Accretive Northern Midland Basin Transactions December 21, 2020 1
Diamondback Acquiring Tier-1 Assets in the Northern Midland Basin Summary of Transactions Key Highlights QEP Resources Logical, disciplined Midland Basin consolidation of Transaction Size 2.15 billion assets with a largely…
Summary of QEP and Guidon Midland Basin Assets Midland Basin Acreage Overview Key Asset Statistics QEP Guidon Net Permian Acres 49,064 32,500 Permian Production (Mboe/d)(1) 48 18 Permian Oil Production (Mbo/d)(1) 30 12…
Transaction Further Elevates FANGs Scale and Positioning in the Midland Basin Midland Basin Net Acres (000s) Net Permian Acres (000s)(1) 276 Status Quo Pro Forma 33 300 250 49 195 200 150 Delaware Delaware 44% 36%…
Potential for Significant Synergy Value Capture in QEP Transaction Summary Synergy Overview Value of Cost Savings (% of Equity Value)(1)(2) Tangible, immediate cost savings potential of ( in millions) PV-10 of 80mm 700 annual…
Accretive Across All Key Financial Metrics Key Financial Metrics for Measuring Accretion Metric Accretive Commentary Cash Flow Per Share Potential for double-digit per share accretion Free Cash Flow Per Share Potential for…
Credit Accretive Transactions Support Investment Grade Metrics Capital Structure Summary FANGs Liquidity and Capitalization (MM) Diamondback will acquire QEP, including its cash and FANG's Consolidated Capitalization 9/30/2020…
Transactions Support Diamondbacks Value Proposition Transactions strengthen Diamondbacks existing position as a leading independent operator of size and scale in the Permian Basin Assets are highly complementary to those of…