Core Oil Delaware Basin Pure-Play J.P. Morgan Energy, Power & Renewables Conference June 16, 2020
Centennial Resource Development Overview Key Company Statistics Company Overview Operational Overview Large contiguous oil-rich acreage in the core of the Southern and Northern Delaware Basins Production Maintaining focus on…
Centennials Response to Current Macro Environment Reduced operated rig count from five to zero in April Suspended near term drilling and completions activity Flexible approach to future operational activity depending upon oil…
Driving Down Unit Costs Lease Operating Expenses (LOE) LOE (/Boe) Cash G&A (/Boe) Electricity: Transitioning more 5.30 facilities to electric power, 4.99 2.12 resulting in lower equipment 1.99 rental costs o Phase 1 of…
Significantly Reducing Cash G&A Expect to reduce annual cash G&A Cash G&A (mm) expenses by 30%, or 18 20mm, on an annualized basis 61 Reduction in workforce to better align with anticipated activity levels Reduced executive…
Capital Structure and Liquidity Overview Capitalization and Liquidity ( mm) Debt Exchange Overview (Closed May 22, 2020) Actual Pro-forma Capitalization (as of 3/31/20) (Debt Exchange) 1 254mm of Senior Unsecured Notes tendered, Cash…
Reconciliation of Adjusted EBITDAX to Net Income (Loss) Adjusted EBITDAX reconciliation ( thousands)1 FY 2019 FY 2020 ( in thousands, unless specified) Q1 Q2 Q3 Q4 Q1 Net income (loss) attributable to common shareholders (8,112)…
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