2018 Strategic Initiatives Delivered on All Initiatives in 2018 Strategic Initiative 2018 Result Completed the acquisition and integration of seismic data throughout acreage to inform Increase technical understanding of the…
Fourth Quarter 2018 Highlights Fourth Consecutive Quarter of Solid Operational Execution OPERATIONS RETURNS 38.4 MBOE/d 76% 10 161.0 MM 13% (9.4 net) 4Q PRODUCTION OIL PRODUCTION WELLS TURNED DEVELOPMENT CAPITAL ROCE(1) MIX…
3-Year Annual Lookback Since IPO, JAG Has Generated Attractive Production, Cash Flow and Reserves Growth Average Daily Production Capital Expenditures versus Net Wells Turned Online 38.339.8 41.3 ( MM) 711.0 Equivalent Production…
Continued Reserve Growth Increased Proved Reserves by 44% Year over Year YE18 total proved reserves up 44% year over year Proved Reserves Summary Proved developed reserves up 89% year over year Oil Gas NGL Total Two-year proved…
Continued Solid Well Performance Wolfcamp A Wells Continue to Outperform Wolfcamp A Wells by Vintage Key Drivers of Improved Performance 500 Improved reservoir characterization identifies high-graded target intervals 400…
2019 Program and Guidance 8
2019 Guidance Focused on Capital Efficiency to Protect Strong Balance Sheet, Multi-year Growth Story Remains Intact Capital Expenditures(1) (MM) 2019 Guidance Summary 711 665 Decreased DC&E costs by 2019 Guidance 605 15% from 2018…
2019 Program Overview Weighted to Whiskey River and Cochise Development while Continuing Key Development Initiatives 2019 Operated Program JAG Acreage % Oil 2019 Wells Turned Online by 5 rigs, 1+ frac crews deliver 54 gross wells…
Drilling and Completion Efficiencies Improving Efficiencies Drive Down Costs and Improve Returns Drilling Metrics Continue to Improve Improving D&C Efficiencies 9% improvement in feet drilled per day per rig from 2017 New, high-spec…
Financial Update 12
Strong Financial Position Company Maintains Ample Liquidity and Low Leverage Profile Current borrowing base of 900 million with 540 million Capitalization Table as of December 31, 2018 of commitments in millions 35 million of…
Hedging Update Current Hedge Book Protects Cash Flows Through 2020 With Capacity to Opportunistically Add More Hedges WTI Swaps Jagged Peak has hedged 30 59.95 59.95 59.95 59.95 60.82 60.82 60.82 60.82 significant volumes…
Investment Case for Jagged Peak Top-Tier Asset, Peer Leading Returns 79,500(1) net acre contiguous position in the deep, over-pressured oil window of the Premier Asset in Southern southern Delaware Basin Extensive inventory of…
Appendix 16
Fourth Quarter 2018 Operating Results Three Months Ended Twelve Months Ended December 31, December 31, 2018 2017 2018 2017 Production volumes: Oil (MBbls) 2,673 1,771 9,620 4,979 Natural gas (MMcf) 1,968 1,377 7,992 3,601 NGLs…
Non-GAAP Reconciliation Three Months Ended Twelve Months Ended December 31, December 31, 2018 2017 2018 2017 (in thousands, except per share and per Boe metrics) Adjusted Net Income (Loss) Net income (loss) 186,346 12,763 165,458…
Organic Proved Developed Finding and Development Costs Organic proved developed finding and development (F&D) costs is a financial measure that is used by management to assess the relative amount of development capital needed to develop…
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