Jagged Peak Overview A Leading Delaware Basin Pure Play Delaware Basin (1) Large contiguous position in the deep, over-pressured oil window of the Yoakum Delaware Basin 79,300 net acres with average WI 88% laid out in blocky,…
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…
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…
Production and EBITDAX Recap Strong Growth in Production and Adjusted EBITDAX Strong adjusted EBITDAX margin(1) of 35.93 per Bbl(2) Production 32.8 MBoe/day 17.0 Adjusted EBITDAX(1) 401.0 5.6 2.4 in millions 2015…
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…
2018 Whiskey River Well Performance Wolfcamp A Wells Continue to Outperform Wolfcamp A Wells by Vintage 2018 Wolfcamp A wells are 450 outperforming type curve and 2017 Whiskey River 2018 Whiskey River JAG 1.2 MMBoe Type Curve…
Utilizing 3D Seismic in Well Planning and Geosteering Early Results Showing Significant Improvement Over Legacy Wells Geo-Steering using 3D in Cochise Improving Execution Utilizing 3D W E Utilizing 3D seismic to guide landing and…
Big Tex Showing Promising Results First 3rd Bone Spring Well Outperforming Type Curve 3rd Bone Spring to Wolfcamp B Isopach New Target Showing Promise Strong results from first test of 3rd Bone Spring target in Big Tex, PE trending…
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…
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 Committed shipper on Oryx…
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…
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 17
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…
Proving-up Additional Inventory Whiskey River Type Log Collier 1201 Current location inventory includes Current Location Inventory the well-delineated Upper / Lower Active Appraisal Wolfcamp A, Wolfcamp B, 3rd Bone Upside Target…
Incredible Oil Column Significant Upside Beyond Current Target Zones Cochise University 2801 Whiskey River Collier 1201 Big Tex BTS 501 Current Zone OOIP: 106 MMBo/sec Current Zone OOIP: 112 MMBo/sec Current Zone OOIP: 58 MMBo/sec…
Extensive Drilling Inventory With Long Laterals Current Target Drilling Locations in Well Delineated Formations Identified Locations by Formation TBD TBD 600+ 2,700 WDFD WC C 778 116 2,083 660' Spacing 472 717 Wolfcamp…
3D Seismic Shoots Cochise: Jumano data is in house and processed; integrated into drilling program to assist in geo steering during 2Q18 Whiskey River: Coyanosa Phase I fast track data received; expecting fully processed data was…
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…
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