Diamondback Energy: Leading Pure-play Permian Operator Large Cap Permian pure-play E&P: Diamondback Pro Forma Acreage Map(1) 418,000 net Midland and Delaware basin acres(1) 11,100 gross (7,600 net horizontal locations)(1) Includes…
Diamondback: Investment Highlights Generated 331 million of FCF(1) Oil production of 184.2 Mbo/d (307.4 Mboe/d) Cash operating costs of 8.06 per boe; including cash G&A of 0.54 per boe Q1 2021 Highlights Dividend of 0.40 / share;…
First Quarter 2021 Execution Q1 2021 Execution Gross Midland Basin D,C&E Well Costs ( / Ft.)(3) Q4 2020 Q1 2021 738 Oil Production 580 Net Mbo/d 184 538 533 176 2021 Guidance: Net Lateral Feet 520 - 580 / Ft. TIL Net Ft.…
Overview of 2021 Guidance and Capital Budget 2021 Activity and Guidance Midpoints vs 2020 2021 Production and Activity Outlook 2020A 2021 Standalone Guidance 2021 plan focused on maintaining pro forma Q4 2020 Permian oil production…
Overview of Pending Williston Basin & Non-Core Permian Divestitures Williston Basin Asset Divestiture Non-Core Permian Basin Asset Divestitures Upton County Non-Op New Mexico Williston Basin Divestiture Overview Permian Basin…
2021 Free Cash Flow Sensitivity Diamondback believes it can maintain Q4 2020 oil production (pro forma for Guidon and QEP acquisitions) with estimated cash CAPEX of 1.60 - 1.75 billion in 2021; implies 10% decrease relative to…
Diamondback Investment Framework Diamondback has proven it has the size, scale, balance sheet, asset quality and cost structure to weather a prolonged downturn and can now thrive in the inevitable upcycle Diamondback's investment…
Midland Basin Inventory and Development Strategy Diamondback Midland Basin Inventory: Midland Basin Economic Locations at Various Oil Prices(2) 6,900 gross (5,134 net) horizontal locations with an average lateral length of 8,700 feet…
Delaware Basin Inventory and Development Strategy Diamondback Delaware Basin Inventory: Delaware Basin Economic Locations at Various Oil Prices(2) 4,200 gross (2,501 net) horizontal locations with an average lateral length of 7,700…
Peer-Leading Cash Margins and Operating Costs Diamondback Cash Margins and Operating Costs Including Interest Over Time(1)(2) LOE Prod. taxes G&T Cash G&A Interest Cash Margin (%) 79% 80% 79% 78% 15 77% 77% 74% 76% 85% 73% 72% 72%…
Current Hedges Maximize Downside Protection Current oil hedges provide downside protection on 65% of expected FY 2021 oil production(1), with percentage protected declining through Q2 2022 Strategy focused on maximizing downside…
Capital Structure and Liquidity As of March 31, 2021, FANG had 52 million of FANGs Liquidity and Capitalization (MM) outstanding borrowings under its credit facility with FANG's Consolidated Capitalization 3/31/2021 standalone…
2021 Guidance Pro Forma for Announced Divestitures Full year 2021 oil production guidance of 212.0 216.0 Diamondback Viper Mbo/d; 2021 plan aimed at maintaining pro forma Q4 Net Production Mboe/d 350.0 360.0 25.00 27.00 production…
ESG Update 16
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 2020 CO2e Emissions Detail and Current Strategic Initiatives: Combustion Equipment: Atmospheric 54% of CO2e emissions Atmospheric Storage Tanks: Storage Tanks…
Methane Emissions and Strategic Reduction Initiatives Diamondback 2020 Methane Emissions Detail and Current Strategic Initiatives: Gas Pneumatic Devices: Flare Stacks: 57% of methane emissions 25% of methane emissions Drivers: 1000…
Governance and Compensation Changes Diamondback continues to respond to investor feedback and make appropriate changes to compensation and governance practices to reflect incentives that translate to stockholder value creation 2021…
Environmental, Social and Governance (ESG) Flaring (% of Gross Gas Production) GHG Intensity (mt / mboe Produced)(1) Methane Intensity (%)(1) 2021 Goal:…
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…
APPENDIX 23
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…
2020 Reserves 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 58% of…
Current Hedge Summary: Natural Gas and Natural Gas Liquids Consolidated Natural Gas Hedges (Mmbtu/day, /Mmbtu) Natural Gas Hedges Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 245,000 245,000 245,000 Swaps - Henry Hub…
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 Overview Viper Energy Partners: Viper Mineral and Royalty Assets Publicly-traded mineral and royalty subsidiary (NASDAQ: VNOM) created by Diamondback Focused on owning and acquiring minerals and royalty interests in the…
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 30
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