Key Messages Operational Performance Financial Performance Outlook Produced 68.6 MBopd Generated cash flow from Maintain FY21 capex operating activities (CFO) of guidance of 650-750mm Brought 7 net wells online 403mm Affirm 4Q21…
1Q21 Core Performance 1Q21 Operational & Financial Results Highlights Oil volumes & improved commodity prices drive (mm, unless noted) 4Q20 1Q21 strong FCF Permian total well cost per lateral foot tracking Oil Production (MBopd) 67.8…
Permian Development XECs Acreage Position Development Highlights 234,000 net acres Currently running 5 rigs 79,000 net federal acres in New Mexico Expect to average 2 completions crews in 2Q21 107 approved federal permits Key…
Returns-Based Capital Program Driving Strong FCF Outlook Re-establishing Base Production Following Declines in FY20 FY21e Oil Volume Trajectory Returns-Based Capital Program & Oil Volumes Driving Strong FCF Outlook Daily oil production…
Capital Allocation Framework Responsive capital allocation supports through-cycle Strong Track Record of Capital cash generation & prioritizes operational efficiency Returns Dividends paid per share Oil Price 60/Bbl Generate robust…
Our Strategic Focus FINANCIAL STRENGTH Maintain a conservative balance sheet Deliver return on and of capital Disciplined capital allocation Drive margin expansion OPERATIONAL EXCELLENCE Maximize capital efficiency Optimize…
Appendix 11
Prudent Allocation of Capital to Mid-Continent Development XECs Acreage Position 326,000 net acres Including 135,000 net undeveloped acres held by production Currently running 1 rig 13-8 Expect to bring on line 1 development…
Non-GAAP Reconciliation Reconciliation of Cash Flow from Operating Activities (CFO) to Adjusted CFO and to Free Cash Flow The Company provides adjusted CFO, which is a non-GAAP financial measure. Adjusted CFO represents net cash provided…
Non-GAAP Reconciliation Reconciliation of Long-Term Debt to Net Debt The Company defines net debt as debt less cash and cash equivalents. Net debt should not be considered as an alternative to, or more meaningful than, total debt, the…
FY21 Outlook Updated as of May 5, 2021 FY21 Permian Development Program 2Q21 FY21 Delaware Basin Guidance Guidance Production Wolfcamp Total production (MBoepd) 220 - 240 235 - 255 Oil production (MBopd) 69 - 73 75 - 81 D&C…
Hedge Position Updated as of May 5, 2021 2Q 3Q 2021 4Q Total 1Q 2Q 2022 3Q Total Explanatory Notes Oil WTI oil collars1 1WTI refers to West Texas Intermediate oil prices as Volume (Bbl/d) 34,000 40,000 40,000 38,015 26,000 19,000…
Loading...
