Skip to main content Acquisition of DoublePoint Energy – Pioneer Natural Resources Co. Investor Presentation | Shale Experts
Loading...
Pm

Acquisition of DoublePoint Energy – Pioneer Natural Resources Co.

Pioneer Natural Resources Co. · Apr 1, 2021 · 10 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Acquisition of DoublePoint Energy – Pioneer Natural Resources Co. – slide 1
    Acquisition of DoublePoint Energy April 1, 2021
  2. Acquisition of DoublePoint Energy – Pioneer Natural Resources Co. – slide 2
    Bolt-On Acquisition of DoublePoint Energy (DPE) Largest Producer in the Permian Enhances Investment - Lower Cost of Capital Framework and - Economies of scale benefits Highly Accretive Variable Dividend supply chain - Shared…
  3. Acquisition of DoublePoint Energy – Pioneer Natural Resources Co. – slide 3
    The Premier Permian E&P Midland Basin (920,000 net acres) Midland Basin Gross Production by Operator1 (MBOEPD) 1 Million Net Acres No Federal Land Delaware Basin (100,000 net acres) 1) Source: Enverus, February 2021;…
  4. Acquisition of DoublePoint Energy – Pioneer Natural Resources Co. – slide 4
    Transaction Overview Total Consideration 6.4 B1 Accretive combination further enhances Pioneer as the premier low-cost, Equity Cash Liabilities2 4.5 B 1.0 B 0.9 B Permian independent E&P Transaction Details Expected closing…
  5. Acquisition of DoublePoint Energy – Pioneer Natural Resources Co. – slide 5
    Incorporating Asset into Pioneers Investment Framework DPE Drilling Activity DPE is currently running 7 7 Rigs drilling rigs, generating 30% growth; net production forecasted to be 100 MBOEPD by late second quarter 2021 5 Rigs…
  6. Acquisition of DoublePoint Energy – Pioneer Natural Resources Co. – slide 6
    Increased Permian Scale Drives Competitive Advantage1 75% Peer 6 PXD + PXD+DPE 70% DPE Peer 1 Oil Mix 65% Peer 8 Peer 10 Peer 3 Peer 5 (41% Oil Mix) Peer 9 60% Peer 4 Peer 7 Peer 2 Independent (38% Oil Mix) Major…
  7. Acquisition of DoublePoint Energy – Pioneer Natural Resources Co. – slide 7
    Strengthening Our Best-in-Class Midland Basin Asset Significant overlap of core acreage makes acquisition uniquely strategic for Pioneer Highly contiguous and largely undeveloped Midland Basin acreage results in a compelling…
  8. Acquisition of DoublePoint Energy – Pioneer Natural Resources Co. – slide 8
    Enhancing Shareholder Value Low-cost, Disciplined Free cash flow high-return reinvestment rate generation Low leverage Significant Permian Basin underpins compelling supports return provides financial inventory of wells drive strong…
  9. Acquisition of DoublePoint Energy – Pioneer Natural Resources Co. – slide 9
    Supplemental Slides
  10. Acquisition of DoublePoint Energy – Pioneer Natural Resources Co. – slide 10
    Additional Information EBITDAX represents earnings before depletion, depreciation and amortization expense; exploration and abandonments; impairment of inventory and other property and equipment; accretion of discount on asset retirement…

From the store

Browse maps, data & reports in the Shale Experts store