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) 9,300 gross (6,300 net) horizontal locations economic down to 50 / Bbl…
Diamondback: Investment Highlights Generated 772 million of FCF (4.27 / share)(1) Oil production of 226.3 Mbo/d (387.1 Mboe/d) Permian Basin oil production of 224.4 Mbo/d (383.5 Mboe/d) Q4 2021 Highlights Cash capital expenditures…
Fourth Quarter and Full Year 2021 Execution Q4 2021 Execution FY 2021 Return of Capital Growth ( / Share)(5) Q3 2021 Q4 2021 FANG more than doubled its per share return of capital in 2021 Base Dividend Stock Repurchases Permian Oil…
2021 Execution on Investment Framework 2021 Execution on Investment Framework: Consolidated Free Cash Flow Generation(1) 2.42 billion of Free Cash Flow generated in 2021 (13.51 / Free Cash Flow (MM) FCF / Share share)(1) 900 5.00…
Overview of 2022 Guidance 2022 Activity and Guidance Midpoints vs 2021 2022 Production and Activity Outlook 2022 2021A Guidance 2022 plan focused on maintaining flat Q4 2021 Permian oil production Oil Production Flat 218 - 222 FY…
2022 Free Cash Flow Sensitivity Diamondback remains committed to capital discipline and its plan to return at least 50% of Free Cash Flow to its stockholders Company expects it can maintain expected Q4 2021 Permian oil production flat…
Return of Capital Program: Q4 2021 Results Commenced plan to return at least 50% of FCF to Q4 2021 Return of Capital Reconciliation(1) stockholders MM / Share Return of capital will consist of Diamondbacks Discretionary Cash Flow…
Track Record of Industry Leading Cost Control Midland Basin Drilling Days (Days to Total Depth) Midland Basin Completion Efficiency Avg. Ft. / Day Avg. Proppant / Day (1,000's) Avg. Fluid / Day (1,000's) 17.8 17.7 3,500' 3,200'…
Peer-Leading Cash Margins and Operating Costs Diamondback Cash Margins and Operating Costs Including Interest Over Time(1)(2) LOE Prod. taxes G&T Interest Cash G&A Cash Margin (%) 79% 80% 79% 78% 81% 15 76% 76% 77% 85% 74% Cash…
2021 Reserves YE21 proved reserves increased 36% y/y to 1,789 Total Reserve Growth (MMBoe) MMBoe (928 MMBo, 67% PDP) FANG Standalone VNOM MMBoe/Share 1,789 PDP reserves of 1,201 MMBoe; PDP oil reserves of 620 MMBo 1,316 10.08 Oil…
Capital Structure and Liquidity Standalone liquidity of 2.2 billion as of December 31, FANGs Liquidity and Capitalization (MM) 2021(1) FANG's Consolidated Capitalization 12/31/2021 Consolidated total liquidity of 3.1 billion Cash and…
Initial 2022 Guidance Full year 2022 oil production guidance of 218 222 Diamondback Viper Mbo/d; 2022 plan aimed at maintaining Q4 2021 Net Production Mboe/d 369 376 29.50 31.50 Permian production levels Oil Production Mbo/d 218 222…
ESG 15
Environmental Strategy and Commitments Diamondback expects to be a top quartile performer when it comes to execution on environmental goals, and our near-term targets reflect this expectation 2021 Corporate Responsibility Report…
Flare Reduction and Mitigation Strategy Contract Structuring / Negotiation: 2021 Flaring by Source Try to maximize fixed fee contracts that incentivize takeaway, regardless of market pricing 3rd Party Planned Recently added…
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: 57% of methane emissions Flare Stacks: Drivers: 1,000 total tank batteries;…
Social Commitments and Summary Awards and Financial Commitments: Recipient of the 2021 Governors Corporate Volunteering Champion Award from the Texas One Star Foundation Committed 2.5 million for the redesign of Hogan Park in Midland…
Governance Summary Board Independence & Diversity: Board Independence and Diversity 7 of 8, or 88%, of Board are independent 100% of Committee Members are independent 3 of 8, or 38%, of Board are diverse (gender or ethnic minority)…
Differential Per Share Metrics and Cost Structure Return On and Return Of Capital Significant Resource and Durable Inventory Conservative Financial Management Strategic Acquisitions and Execution Efficient Conversion of…
APPENDIX 24
Inventory and Development Strategy Diamondback Permian Basin Inventory: Gross Economic Locations at Various Oil Prices(1) 9,300 gross (6,311 net) horizontal locations economic at 50 / Bbl oil prices(1) 9,000 gross locations economic…
Current Hedge Summary: Natural Gas Consolidated Natural Gas Hedges (Mmbtu/day, /Mmbtu) Natural Gas Hedges Q1 2022 Q2 2022 Q3 2022 Q4 2022 1H 2023 2H 2023 Costless Collars - Henry Hub 350,000 390,000 360,000 360,000 179,890…
Rattler Midstream Summary Rattler Midstream: Rattler Midstream Asset Map(3) Publicly-traded midstream subsidiary (NASDAQ: RTLR) created by Diamondback Martin / Howard: Sourced Water Interests fully aligned with upstream operations:…
Viper Summary 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 Permian…
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...
