Diamondback Energy: Leading Pure-play Permian Operator Large Cap Permian pure-play E&P: Diamondback Acreage Map(1) 414,000 net Midland and Delaware basin acres(1) 11,100 gross (7,600 net horizontal locations)(1) Significant Free Cash…
Diamondback: Investment Highlights Generated 578 million of FCF (3.18 / share)(1) Oil production of 242.5 Mbo/d (401.5 Mboe/d) Increasing annual dividend by 13% to 1.80 / share; declared Q2 2021 cash dividend of Q2 2021 Highlights…
Second Quarter 2021 Execution Q2 2021 Execution Gross Midland Basin D,C&E Well Costs ( / Ft.)(4) Q1 2021 Q2 2021 538 533 520 Oil Production Net Mbo/d 242 184 2021 Guidance: 520 - 550 / Ft. Net Lateral Feet TIL Net Ft.…
Overview of 2021 Guidance and Capital Budget 2021 Activity and Guidance Midpoints vs 2020 2021 Production and Activity Outlook Prior 2021 2021 2020A Guidance Guidance 2021 plan focused on maintaining pro forma Q4 2020 Permian oil…
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 1.525 - 1.625 billion in 2021; implies 15% 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 upcycle Diamondback's investment framework and…
Year to Date Execution on Investment Framework YTD Execution on Investment Framework: Consolidated Free Cash Flow Generation(1) 900 million of Free Cash Flow generated in 1H 2021(1) Free Cash Flow FCF / Share 750 5.00 1.80 per share…
Increasing Return of Capital to Stockholders in 2022 Diamondback believes the global oil market remains artificially undersupplied and therefore does not warrant shale production growth Company expects it can maintain expected Q4 2021…
Continued Best-in-Class Operational Performance Step-change in drilling efficiencies due to QEP integration and synergies; drilling times down 30% in Midland Basin using latest design Step-change in completion efficiency due to full…
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% 85% 77% 77% 74% 76% 76% 15 73% 72%…
Capital Structure and Liquidity Standalone liquidity of 1.8 billion as of June 30, 2021(1) FANGs Liquidity and Capitalization (MM) Consolidated total liquidity of 3.0 billion FANG's Consolidated Capitalization 6/30/2021 Cash and cash…
2021 Guidance Update Full year 2021 oil production guidance of 219.0 222.0 Diamondback Viper Mbo/d; 2021 plan aimed at maintaining pro forma Q4 Net Production Mboe/d 363.0 370.0 26.25 27.00 production levels net of asset sales Oil…
ESG Update 15
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: Drivers:…
Methane Emissions and Strategic Reduction Initiatives Diamondback 2020 Methane Emissions Detail and Current Strategic Initiatives: Gas Pneumatic Devices: 57% of methane emissions Flare Stacks: 25% of methane emissions Drivers: 1000…
Environmental, Social and Governance (ESG) Flaring (% of Gross Gas Production) GHG Intensity (mt / mboe Produced)(1) Methane Intensity (mt / mboe Produced)(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 21
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…
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 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 245,000 245,000 Swaps - Henry Hub 2.65 2.65…
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
Loading...
