Key Messages Operational Performance Financial Performance Outlook Produced 72.7 MBopd, in-line with Generated cash flow from operating Maintain FY21 capex guidance of the high end of guidance activities (CFO) of 364mm 650-750mm…
2Q21 Core Performance 2Q21 Operational & Financial Results Highlights Oil volumes & improved commodity prices drive (mm, unless noted) 1Q21 2Q21 strong FCF Permian total well cost per lateral foot tracking Oil Production (MBopd) 68.6…
Permian Operations Development program outperforming legacy development XEC Acreage Position Reeves Relaxed Spacing Performance Currently running 5 rigs & 2 completion crews Recent development projects Reeves County 1 Dixieland: 7-well…
Operational Efficiencies Offsetting Inflation Permian Well Costs Permian Drilling Performance Maintaining well cost outlook despite cost inflation Drilling efficiencies driving faster cycle times & helping offset headwinds cost…
Committed to Sustainability Leadership Leveraging technology & innovation to improve environmental performance Emissions Water Intensity 2020 Emissions New tankless facility design replaces traditional Highlights (vs. 2019)…
Merger with Cabot Creates a Premier Energy Company Enhancing FCF resilience to deliver leading capital returns A stronger, more resilient energy company Improved FCF Bandwidth Positioned to deliver leading returns on & of capital In…
Appendix 10
Prudent Capital Allocation to Mid-Continent Development XEC Acreage Position Current Development Finished drilling & completing Carel/Elder 5-well project Expect to put on production mid-3Q21 Cross-basin knowledge transfer reducing…
Reconciliation of Cash Flow from Operating Activities (CFO) to Adjusted CFO and to Free Cash Flow Non-GAAP reconciliation The Company provides adjusted CFO, which is a non-GAAP financial measure. Adjusted CFO represents net cash…
Reconciliation of Long-Term Debt to Net Debt Non-GAAP reconciliation 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…
Hedge Position As of August 5, 2021 2021 2022 Explanatory Notes 3Q 4Q Total 1Q 2Q 3Q 4Q Total Oil 1WTI refers to West Texas Intermediate oil WTI oil collars1 prices as quoted on the New York Mercantile Volume (Bbl/d) 40,000 40,000…
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