Diamondback Energy: Leading Pure-play Permian Operator Large Cap Permian pure-play E&P Diamondback Acreage Map 350,000 net Midland and Delaware basin acres(1) 12,300 gross (8,100 net) horizontal locations(1) Industry leading corporate…
Diamondback: Investment Highlights Q4 2019 oil production of 195.0 Mbo/d, up 5% from Q3 2019; FY 2019 production of 187.7 Mbo/d (283.0 Mboe/d); 26% increase over combined FY 2018 oil production (1) Record high per share adjusted…
Consistent Track Record of Per Share Value Creation Through the Cycle Oil Production per Million Debt-Adjusted Shares(1) PDP Oil Reserves / Share (Bbls)(2) 860 2.87 674 2.45 527 460 370 1.44 0.91 0.88 2015 2016 2017 2018…
Year over Year Execution and Per Unit Value Creation 2019 Per Unit Growth 2019 Production Growing Returnand ActivityProgram of Capital Outlook FY 2018 FY 2019 Over 8x increase in per share return of capital in 2019 Oil Production…
Overview of 2020 Guidance and Capital Budget 2020 Activity and Guidance Midpoints vs 2019 2019 Production and Activity Outlook 2020 2019A FY 2020E Targeting 10% - 15% y/y oil growth with free cash flow(1) Oil Production Net Mbo/d…
High Growth, Oil Weighted Reserves YE19 proved reserves increased 14% y/y to 1,128 Total Reserve Growth (MMBoe) (1) MMBoe (711 MMBo, 67% PDP) FANG Standalone VNOM PDP reserves of 760 MMBoe, up 18% y/y; PDP oil 1,128 reserves of 457…
2020 Activity Overview Diamondbacks future activity is focused on generating sustainable growth and increasing free cash flow 2020 plan focused on increased co-development between zones in both Midland and Delaware basins Expect to…
2020 Plan Focused on Significant Free Cash Flow Generation Diamondback believes its 2020 plan allows for differential oil production growth with free cash flow Using conservative assumptions, Diamondback expects to generate over 675…
Midland Basin Inventory Overview Diamondback Midland Basin Inventory: Midland Basin Premium Zone Spacing and Overview 7,000 gross (4,970 net) horizontal locations with an average lateral length of 8,300 feet Midland Basin Primary…
Midland Basin Productivity and Development Strategy Midland Basin Development Strategy: Midland Basin Development by Zone (% of Net Lateral Ft.) Development has moved to incorporate more economic zones completed simultaneously, or…
Delaware Basin Inventory Overview Diamondback Delaware Basin Inventory: Delaware Basin Premium Zone Spacing and Overview 5,200 gross (3,170 net) horizontal locations with an average lateral length of 7,600 feet Delaware Basin Primary…
Delaware Basin Productivity and Development Strategy Delaware Basin Development Strategy: Delaware Basin Development by Zone (% of Net Lateral Ft.) Development primarily focused on the highest rate of return zone, the Wolfcamp A WCA…
Consistent Track Record of Capital Discipline Diamondback has a track record of achieving robust production growth while spending within cash flow, with a willingness and demonstrated ability to adjust activity levels quickly to react…
Oil Pricing and Takeaway Solutions Q4 2019 Realizations: Oil Takeaway Solutions Unhedged oil realizations of 54.74/Bbl, representing 96% of WTI; an increase of 6% versus Q3 2019 2020 Realizations: Gatherer: Reliance Purchaser: Vitol…
Capital Structure and Liquidity Net debt to Q4 2019 annualized adjusted EBITDA of FANGs Liquidity and Capitalization (MM) 1.5x; continue to maintain leverage below 2.0x FANG's Consolidated Capitalization 12/31/2019 FANG standalone…
Updated 2020 Guidance Targeting 10% - 15% year over year oil production 2020 Guidance Diamondback Viper growth with free cash flow in 2020(1) Net Production Mboe/d 310.0 325.0 27.0 30.0 D,C&E CAPEX budget of 2,450 2,600 million; Oil…
Differential Per Share Growth and Cost Structure Return On and Return Of Capital Significant Resource Potential Conservative Financial Management Strategic Acquisitions and Execution Efficient Conversion of Resource to…
APPENDIX 20
Environmental, Social and Governance (ESG) Diamondback is deeply committed to the safe and responsible development of its resources As our organization has grown to be in a leadership position in the Permian Basin, we believe we have a…
Recent and Planned Changes to ESG and Compensation Diamondback seeks to expand its best in class track record to both disclosure and performance as it relates to sustainable long-term development of its natural resources Recent and…
Build-out of Midstream Assets Through Rattler Midstream Rattler Midstream: Rattler Midstream Asset Map Publicly-traded midstream subsidiary (NASDAQ: RTLR) created by Diamondback Spanish Trail North: Howard County: Sourced Water…
Viper Update Q4 2019 cash distribution of 0.45 per unit; FY 2019 cumulative distributions of 1.76 per unit Organic growth on legacy assets to provide consistent volume and distribution growth Focused on mineral acquisitions in…
Current Hedge Summary: Natural Gas (1) Natural Gas (Mmbtu/day, /Mmbtu)(1) Q1 2020 Q2 2020 Q3 2020 Q4 2020 FY 2021 30,000 30,000 30,000 30,000 Swaps - Henry Hub 2.55 2.55 2.55 2.55 Swaps - Waha 80,000 80,000 90,000 90,000…
Limelight Prospect Emerging Mississippian Oil Potential Diamondback Limelight Acreage Map Limelight Type Log Atoka-Bend Early geologic Morrow assessments indicate Limelight Seal the target to be a significant oil source and…
Diamondback Energy Corporate Headquarters Adam Lawlis, Vice President, Investor Relations 500 West Texas Ave., Suite 1200 (432) 221-7400 Midland, TX 79701 irdiamondbackenergy.com www.diamondbackenergy.com 28
Loading...
