Rapidly Executing Transformational Strategy Principles Manage Risk Continuously Expand High- Improve Margin Inventory Extended term-debt maturities until 2025 / 2028 Expand margins by holding Added 37,500 net acres of oil- down…
Recent Acquisition/Divestiture Drives Significantly Higher Oil Cut Acquisition Overview1_______________________________________________________________ Establishes core position in Howard County of 33,000 net acres Pro Forma Laredo…
Transactions Improve Company Fundamentals Expected cumulative Anticipate leverage1,2 Expected 80% Oil cut expected to rise Expected to be Free Cash Flow1 of approaching 1.0x by increase in oil- to 50% by end of FY-21 accretive to…
Oily, High-Margin Inventory Built Through Acquisition Strategy W. Glasscock County Howard County Total Net acres 4,350 33,150 37,500 Target formations LS/WC-A/WC-B LS/WC-A * Locations (gross)1 40 225 265 Gross Oil Production per…
Howard County Development Moves To Wider Spacing Packages 1 and 2 Packages 3 and 4 LPI Leasehold 16 Wells per Section 12 Wells per Section 16 Wells per Section 12 Wells per Section Lower Spraberry Lower Spraberry 4 Wells per…
Maintaining Operational & Cost Advantages in Howard County Drilling & Completions Efficiencies 1,800 1,500 Feet per Day 1,200 900 600 300 0 2017 2018 2019 2020 Drilled Feet/Day/Rig Fractured Feet/Day/Crew 800 Consistently…
Laredo-Owned Sand Mine Saves on Completions Costs Operated on Laredo-owned surface acreage LPI Leasehold Mining Area 5+ years supply of sand Realized savings of 90,0001 per well Protects against sand cost Utilized in…
Actively Managing our Balance Sheet 800 2.4x Net Debt to Adj. EBITDA1,2 505 Debt ( MM) 600 2.6x Net Debt to Consolidated 578 400 EBITDAX1,2 361 200 44 MM Cash Balance3 220 0 FY-21 FY-22 FY-23 FY-24 FY-25 FY-26 FY-27…
Ambitious Emissions Reduction Targets For the second consecutive year, flaring/venting reduction targets are part of executive compensation metrics Emissions Reductions Targets for 2025 Percentage of Produced Natural Gas…
Corporate and Community Responsibility Diversity Safety Governance 0.90 TRIR1 Women in 0.85 0.86 Board refresh workforce 27% 0.80 67% in last 2 years 0.75 0.70 0.74 0.65 2019 2020 Minorities in Laredo had zero at-fault…
L A R E D O P E T R O L E U M APPENDIX 13
Oil, NGL & Natural Gas Hedges Crude Oil Hedge Book Natural Gas Liquids Hedge Book Natural Gas Hedge Book Bal-2021 FY 2022 Bal-2021 FY 2022 Bal-2021 FY 2022 Brent Swaps (MBbl) 5,651 4,125 Ethane Swaps (MBbl) 688 0 Henry Hub Swaps…
Oil, NGL & Natural Gas Hedges Expected To Be Novated To Sixth Street Crude Oil Hedge Book Natural Gas Liquids Hedge Book Natural Gas Hedge Book Bal-2021 FY 2022 2023 - 2025 Bal-2021 FY 2022 2023 - 2025 Bal-2021 FY 2022 2023 -…
Supplemental Non-GAAP Financial Measures Adjusted EBITDA Adjusted EBITDA is a non-GAAP financial measure that we define as net income or loss (GAAP) plus adjustments for share-settled equity-based compensation, depletion, depreciation…
Supplemental Non-GAAP Financial Measures Consolidated EBITDAX (Credit Agreement Calculation) Consolidated EBITDAX means, for any Person for any period, the Consolidated Net Income of such Person for such period, plus each of the…
Supplemental Non-GAAP Financial Measures Net Debt Net Debt, a non-GAAP financial measure, is calculated as the face value of long-term debt less cash and cash equivalents. Management believes Net Debt is useful to management and…
Loading...
