Diamondback Energy: Leading Pure-play Permian Operator Large Cap Permian pure-play E&P: Diamondback Acreage Map 347,000 net Midland and Delaware basin acres(1) 12,300 gross (8,100 net) horizontal locations(1) Low Cost Structure and…
Diamondback: Investment Highlights Generated 153 million of FCF in Q3 2020(1) Q3 2020 oil production of 170.0 Mbo/d (287.3 Mboe/d) Q3 2020 Highlights Q3 2020 cash operating costs of 7.61 per boe; including cash G&A of 0.42 per boe Q3…
Overview of 2020 Guidance and Capital Budget 2020 Activity and Guidance Midpoints vs 2019 2020 Production and Activity Outlook Current 2020 2019A Guidance 290 305 Oil Production 283.0 Mboe/d 280 290 Mboe/d Mboe/d Net Mbo/d…
Current Investment Framework Diamondback has the size, scale, balance sheet, asset quality and cost structure to weather a prolonged downturn and thrive in the inevitable upcycle Diamondback's investment framework and capital…
2021 Free Cash Flow Sensitivity Diamondback believes it can maintain expected Q4 2020 oil production with 25% - 35% less capital than 2020 budget Diamondback expects to generate over 525 million of pre-dividend free cash flow at…
Significant Reduction to Capital Costs Diamondback has realized significant capital cost savings through a combination of internal optimization and service cost concessions: Midland Basin: 215 / Ft. savings versus 2019 (30%); Delaware…
Peer-Leading Cash Margins and Operating Costs Diamondback Cash Operating Costs Including Interest Over Time ( / Boe)(1) LOE Prod. taxes G&T Cash G&A Interest Mboe/d 15 325 12.51 12.76 Production (Mboe/d) 11.63 11.51 12 10.66…
Track Record of Aligning Development with Commodity Prices 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…
Current Hedges Maximize Downside Protection Q4 Crude Oil Hedges 95% 100% Hedged 120,000 Bo/d Q4 2020 Hedge Protection(1) Midland / WTL Basis Exposure WTI Roll Hedges 2021 Crude Oil Hedges 50% 97% of Hedges 90% of Hedges FY 2021…
Midland Basin Inventory and Development Strategy Diamondback Midland Basin Inventory: Midland Basin Economic Locations at Various Oil Prices(2) 7,000 gross (4,970 net) horizontal locations with an average lateral length of 8,300 feet…
Delaware Basin Inventory and Development Strategy Diamondback Delaware Basin Inventory: Delaware Basin Economic Locations at Various Oil Prices(2) 5,200 gross (3,170 net) horizontal locations with an average lateral length of 7,600…
Oil Takeaway Solutions Oil Purchase Contracts: Oil Takeaway Solutions Diamondbacks oil production is purchased under long term purchase agreements with four large, well-funded counterparties Gatherer: OMOG (RTLR JV) Every major…
Capital Structure and Liquidity As of September 30, 2020, FANG had no outstanding FANGs Liquidity and Capitalization (MM) borrowings under its credit facility with standalone FANG's Consolidated Capitalization 9/30/2020 liquidity of…
Updated 2020 Guidance Immediately responded to unprecedented decline in Updated November 2020 Diamondback Viper oil prices; updated 2020 plan implies 35% reduction Net Production Mboe/d 290.0 305.0 26.00 26.50 in CAPEX and activity…
Current Hedge Summary: Oil Basis, NGLs and Natural Gas Consolidated Oil Basis / Natural Gas Liquids Hedges (Bbl/day, /Bbl) Crude Oil Hedges Q4 2020 Natural Gas Liquids Hedges Q4 2020 45,087 7,000 Basis Swaps - WTI Swaps - Mont…
Differential Per Share Metrics 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 continue to…
Recent Changes to ESG and Compensation Diamondback seeks to expand its best in class track record on both disclosure and performance as it relates to sustainable long-term development of its natural resources 2020 Proxy Report…
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 Viper Energy Partners: Viper Mineral and Royalty Assets Publicly-traded mineral and royalty subsidiary VNOM royalty acreage (NASDAQ: VNOM) created by Diamondback FANG acreage Focused on owning and acquiring minerals…
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…
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 26
Loading...
