Core Oil Delaware Basin Pure-Play Bank of America Securities Global Energy Conference November 12, 2020
Centennial Resource Development Permian Pure-Play Northern Delaware (NM) Lea County Large, contiguous acreage position located in the oil-window of the Delaware Basin NM 80,000 net…
Centennial Resource Development Recent Highlights Generated free cash flow of 10.5mm during Q320, expect incremental FCF in Q420 Organically increased liquidity by 17mm, or 6%1, during Q320 Borrowing base reaffirmed at 700mm…
Capital Efficiency Rate of Change Operational Focus Items Structural Improvement to D&C Cost Improvements in operational efficiency and adjustments to well design significantly lowered capital costs, irrespective of commodity price…
Realizing Significant Operational Cost Improvements LOE Optimization Overview Historical LOE Unit Costs (/Boe) Transitioning more well-sites to electric power 6.03 Removal of generators, lowering equipment rental costs 5.30…
Well Cost Evolution Lower Well Costs Driven by Higher Efficiencies & Structural Cost Reductions DC&F Cost / Lateral Foot - Extended Lateral Average (1.5 & 2 Section)1 1,400 1,350 1,200 1,000 950/ft 858 850/ft 850/ft…
Capital Structure and Liquidity Overview Capital Structure Overview Capitalization and Liquidity ( mm) Organically increased liquidity by 17mm, or 6%, during the quarter Actual Capitalization 9/30/20 Repaid 15mm of revolver…
Centennial 2.0: Final Thoughts High-Quality Asset Base Proven Operational Execution Sustained Well Cost Reductions Improved Capital Lower Unit Cost Structure Efficiency & FCF Profile Shallowing Corporate Decline Rate No…
Appendix 10
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 Q2 Q3 Net income (loss) attributable to Class A Common Stock…
Reconciliation of Free Cash Flow to Operating Cash Flow Free Cash Flow (Deficit) reconciliation ( thousands) 1 Three Months Ended September 30, ( in thousands) 2020 2019 Net cash provided by operating activities 45,729 104,681…
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