Diamondback Energy: Leading Pure-play Permian Operator Large Cap Permian pure-play E&P: Diamondback Acreage Map(1) 413,000 net Midland and Delaware basin acres(1) 11,100 gross (7,600 net horizontal locations)(1) Significant Free Cash…
Diamondback: Investment Highlights Generated 740 million of FCF (4.06 / share)(1) Oil production of 239.8 Mbo/d (404.3 Mboe/d) Permian Basin oil production of 223.0 Mbo/d (374.3 Mboe/d) Q3 2021 Highlights Cash capital expenditures…
Third Quarter 2021 Execution Q3 2021 Execution Gross Midland Basin D,C&E Well Costs ( / Ft.)(4) Q2 2021 Q3 2021 538 533 520 Oil Production 500 Net Mbo/d 242 240 Net Debt MM(1) 7,076 6,553 FY 2020A Q1 2021 Q2 2021 Q3 2021…
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…
Year to Date Execution on Investment Framework YTD Execution on Investment Framework: Consolidated Free Cash Flow Generation(1) 1.65 billion of Free Cash Flow generated in the first nine Free Cash Flow (MM) FCF / Share months of…
2021 and 2022 Free Cash Flow Sensitivity Diamondback expects it can maintain Q4 2021 Illustrative 2021E Consolidated Free Cash Flow at Various WTI Oil Prices (MM)(1) Permian oil production through 2022 assuming Q4 2021s run-rate CAPEX…
Increasing Return of Capital to Stockholders in 2022 Diamondback remains committed to capital discipline and its plan to return excess Free Cash Flow to its stockholders Company expects it can maintain expected Q4 2021 Permian oil…
Illustrative Return of Capital Program: Q3 2021 Results Commitment to return 50% of FCF to stockholders beginning Q4 2021 Pre-dividend FCF in 2022 expected to be split equally between return of capital to stockholders and debt…
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% 15 77% 76% 76% 77% 85% 72% 72% 73%…
Capital Structure and Liquidity Standalone liquidity of 2.0 billion as of September 30, 2021 (1) FANGs Liquidity and Capitalization (MM) Consolidated total liquidity of 3.0 billion FANG's Consolidated Capitalization 9/30/2021…
2021 Guidance Update Full year 2021 oil production guidance of 222.0 223.0 Diamondback Viper Mbo/d; 2021 plan aimed at maintaining pro forma Q4 Net Production Mboe/d 370.0 372.0 27.25 27.75 production levels net of asset sales Oil…
ESG Update 15
Environmental Strategy Update Diamondback recently announced its commitment to end routine flaring by 2025 and a long-term water recycling target to use recycled water for 65% of water used in all operations by 2025 Carbon emissions…
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: 4% of CO2e…
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: 1,000…
Environmental, Social and Governance (ESG) Scorecard 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 primarily purchased under long term purchase agreements with four large, well-funded counterparties Gatherer: OMOG (RTLR JV) Every…
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 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 FY 2023 245,000 Swaps - Henry Hub 2.65 Swaps - Waha…
Build-out of Midstream Assets Through Rattler Midstream Rattler Midstream: Rattler Midstream Asset Map(3) 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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