HIGHPEAK ENERGY: CORE MIDLAND PURE-PLAY Northern Midland Basin Pure-Play Capitalized for Efficient Oil-Weighted Shareholder Value Creation Overview and Q2 Highlights Acreage Position and Selected Offset Operators Production…
DIFFERENTIATED GROWTH STORY CONTINUES Daily Production (boepd) (1) Annualized EBITDA (mm)(2) Wells Drilled (gross) Wells Turned In Line & Operational DUCs (gross) Includes 10 wells TIL in mid-July (1) Estimated Hannathon…
Q2 2022 SUMMARY (1) (4) Production Q2 2022 Earnings Q2 2022 Total sales volumes (MBoe) 2,001.6 Net Income (MM) 77.6 Total daily sales volumes (MBoe/d) 22.0 GAAP Earnings (per diluted share) 0.64 Oil percentage 86% EBITDAX (MM) 135.4…
Q2 2022 MARGINS Unhedged EBITDA margins for the 3 months ended 6/30/22 (/Boe)(1) Strong oil-weighted margins Accelerating margin growth with LOE reduction initiatives and dilution of fixed costs Peer average: 62.42/Boe…
OPERATIONS UPDATE Flat Top Area Signal Peak Area - HighPeak Drilling Rig - HighPeak Drilling Rig Added 14,000 net acres since Jan. 1, 2022 Closed Hannathon acquisition integrating operations Commissioned substation in late-May…
ESG AND SUSTAINABILITY STRATEGY Great for the environment and for the Companys bottom line Due to HighPeaks unique position, Q2 Recycled 82% of Flat Top stimulation fluids our ESG initiatives are both environmentally and fiscally…
MITIGATING CAPITAL COST ESCALATION Sand Trucking Pipe Fuel Water Contracted for Sand mine Aggressively Electrical Water system local sand at proximity started pre- substation providing fixed prices in reducing purchasing…
EXECUTING OUR PLAN 1 Responsible Growth 83% QoQ Production increase, 165% QoQ EBITDA increase, speeding toward FCF 2 Margin Excellence Peer leading margins due to high oil cut and operational excellence 3 Operational…
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 IRhighpeakenergy.com 12
Appendix 13
HEDGES(1) Summary Average oil volumes of 10,829 Bo/d hedged for remainder of 2022 at average price of 87.53/bbl(2) Average gas volumes of 5,000 MMBtu/d hedged through Q1/23 at an average price of 9.00/MMBtu OIL HEDGES…
NON-GAAP RECONCILIATIONS Reconciliation of Net Income to EBITDAX Unhedged Cash Operating Margin Reconciliation (in thousands) Three Months (in thousands) Three Months Ended Ended 30-Jun-22 30-Jun-22 Net income 77,561 Oil,…
SUBSTANTIAL INVENTORY(1) Level of Delineation Target Lower Middle Wolfcamp A Wolfcamp B Wolfcamp D Jo Mill Wolfcamp C Totals Locations / Rig Years Spraberry Spraberry Flat Top 197 / 8 128 / 5 264 / 11 75 / 3 174 / 7 150 / 6 0/0…
HIGHPEAK WELL ACTIVITY As of June 30, 2022 FLAT TOP SIGNAL PEAK LEGEND LEGEND Producing Producing In Progress In Progress Non-HighPeak Non-HighPeak Rig Released Wells Turned In Line In Progress(1) 2Q22 2022 YTD 2Q22 2022…
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