Skip to main content Barclays CEO Energy Power Conference – Centennial Resources Development Investor Presentation | Shale Experts
Loading...
Pm

Barclays CEO Energy Power Conference – Centennial Resources Development

Centennial Resources Development · Sep 4, 2019 · 12 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. Barclays CEO Energy Power Conference – Centennial Resources Development – slide 1
    Core Oil Delaware Basin Pure-Play Barclays CEO Energy-Power Conference September 4, 2019
  2. Barclays CEO Energy Power Conference – Centennial Resources Development – slide 2
    One Macro Observation 2020 YOY US oil growth (all sources) will likely be 700 MBo/d, much less than the current 1.2 MMBo/d consensus expectation 3
  3. Barclays CEO Energy Power Conference – Centennial Resources Development – slide 3
    Centennial Three-Year History (2017 2019) Consistent track-record Raised total production and lowered unit cost guidance for 3 consecutive years One of few E&Ps to stay within original capex guidance range during 2018 Disciplined…
  4. Barclays CEO Energy Power Conference – Centennial Resources Development – slide 4
    Track Record of Execution Total Production (Boe/d)1 Total Cash Unit Costs (/Boe)1,2 80,000 12.00 11.50 70,000 11.00 60,000 10.50 50,000 10.00 9.50 40,000 9.00 30,000 8.50 20,000 8.00 2017 2018 2019e 2017 2018…
  5. Barclays CEO Energy Power Conference – Centennial Resources Development – slide 5
    Differentiated Capital Discipline 2018 D&C Capital (% of Original Guidance Mid-Point Spent)1 150% Centennial was one of the few E&P companies to maintain & achieve original D&C capital guidance in 2018 125% 100% 75%…
  6. Barclays CEO Energy Power Conference – Centennial Resources Development – slide 6
    Permian Acreage Value Transactions Since 2016 Permian Basin Precedent Transactions Adjusted / Net Acre ( thousands) 76 CDEV Peers 59 55 51 48 44 43 42 40 40 37 36 34 34 33 33 33 32 32 Median: 32,268 32 30 27 27 27…
  7. Barclays CEO Energy Power Conference – Centennial Resources Development – slide 7
    High Quality Acreage Position in Core of the Delaware Delaware Basin Well Productivity (Peak, Normalized 90-Day Oil - Bo/d/ft.) Maximum Oil Minimum Oil Scale Productivity Productivity Southern Delaware Basin Northern Delaware…
  8. Barclays CEO Energy Power Conference – Centennial Resources Development – slide 8
    Drilling Program Results: YTD 2019 vs. 2018 Average Cumulative Oil Production (Bo) YTD 2019 vs. FY 2018 (All Wells) 70,000 10% uplift realized YTD 2019 60,000 Cumulative Oil Production (Bo) 50,000 40,000 30,000…
  9. Barclays CEO Energy Power Conference – Centennial Resources Development – slide 9
    Strong Northern Delaware Results 2019 Lea County Well Performance (All Wells) 180 CDEVs recent Q219 Chorizo and Duck Hunt wells rank 160 Peak 60-Day Cumulative Oil Production (Bo) within the Top 25 wells drilled in Lea County…
  10. Barclays CEO Energy Power Conference – Centennial Resources Development – slide 10
    CDEV Trades at a Discount on Acreage Multiples Adjusted EV / Net Acre Permian Peers(1) 24,000 21,000 19,000 18,000 17,000 Peer Group Median: 17,500 13,000 12,000 3,000 CDEV (4,000) Source: Company filings…
  11. Barclays CEO Energy Power Conference – Centennial Resources Development – slide 11
    Industry Benchmarking Net Debt / Cap Ratio Net Debt / Book Capitalization (as of Q219) 80% Permian E&Ps 70% 60% 50% 40% Industry Median: 36% 30% 21% 20% 10% 0% CDEV Source: FactSet and Company…
  12. Barclays CEO Energy Power Conference – Centennial Resources Development – slide 12
    CDEV Trades at a Discount on Acreage Multiples Adjusted EV / Net Acre Permian Peers(1) 24,000 21,000 19,000 18,000 17,000 Peer Group Median: 17,500 13,000 12,000 3,000 CDEV (4,000) Source: Company filings…

From the store

Browse maps, data & reports in the Shale Experts store