Important Information for Investors and Stockholders IMPORTANT INFORMATION FOR INVESTORS AND STOCKHOLDERS; ADDITIONAL INFORMATION AND WHERE TO FIND IT As previously announced, on December 20, 2020, the Company, QEP and Bohemia Merger…
Diamondback Energy: Leading Pure-play Permian Operator Large Cap Permian pure-play E&P: Diamondback Pro Forma Acreage Map(5) 347,000 net Midland and Delaware basin acres(1) Pending Guidon acquisition expected to close 2/26/2021; adds…
Diamondback: Investment Highlights Generated 242 million of FCF in Q4 2020(1) Q4 2020 oil production of 175.8 Mbo/d (299.0 Mboe/d); up 3% over Q3 2020 Q4 2020 Highlights Q4 2020 cash operating costs of 6.87 per boe; including cash G&A…
Fourth Quarter 2020 Execution Q4 2020 Execution Gross Midland Basin D,C&E Well Costs ( / Ft.)(4) Q3 2020 Q4 2020 738 600 - 670 Oil Production 510 - 530 Net Mbo/d 170 176 2021 Guidance: 520 - 580 / Ft. Net Lateral Feet TIL Net…
Overview of 2021 Guidance and Capital Budget 2021 Activity and Guidance Midpoints vs 2020 2021 Production and Activity Outlook Initial 2021 2020A Guidance 2021 plan focused on maintaining pro forma Q4 2020 oil production Oil…
2021 Free Cash Flow Sensitivity Diamondback believes it can maintain Q4 2020 oil production (pro forma for the pending Guidon acquisition) with estimated cash CAPEX of 1.35 - 1.55 billion in 2021; implies 22% decrease relative to…
Diamondback 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…
Diamondback Acquiring Tier-1 Assets in the Northern Midland Basin Summary of Transactions Key Highlights QEP Logical, disciplined Midland Basin consolidation of assets with a largely overlapping footprint Transaction Size 2.15…
Summary of QEP and Guidon Midland Basin Assets Midland Basin Acreage Overview Net Permian Acres (000s)(1) 42% Increase in Midland Basin Acreage Status Quo Pro Forma Delaware Delaware 44% 36% Midland Midland 56% 64%…
Environmental Strategy Update Diamondback recently announced significant changes to environmental, social and governance (ESG) performance and disclosure, including Scope 1 and methane emissions intensity reduction targets as well as a…
CO2e Emissions Breakdown and Strategic Reduction Initiatives Diamondback 2019 CO2e Emissions Detail and Strategic Initiatives: Gas Pneumatic Equipment Devices Combustion Equipment: Leaks 7% 11% of CO2e emissions Gas Pneumatic…
Methane Emissions and Strategic Reduction Initiatives Diamondback 2019 Methane Emissions Detail and Strategic Initiatives: Atmospheric Equipment Leaks: Atmospheric Storage Tanks: Equipment Storage Tanks 7% of methane emissions 5%…
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…
2020 Reserves Update YE20 proved reserves increased 17% y/y to 1,316 Total Reserve Growth (MMBoe) MMBoe (759 MMBo, 62% PDP) FANG Standalone VNOM PDP reserves of 817 MMBoe; PDP oil reserves of 443 1,316 MMBo 1,128 992 Oil comprised…
Current Hedges Maximize Downside Protection Current oil hedges provide downside protection on 55% of expected FY 2021 oil production(1), with percentage protected declining through Q1 2022 Strategy focused on maximizing downside…
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 December 31, 2020, FANG had 23 million of FANGs Liquidity and Capitalization (MM) outstanding borrowings under its credit facility with FANG's Consolidated Capitalization 12/31/2020 standalone…
Full Year 2021 Guidance: Pro Forma for Guidon Acquisition Full year 2021 oil production guidance of 178.0 Excludes QEP Diamondback Viper 185.0 Mbo/d; 2021 plan aimed at maintaining Q4 Net Production Mboe/d 308.0 325.0 24.50 26.50…
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…
Current Hedge Summary: Natural Gas and Natural Gas Liquids Consolidated Natural Gas Hedges (Mmbtu/day, /Mmbtu) Natural Gas Hedges Q1 2021 Q2 2021 Q3 2021 Q4 2021 1H 2022 2H 2022 206,889 220,000 220,000 220,000 Swaps - Henry Hub…
Environmental, Social and Governance (ESG) Flaring (% of Production) GHG Intensity (mt / Boe Produced) Methane Intensity (%) Flaring down 80% since 2019 Goal: reduce by 50% by 2024 Goal: reduce by 70% by 2024 5.6% 2019 14.4 13.8…
Recent Changes to Governance 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 Recent and planned…
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: Interests fully…
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…
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 29
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