Operating and Cost Advantages Water infrastructure provides Area SWD Capacity Freshwater Capacity 100% of water requirements Whiskey River 120 MBw/d 130…
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