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August 2014 Investor Presentation – Diamondback Energy, Inc.

Diamondback Energy, Inc. · Aug 1, 2014 · 24 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. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 1
    Investor Presentation August 2014
  2. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 2
    Diamondback Energy Acreage Diamondback Energy Overview Top Performing Developer of Horizontal Inventory Currently running 5 horizontal and 1 vertical rig Midland Execution focus drives peer leading performance Basin Volume and…
  3. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 3
    2Q14 Operational Update FANG Continues to Deliver on Execution Average 2Q14 daily production of 17,836 BOEPD, a 32% increase q/q and 171% increase y/y Gaines Dawson Increased 2014 production guidance to 17 19 MBOEPD from 16 18…
  4. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 4
    Viper Energy Partners Landmark IPO of Mineral Interests September 2013 - acquired 14,804 gross acres of minerals in the core of the Northern Midland Basin 440 million purchase price Non-traditional investment for an E&P company,…
  5. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 5
    Adding Acreage in the Core of the Northern Midland Basin Provides meaningful increase in oilrich net acreage Acquisition Acreage Map Signed Purchase and Sale Agreement (PSA) on July 18th to acquire 13,136 net acres mostly in Midland…
  6. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 6
    A Growth Story Average Daily Net Production (MBOEPD)1 Total Reserves Growth1 (MMBOE) Proved Undeveloped 4 75.7 Pending Acquisition Proved Developed Oil Gas/NGLs 17.8 18.0 Closed Martin County Acquisition of Proved Developed 4…
  7. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 7
    Peer Leading in Cash Margins Cash Margins Exceed Peers by Nearly 40%1,2,5 FANG Operating Expenses Over Time3 (/BOE) FANG Peer Average FANG Realized Price (/boe) 27.83 General and Administrative Taxes and Other 84.67 LOE 79.14…
  8. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 8
    Horizontal Execution Peer Leading Performance Best Performing Wells Crystal 3-Well Pad Lateral Length Fewest Days Lowest Cost MM ERU 5803 3H Crystal A Unit 1H 5,000 9 days (5,068) 5.1 (5,232) Neal F Unit 806LS Neal C Unit 8 3H…
  9. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 9
    Superior Geosteering & Hydraulic Fracturing Offset Well Control Wolfcamp B Seismic Surface Hz Target Window (30) Well Path Frac Gradient - Blue Breakdown Pressure - Red Prop Weight - Red Fluid Volume - Blue Total Gas -…
  10. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 10
    Midland County Wolfcamp B- Type Curve MIDLAND COUNTY WC B AVERAGE RESULTS - NORMALIZED TO 7500' LATERAL 150 TYPE CURVE Type Curve represents 460 MBO oil portion of 638 MBOE two stream Type Midland County Average Curve (695 Mboe…
  11. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 11
    Midland County Lower Spraberry- Type Curve MIDLAND COUNTY LOWER SPRABERRY RESULTS - NORMALIZED TO 7500' LATERALS 200 Type Curve represents 525 MBO oil TYPE CURVE portion of 650 MBOE two stream Type KEMMER 4210H - LS Curve (692 MBOE…
  12. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 12
    Development of Viper Energys Spanish Trail is Well Underway Operators Incentivized to Drill Two Dedicated Hz Drillers Mineral interest in 14,804 gross acres in Midland County known as Spanish Trail Viper does not pay direct LOE or…
  13. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 13
    Diamondback Energy - 2014 Standalone Capital Program Drilling Program1 2014E Capital Expenditures 65-75 gross horizontal and 20-25 gross Vertical Infrastructure Non-Op Drilling and 5% 2% vertical wells planned for 2014 Completion…
  14. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 14
    In Conclusion Complementary acreage additions Midland Basin focused Maintain operations excellence Efficient capital allocation Target Debt/EBITDA < 2X Additional testing in other shale benches Stacked laterals in multiple…
  15. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 15
    APPENDIX 16
  16. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 16
    Diamondback Energy - Financial Summary Revenue Growth1 ( in MMs) Hedging Oil Swaps 2014/2015 Average Bbls Per Day Average Price Per Bbl 127.0 IPO Third Quarter 14 LLS 7,000 98.64 98.0 Fourth Quarter 14 LLS 7,000 98.64 75.9 2014…
  17. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 17
    Multi-year Inventory Continues to Grow Identified Net Potential Drilling Locations 1,022 3,454 Pending Acquisition Locations 1,252 190 389 642 1,062 67 149 322 40-Acre Additional Wolfcamp B Additional 20-Acre Total PUDs…
  18. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 18
    Compelling Acquisition to Add Attractive Horizontal Inventory Key Benefits Expands scope of core Midland Basin assets Midland Basin Net Acreage Current Net Production (BOEPD)1 Provides meaningful increase in oilrich net acreage…
  19. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 19
    Pending Acquisition Acreage is Central to the Best Well Results in the Midland Basin FANG Gridiron N 1H WB Wolfcamp B PXD Flanagan 14 Lloyd A 21H Lower Spraberry Shale 24-hr IP: 2,757 BOEPD Peak month: 913 BOEPD Peak 30-day avg rate:…
  20. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 20
    Permian Basin Refineries & Pipelines McKee Cushing Borger Gallup Navajo Wichita Falls Colorado City Midland Big Spring Longview Crane Wink Wortham McCamey Houston Nederland PAA/EPD Eagle Ford JV…
  21. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 21
    Permian Basin Long Haul Pipeline Infrastructure Existing Pipelines Owner Origin Destination Capacity (kb/d) Comments Basin PAA/EPD Jal, NM Cushing, OK 450 Centurion OXY NM, TX Cushing, OK 100 West Texas Gulf SXL Colorado City, TX…
  22. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 22
    Permian Basin Refining Capacity Company Refinery Capacity (kb/d) 90% Capacity (kb/d) Midland Crude Use (kb/d) ALJ Big Spring, TX 75 68 68 HFC Artesia, NM 100 90 90 PSX Borger, TX 145 131 131 VLO McKee, TX 168 151 40 WNR El Paso, TX…
  23. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 23
    WTI-Midland Differentials 30.00 25.00 20.00 /bbl 15.00 10.00 5.00 0.00 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15…
  24. August 2014 Investor Presentation – Diamondback Energy, Inc. – slide 24
    Diamondback Energy 2014 Production Guidance Increase Diamondback Viper Energy Diamondback Excluding Viper Partners Energy Revised Increased Net Production 14.5 16.0 2.5 3.0 17.0 19.0 MBoe/d1 - million Gross Horizontal Well…

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