Skip to main content Setting The Record Straight – PDC Energy, Inc. Investor Presentation | Shale Experts
Loading...
Pm

Setting The Record Straight – PDC Energy, Inc.

PDC Energy, Inc. · May 13, 2019 · 16 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. Setting The Record Straight – PDC Energy, Inc. – slide 1
    SETTING THE RECORD STRAIGHT May 13, 2019
  2. Setting The Record Straight – PDC Energy, Inc. – slide 2
    Setting the Record Straight on Kimmeridges Faulty Assertions Kimmeridge continues to cherry-pick and otherwise misrepresent the facts regarding PDC Kimmeridges faulty assertions Reality PDC is a best-in-class operator in the…
  3. Setting The Record Straight – PDC Energy, Inc. – slide 3
    1 Wattenberg Performance Differentiates PDC Yet is Completely Ignored by Kimmeridge Kimmeridge intentionally mischaracterizes PDCs operational track record Wattenberg Production by Basin Delaware Utica (MMBoe) Kimmeridge completely…
  4. Setting The Record Straight – PDC Energy, Inc. – slide 4
    1 Core Wattenberg Track Record of Operational Excellence Wattenberg Drilling Feet per Day PDC is the best-in-class operator in the Wattenberg Field (Per Rig) 3,000 2,775 Focus on long-laterals and operating efficiencies drives…
  5. Setting The Record Straight – PDC Energy, Inc. – slide 5
    1 Independent Third Parties Agree that PDC is a Differentiated Operator in the Wattenberg Independent 3rd party analysis highlights PDCs best in class value-creating position in the Wattenberg 120% Superior returns and PDCE highest…
  6. Setting The Record Straight – PDC Energy, Inc. – slide 6
    1 Delaware Basin Systematic Efficiency Gains Since Acquisition Delaware Drilling Feet per Day Steady improvements in Delaware Basin execution (Per Rig) 1,000 925 Early-time investment in 3D seismic and other technology 800…
  7. Setting The Record Straight – PDC Energy, Inc. – slide 7
    PDCE Wolfcamp A + B N Reeves 1 259 MTDR Wolfcamp B XEC Wolfcamp B May 2019 FANG Wolfcamp A MTDR Wolfcamp A 239 236 236 235 REN Wolfcamp A WPX Wolfcamp B PDCE Wolfcamp A E Reeves - Block 4 FANG Wolfcamp B 229…
  8. Setting The Record Straight – PDC Energy, Inc. – slide 8
    2 PDC Has Significantly Improved upon Kimmeridges Delaware Operations How does PDC operate Lost Saddle case study highlights PDCs performance on equal basis PDC is focused on full-field development and maximizing returns per section…
  9. Setting The Record Straight – PDC Energy, Inc. – slide 9
    3 Basin Inventory Decline Driven by PDC Efficiency PDC Delaware Basin Inventory The benefits of efficiency gains PDC has realized through increasing lateral (Number of Delaware locations acquired) length are ignored by Kimmeridge in…
  10. Setting The Record Straight – PDC Energy, Inc. – slide 10
    3 Impairments Do Not Reflect Value Destruction Contrary to Kimmeridges statements, PDC has in fact been able to extract incremental value from its Delaware Basin acquisition At announcement of the transaction, Arris/Kimmeridge was…
  11. Setting The Record Straight – PDC Energy, Inc. – slide 11
    4 PDC Takes a Systematic Approach to Selection of Proxy Peers Based on input from Meridian Compensation Partners LLC, a leading independent compensation consulting firm, PDC takes a systematic approach to proxy peer selection and…
  12. Setting The Record Straight – PDC Energy, Inc. – slide 12
    4 Kimmeridges Ever-Changing Peer Group Analysis Kimmeridges use of peer groups has been ever-changing, misleading and misguided from Day 1 Kimmeridges most recent attempt at a peer group is vastly different from peer groups used in its…
  13. Setting The Record Straight – PDC Energy, Inc. – slide 13
    4 Kimmeridges Criticism of PDCs Peer Group is Self-Serving, Misguided and Misleading Absolute TSR Performance In addition to its inclusion of Diamondback in the peer universe, Kimmeridges chart of relative price performance is…
  14. Setting The Record Straight – PDC Energy, Inc. – slide 14
    5 PDC Compares Favorably to its Peers on Measures of Development Efficiency Contrary to Kimmeridges methodology for calculating recycle ratio, using an appropriate peer group and generally accepted methodologies for calculating recycle…
  15. Setting The Record Straight – PDC Energy, Inc. – slide 15
    6 PDCs G&A and Employee Headcount is Appropriately Sized for its Scale and Multi-Basin Presence PDCs G&A is solidly in line with peers when adjusted for capitalized When compared to production base and active well counts, PDCs 600 G&A…
  16. Setting The Record Straight – PDC Energy, Inc. – slide 16
    Conclusion Support PDC Energys High-Quality Director Nominees VOTE WHITE PROXY CARD PDC is successfully transferring best-in-class Wattenberg operational expertise to the Delaware Basin Successful track-record of improving D&C costs…

From the store

Browse maps, data & reports in the Shale Experts store