Skip to main content March 2022 Corporate Presentation – Parex Resources, Inc. | Shale Experts
Loading...
Pm

March 2022 Corporate Presentation – Parex Resources, Inc.

Parex Resources, Inc. · Mar 1, 2022 · 17 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. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 1
    Corporate Presentation Unlocking Colombia March 2022 1
  2. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 2
    PXT Snapshot Largest independent Colombian oil & gas company Land position of 5.8MM net acres Production and reserves growth Venezuela Growing on an absolute and per share basis Industry-leading cash flow netbacks Unhedged…
  3. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 3
    Focused Colombian Asset Base Net Acreage (MM) Conventional, oil-weighted Colombian producer 6 Largest independent acreage holder in Colombia 2021 Colombia Bid Round Awarded 18 blocks in 2021 Colombia bid round Increased Position by…
  4. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 4
    Industry-Leading Profitability 2022E Cash Flow Netback (US/boe) 45 PXT vs. TSX-Listed Companies with 25,000 boe/d of 2022E crude & liquids production 40 35 30 25 20 15 10 PXT Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6…
  5. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 5
    Production and Reserves Growth Production Per Share(1) PDP Reserves Per Share(2) CAGR 17.6% (2017-2022F) 0.18 20.8% CAGR (2017-2021) 0.66 0.14 0.13 0.13 0.54 0.48 0.10 0.08 0.39 0.31 2017A 2018A 2019A 2020A 2021A 2022F…
  6. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 6
    Return of Capital Track Record Summary (C MM) Levers 1,350 393 1,320 Normal course issuer bid (NCIB) program 1,200 Over past three years have purchased full 10% allowable pursuant to NCIBs 1,050 334 In 2022, expect to purchase full…
  7. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 7
    ESG Priorities Environment Social Governance Introduced GHGs emissions intensity Water for All increase community reduction targets (mid-term target: 50% 2023 diversity target reduction by 2030 from 2019 levels) access to clean…
  8. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 8
    ESG Performance Environment 14% reduction in scopes 1 & 2 GHG emissions intensity to 20 Kg CO2e/boe in 2021 from 23 Kg CO2e/boe in the prior year ESG Score Rating: 75 Top 3 among TSX Capped Energy Index 67,124 Mt CO2e emissions avoided…
  9. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 9
    2022 and Long-Term Vision 9
  10. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 10
    2022 Corporate Guidance 2020A 2021A 2022F(1) Brent (US/bbl) 43 71 80 Production (boe/d) 46,518 46,998 53,000 Production Growth -12% 1% 13% Production Growth (per share)(2) -7% 12% 23% Shares Repurchased (MM) 14 13 12 Year-End Shares…
  11. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 11
    2022 Capital Allocation 2022F Capital Allocation (US MM) 800 90/bbl 80/bbl 600 265 325 425 25% 400 Exploration 2022F Production Guidance 70/bbl 10% Appraisal Brent 52,000-54,000 boe/d 65% +13% YoY growth 200 Development…
  12. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 12
    2022 First-Mover Advantage Entering the year with the most extensive land base in the companys history Secured rigs under long-term contracts to have equipment in place to successfully execute capital investment programs Increased…
  13. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 13
    2022 Activity Plan Area Summary 2022F Capex Allocation (US MM) Llanos LLA-34 (Non-Operated) Base production area 105 Capital Expenditure: 90-100 million 425 Well Program: 23-26 Midpoint 270 50 Llanos (Operated) Development area…
  14. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 14
    Long-Term Production Vision Illustrative Production Growth (boe/d)(1) 100,000 Ambition High-risk, high-reward exploration Exploration plus Magdalena exploitation upside that can 80,000 Longer-term exploitation upside using proven…
  15. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 15
    Long-Term Return of Capital Framework 1. Sustainable business invest approximately two thirds of FFO into our business Invest in long-term growth and replenish development inventory Investing US425MM across development, Continuous…
  16. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 16
    Key Takeaways Focused on unlocking Colombian asset portfolio through technology First-mover advantage: acreage to explore, secured rigs and long-lead items, and strengthened team Balanced capital investment plan that has strong…
  17. March 2022 Corporate Presentation – Parex Resources, Inc. – slide 17
    Advisories Non-GAAP and Other Financial Measures Advisory This presentation uses various non-GAAP financial measures, non-GAAP ratios, supplementary financial measures and capital management measures (as such terms are defined in…

From the store

Browse maps, data & reports in the Shale Experts store