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March 2019 Corporate Presentation – Parsley Energy Inc.

Parsley Energy Inc. · Mar 26, 2019 · 20 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. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 1
    March 2019 Presentation INVESTOR PRESENTATION 3Q 2017
  2. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 2
    Parsley Energy Overview Parsley Permian Energy Basin Net Acreage Net Leasehold Acreage: 192,000(2) Premier Permian Pure-Play Midland HOWARD (97% Operated) Basin ANDREWS Midland Basin: 150,000 MARTIN LEA Economies of scale and…
  3. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 3
    2018 Highlights Expanded margins through marketing advantages, Leading Oil Price Realizations(2) operating cost compression, and scale benefits 61 Proactive marketing strategy delivered flow assurance 60 Parsley realized positive…
  4. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 4
    Setting the Course for 2019 & Beyond Guiding Principles For an optimal And Accountability Compelling provided foundation 2019 Action Plan will help achieve goals and Long-Term Targets Rate of Return (ROR)-driven Improve capital…
  5. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 5
    Organic Path to Self-Funded Growth Accelerating Free Cash Flow by Prioritizing ROR Boosting Capital Efficiency Inventory depth enables shift in development approach 2019 Action Plan targets 8-10%+ YoY increase ROR focus pulls forward…
  6. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 6
    Long Reinvestment Runway Provides Development Optionality 2019 Action Plan targets 8-10%+ YoY Parsley Drill Spacing Unit (DSU)(1) Other Parsley Acreage (167,000 net acres)(2) (25,000 net acres)(2) increase in capital efficiency…
  7. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 7
    Setting a More Efficient Leading Edge Recalibrating Operational Velocity Defend and Extend Efficiency Gains 2019 Action Plan targets increased footage drilled/completed 1,400 per rig/crew over 2018 levels High-grade crews and…
  8. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 8
    Operational Spotlight Northern Midland County Plans for increased Northern Midland County development highlight Ramping Northern Midland cohesion of operating team and top-tier rock quality County Development Close collaboration and…
  9. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 9
    Operational Spotlight Water Assets Proactive build-out of water infrastructure network with nearly 150 million of cumulative capital investment Saved 12 million on water sourcing, handling, and disposal costs in 4Q18 Permitted…
  10. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 10
    Guidance Summary 2019 Guidance Highlights 2018A 2019E Production Net Oil Production (MBo/d) 69.5 80.0 - 85.0 Budgeting off of 50 WTI with priorities including: Net Production (MBoe/d) 109.4 124.0 - 134.0 Meaningful progress toward…
  11. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 11
    Strong, Flexible Financial Position Advantaged Liquidity Profile(1) Favorable debt maturity schedule Cash on Hand Borrowing Base Availability Drawn on Revolver (%) with earliest notes maturity in 2024 1,400 21% Weighted average…
  12. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 12
    Consistently Efficient Reserve Growth YE18 total proved reserves up 25% YoY (oil up 18% YoY) Proved Reserves Summary(5) YE18 PD reserves up 49% YoY (oil up 43% YoY) Oil Gas NGL Total YE 2018 (MMBo) (Bcf) (MMBoe) (MMBoe) Three-year…
  13. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 13
    Supplementary Slides CLICK TO ADD TEXT SUPPLEMENTARY SUPPLEMENTARY SLIDES SLIDES
  14. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 14
    High Rankings on Key Value Drivers Relative Rank Operating Recycle Horizontal Rigs 2014-2018 Margin(1)(6) Ratio(2)(6) % Oil(3)(6) In Lower-48(4)(6) DAPS Growth(5) Asset Quality Commodity Scale & Growth & Operational Efficiency…
  15. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 15
    Optimizing the 2019 Plan Transformational 2017 Simplified 2018 2019 Action Plan NPV-Focused ROR-Focused Boost capital efficiency by 8-10%+ and Agenda Achieve scale Recapture operational efficiency accelerate progress to self-funded…
  16. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 16
    Hedge Position Open Crude Oil Derivatives Positions 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 Hedging Strategy OPTION CONTRACTS CUSHING Put Spreads Cushing (MBbls/d)(1) 11.7 11.5 19.6 19.6 Long Put Price (/Bbl) 51.43 51.43 59.79 59.79…
  17. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 17
    Adjusted EBITDAX Reconciliation Unaudited, in thousands Three Months Ended December 31, Year Ended December 31, 2018 2017 2018 2017 Adjusted EBITDAX reconciliation to net income: Net income attributable to Parsley Energy, Inc.…
  18. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 18
    Operating Cash Margin Reconciliation Unaudited, in thousands Three Months Ended December 31, Year Ended December 31, 2018 2017 2018 2017 Net income attributable to Parsley Energy, Inc. stockholders 53,773 49,919 369,127 106,774 Net…
  19. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 19
    Impact of ASC 606 Adoption 4Q18 Three Months Ended December 31, 2018 ASC 605 Adjustment ASC 606 Production revenues (in thousands): Oil sales 384,267 -- 384,267 Natural gas sales 6,843 1,919 8,762 Natural gas liquids sales 48,662…
  20. March 2019 Corporate Presentation – Parsley Energy Inc. – slide 20
    Impact of ASC 606 Adoption FY18 Year Ended December 31, 2018 ASC 605 Adjustment ASC 606 Production revenues (in thousands): Oil sales 1,536,244 -- 1,536,244 Natural gas sales 45,032 6,199 51,231 Natural gas liquids sales 200,898…

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