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Q2 2014 Earnings Presentation August 2014 – Parsley Energy Inc.

Parsley Energy Inc. · Aug 13, 2014 · 11 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. Q2 2014 Earnings Presentation August 2014 – Parsley Energy Inc. – slide 1
    Q2 2014 Earnings Presentation August 2014
  2. Q2 2014 Earnings Presentation August 2014 – Parsley Energy Inc. – slide 2
    Parsley Energy Overview Market Snapshot Permian Basin Scale and Concentration NYSE Symbol: PE Legend Market Cap(1): 2,801 million Parsley Acreage Midland Basin Delaware Basin Net Debt(2): 35 million Midland Basin Enterprise Value:…
  3. Q2 2014 Earnings Presentation August 2014 – Parsley Energy Inc. – slide 3
    Q2 2014 Overview Q2 2014 Highlights Average Daily Net Production (Boe/d) Completed a successful initial public offering, raising more 15000 13,995 than 1 billion in gross proceeds Increased average production 53% QoQ to 14.0…
  4. Q2 2014 Earnings Presentation August 2014 – Parsley Energy Inc. – slide 4
    Horizontal Well Results and Status Number of Peak 30-day IP Stimulated Frac Peak 24-hr IP Peak 30-day IP per 1,000' (1) Well Name County Well Zone Lateral Length Stages (Boe/d) (Boe/d) Lateral % Liquids Dusek 45-1HB Upton Wolfcamp…
  5. Q2 2014 Earnings Presentation August 2014 – Parsley Energy Inc. – slide 5
    Horizontal Well Locations and Results Legend Parsley Acreage Midland Basin Midland Basin Tier I Shackelford 72HB Lateral length: 4,874 Peak 24hr/30ay IP (Boe/d): Dusek 451HB 1,134/878 Lateral length: 9,061 % Liquids: 89…
  6. Q2 2014 Earnings Presentation August 2014 – Parsley Energy Inc. – slide 6
    Strong Horizontal Well Results Out of the Gate Dusek 45-1HB Wolfcamp B; 9,061 stimulated interval 24-hour peak rate of 2,044 Boe/d (92% liquids); 30-day IP of 1,592 Boe/d 2,000 Skaggs 8-2HB Wolfcamp B; 4,799 stimulated interval…
  7. Q2 2014 Earnings Presentation August 2014 – Parsley Energy Inc. – slide 7
    Midland Basin Core and Tier I Acreage 300,000 effective acres with Net Acreage Net Horizontal Locations associated horizontal inventory Short / Long across 6 zones Core & Core & Potential for more zones to Core Tier I Tier I Total…
  8. Q2 2014 Earnings Presentation August 2014 – Parsley Energy Inc. – slide 8
    Capital Program and Liquidity Update Horizontal Rig Map Budgeted drilling and completion capex for second half Legend 2014 of 260-300 million Midland Basin Other Parsley Acreage Midland Basin More than 75% of D&C capex allocated…
  9. Q2 2014 Earnings Presentation August 2014 – Parsley Energy Inc. – slide 9
    Q2 2014 Select Operating Data Quarter Ended June 30, March 31, June 30, 2014 2014 2013(1) Net Production Volumes: Oil (MBbls) 654 491 236 Natural gas (MMcf) 2,020 1,016 1,197 NGLs (MBbls) 283 165 n.a. Total (Mboe)(2) 1,274 825…
  10. Q2 2014 Earnings Presentation August 2014 – Parsley Energy Inc. – slide 10
    2H 2014 Guidance 1H14 2H14 Actual Estimated Average net daily production (Boe/d) 11,602 15,500-16,500 Average Costs: (Per Boe) Lease operating expenses 7.95 7.00-8.00 General and administrative expenses (including non-cash)…
  11. Q2 2014 Earnings Presentation August 2014 – Parsley Energy Inc. – slide 11
    Hedging Update Oil Hedges 14,000 88.73 100.00 87.75 86.11 85.54 88.24 88.24 86.89 85.00 85.00 85.00 12,000 80.00 10,000 8,000 60.00 Bbls/d 6,000 40.00 4,000 20.00 2,000 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16…

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