HighPeak Energy Investor Presentation - August 2023 1
HighPeak Overview Key Highlights Acreage Map Recent Production and Cash Flow Milestones: Q323 quarter to date production avg. 50.0 MBoe/d Reached free cash flow from operations(3) Flat Top Capital Discipline: Currently running 2…
Demonstrated History of Delivering Consistent, Organic Growth High Caliber Asset Base 50,000 Boe/d, 84% oil, 93% liquids 50 MBoe/d 200 producing horizontal wells Sustained peer leading margins 175% CAGR 3 MBoe/d 5
HighPeaks Margins Continue to Outpace Peers High oil cut, low-cost structure, and continued scaling of production lead to HPKs peer leading margins Q2 margins are 38% above nearest peer HPK Q223 margin (49.48/Boe) is 59% higher vs.…
Operations & ESG Update Operations Update Approximately 46 gross / 41 net additional wells coming online in 2H 2023 Development focus over foreseeable future will be WCA and LS HighPeaks significant investment in the development of…
Consistent Value Creation Average Daily Production (MBoe/d) EBITDAX(1) (MM) Net Debt / EBITDAX(1)(2) Proved Developed Reserves (MMBoe) Proved Developed PV-10(4) (MM) Proved Developed PV-10(4) / Net Debt At a constant price…
Capital Structure and Debt Maturities Recent Events Debt Maturities In July, Company completed 155MM equity raise with high management participation showing continued support to enhance near term liquidity and improve…
HighPeak Key Highlights Prime, Oil Weighted (93% liquids) Permian Asset Base with Low Breakevens Mid-Cap Permian Producer with Scale: Quarter-to-Date Production of 50 MBoe/d Financial Metrics Visible, Near-Term Improvement,…
HIGHPEAK ENERGY, INC. Appendix 11
HighPeak Well Activity Rig Released In Progress(1) Turned in Line Wells 2Q23 2023 YTD As of 30-Jun-23 2Q23 2023 YTD Gross Net Gross Net Gross Net Gross Net Gross Net OP 23 23.0 48 47.7 OP 35 35.0 OP 42 40.3 68 65.8 Non-Op 1…
Hedges Summary Average oil volumes of 9,478Bo/d hedged for 2H23 using swaps at an average price of 74.12/bbl Average oil volumes of 8,500 Bo/d hedged for 2H23 using puts at an average floor price of 57.82/bbl Average oil…
Q2 2023 Summary Production 2Q23 Earnings 2Q23 Total sales volumes (MBoe) 3,840.8 EBITDAX (MM) 185.0 Total daily sales volumes (MBoe/d) 42.2 Other Oil percentage 84% Capex (MM) (1) 299.6 Liquids percentage 93% (2) Rig Released /…
2023 Development Outlook Production, Capital, and Cost Guidance Production (MBoe/d) 2023 Average production rate 45 51 Exit production rate 55 61 Capex (mm) 2023 Gross Operated Wells TIL 105 115 Capital Expenditures D,C,E&F 900 -…
Non-GAAP Financial Measures Reconciliations Reconciliation of Net Income to EBITDAX Unhedged Cash Operating Margin Reconciliation Quarter Qtr. (in thousands) (in thousands) Year Ended Ended Ended 31-Dec-20 31-Dec-21 31-Dec-22…
Loading...
