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February 2014 Investor Presentation – Diamondback Energy, Inc.

Diamondback Energy, Inc. · Feb 13, 2014 · 19 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. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 1
    Investor Presentation February 2014
  2. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 2
    Diamondback Energy - Key Executives Travis Stice Tracy Dick Russell Pantermuehl Chief Executive Officer Chief Financial Officer VP Reservoir Engineering Chief Executive Officer since Chief Financial Officer and Senior Vice President…
  3. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 3
    Diamondback Energy Overview Diamondback Energy Acreage Aggressive Developer of Horizontal Inventory - Currently running 4 horizontal and 1 vertical rig Midland Basin Eastern - 5th horizontal rig expected in 2Q14 Shelf - Execution…
  4. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 4
    A Growth Story Average Daily Net Production1,2 (BOEPD) Total Reserves Growth1,2,3 (MMBOE) 63.6 Oil Gas/NGLs Total 15.5 Proved Developed Proved Undeveloped 10.4 40.2 33.6 7.4 29.2 6.6 26.6 4.8 27.9 4.6 3.6 3.9 3.2 8.3 24.0…
  5. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 5
    Peer Leading in Cash Margins Cash Margins Exceed Peers by Nearly 50%2,3 FANG Operating Expenses Over Time4 (/BOE) FANG 69.82 27.83 General and Administrative Taxes and Other Peer Average 21.66 LOE 58.55 18.18 47% 15.59 14.98…
  6. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 6
    Advantaged Structure Increases Cash Flow through Minerals Ownership (Nasdaq: FANG) 100% Spanish Trail Minerals 100% 2014 Guidance2 Production: 2,750 Boe/d LOE: 0.00/boe G&A: 0.00/boe Diamondback 250-300 million1…
  7. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 7
    Diamondback Energy Minerals Ownership Impact Completed the acquisition of mineral interests Two Dedicated Hz Drillers under 15,000 gross (12,500 net) acres in Ector Midland Midland County in September 2013 Diamondback receives an…
  8. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 8
    Execution and Cost Structure Peer Leading Performance Drilling /Lateral Foot1 (Midland County) Spud to TD1 (Days) Midland County Upton County 530 21.3 510 17.9 490 16.6 470 14.0 450 430 410 390 370 350 1/1/13 7/1/13…
  9. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 9
    Diamondback Energy Acreage Encouraging Results FANG - UL III 4-1H Wolfcamp B FANG - Kent CSL A 17-1H Wolfcamp B 24-hr IP: 613 BOEPD Well drilled to 7,975 lateral length Peak 30-day avg. rate: 440 BOEPD; 83% oil Frac scheduled 4,051…
  10. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 10
    Spraberry Type Curve Results Exceeding Expectations Lower Spraberry Type Curve is 650 MBOE (2 stream) with 81% oil (87% oil 1st year). 3 stream equivalent is 692 MBOE - Represents a 30% increase over previous EUR estimates and a 60%…
  11. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 11
    Wolfcamp B Type Curve Positive Revisions to North Area Type Curve is 638 MBOE (2 stream) with 74% oil (85% oil 1st year). 3 stream equivalent is 695 MBOE - Represents a 6% increase over previous EUR estimates and a 23% increase in…
  12. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 12
    Wolfcamp B Type Curve South Area Results East Upton Type Curve is 604 MBOE (2 stream), with 72% oil (80% oil 1st year). 3 stream equivalent is 671 MBOE - Represents no change to prior estimates West Upton Type Curve is 463 MBOE (2…
  13. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 13
    Multi-year Inventory Continues to Grow Identified Net Potential Drilling Locations 160 Acre Hz Spacing 1,031 2,970 40-acre spacing 862 20-acre infill spacing 286 Horizontal (Wolfcamp B) 640 Prospective Horizons: 7,500…
  14. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 14
    Diamondback Energy - Financial Summary Revenue Growth1 ( in MMs) Hedging 57.8 Average Bbls Average Price Oil Swaps 2014 Per Day Per Bbl 45.4 First Quarter-LLS 2,311 99.45 First Quarter-Brent 1,000 109.70 27.0 28.9 Second…
  15. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 15
    Diamondback Energy - 2014 Capital Program Drilling Program1 2014E Capital Expenditures 65-75 gross horizontal and 20-25 gross Infrastructure Non-Op vertical wells planned for 2014 5% 2% Average Hz lateral length (all wells) 6,660…
  16. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 16
    Diamondback Energy - 2014 Guidance Diamondback Excluding Diamondback Minerals Minerals Energy Total Net Production MBoe/d 12.5 13.0 2.5 3.0 15.0 16.0 Unit costs (/boe) Lease operating expenses1 7.00 - 8.00 0.00 6.00 - 7.00 G&A…
  17. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 17
    In Conclusion Efficient capital allocation Target Debt/EBITDA < 2X Complementary acreage additions Midland Basin focused Maintain operations excellence Additional testing in other shale benches Stacked laterals in multiple…
  18. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 18
    APPENDIX 18
  19. February 2014 Investor Presentation – Diamondback Energy, Inc. – slide 19
    3 Stream Effect on EUR - MBOE Oil Gas NGLs 2 Stream 3 Stream1 695 692 671 638 650 88 617 121 604 134 565 121 519 76 109 169 105 169 463 152 103 110 94 426 385 138 92 84 127 77 529 529 469 469 435 435 413 413…

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