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2Q 2021 Earnings Presentation – HighPeak Energy

HighPeak Energy · Aug 9, 2021 · 13 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. 2Q 2021 Earnings Presentation – HighPeak Energy – slide 1
    2Q21 Results August 2021 1
  2. 2Q 2021 Earnings Presentation – HighPeak Energy – slide 2
    HIGHPEAK ENERGY Northern Midland Basin Pure-Play Positioned for Efficient Oil-Weighted Value Generation Key Highlights Acreage Position and Selected Offset Operators Production Averaged 8.8 MBoe/d in 2Q21 (up 66% from 1Q21)…
  3. 2Q 2021 Earnings Presentation – HighPeak Energy – slide 3
    DELIVERING CAPITAL EFFICIENT OIL WEIGHTED GROWTH Q1 2021 Q2 2021 90% Production Oil Mix (Net MBoe/d) 8.8 5.3 96% Liquids Mix EBITDAX ( millions) 38.4 20.1 1.2mm Net Debt(1) Lateral Feet Drilled 75.9 106.4…
  4. 2Q 2021 Earnings Presentation – HighPeak Energy – slide 4
    SECOND QUARTER KEY METRICS Production and Pricing Q2 2021 Average Net Daily Production (Boe/d) Total production (MBoe) 723.6 Total production (MBoe/d) 8.8 Realized Price/WTI Index (1) 306% CAGR 92% Oil percentage 90% Liquids…
  5. 2Q 2021 Earnings Presentation – HighPeak Energy – slide 5
    CAPITAL EFFICIENCY DRIVES RETURNS Capital Efficiency Capital Efficiency Through 41 Wells Drilled(1) Continuous capital improvement 700 13,500 18 Pad development 600 16 13,000 14 Longer laterals 500 12,500 12 400 Service…
  6. 2Q 2021 Earnings Presentation – HighPeak Energy – slide 6
    OPERATIONAL EFFICIENCY AND MARGINS High Oil Cut(1) Cost Improvement High Margins(2) HPK Boe is different (/Boe) Q2 2021 Results (/Boe) 20 60.95 15 49.32 48.68 10 to 29.71 37.43 to OIL 90% 5 22.24 0 4Q20 1Q21 2Q21…
  7. 2Q 2021 Earnings Presentation – HighPeak Energy – slide 7
    HIGHPEAK INFRASTRUCTURE UPDATE Controlling Our Own Infrastructure Fluid Disposal and Infrastructure Crude Oil Gathering and Takeaway Phase 1 & 2 of company-owned and operated system in Flat Top area is Q2 revenue = 97% oil fully…
  8. 2Q 2021 Earnings Presentation – HighPeak Energy – slide 8
    ESG HIGHLIGHTS Environmental Social Governance Workforce is 30% Joined the Started recycling Environmental produced fluids Women Partnership Zero safety Majority of Board is 13 MW Solar farm independent despite contract…
  9. 2Q 2021 Earnings Presentation – HighPeak Energy – slide 9
    UPDATING 2021 GUIDANCE FOR FUTURE GROWTH Increasing 2021 capital investment to 245 to 270 million, excluding acquisitions Updating 210 to 225 million for DCE&F costs for 35-40 gross wells Capital 35-45 million for continued…
  10. 2Q 2021 Earnings Presentation – HighPeak Energy – slide 10
    COMPANY HIGHLIGHTS Responsible Growth Efficient production growth of over 66% QoQ(1) Strong Balance Sheet Increased liquidity, initiated dividend, 1.2mm net debt(2) Operational Excellence Focus on capital and operational…
  11. 2Q 2021 Earnings Presentation – HighPeak Energy – slide 11
    HIGHPEAK ENERGY, INC. Contact Information Corporate Headquarters 421 W. 3rd St., Suite 1000 Fort Worth, TX 76102 www.highpeakenergy.com Ryan Hightower, Vice President - Business Development (817) 850-9204…
  12. 2Q 2021 Earnings Presentation – HighPeak Energy – slide 12
    Appendix 13
  13. 2Q 2021 Earnings Presentation – HighPeak Energy – slide 13
    NON-GAAP RECONCILIATIONS Reconciliation of Net Income/Loss to EBITDAX Calculation of Net Debt (in thousands) Three Months Ended (in thousands) As of 30-Jun-21 31-Mar-21 30-Jun-21 31-Mar-21 Net income 5,743 4,744 Total debt…

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