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February 2015 Investor Presentation – Parsley Energy Inc.

Parsley Energy Inc. · Feb 5, 2015 · 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. February 2015 Investor Presentation – Parsley Energy Inc. – slide 1
    Investor Presentation February 2015
  2. February 2015 Investor Presentation – Parsley Energy Inc. – slide 2
    Parsley Energy Overview Market Snapshot Production and Reserves Premier Acreage Position NYSE Symbol: PE 4Q14 Production: 18.2 MBoe/d Market Cap: 2,484 MM(1) Proved Reserves: 91 MMBoe(4) Net Debt: 395 MM(2) Liquids: 77% Enterprise Value:…
  3. February 2015 Investor Presentation – Parsley Energy Inc. – slide 3
    2015 Capital Program Flexible and Efficient 2015 Capital Program Overview Estimated 2015 Capex Mix Capital Discipline Facilities & Efficient spending plan with Y/Y average and exit to exit Other production growth on sharply reduced…
  4. February 2015 Investor Presentation – Parsley Energy Inc. – slide 4
    Efficient Production Growth with Improving Margins Estimated Y/Y Production Growth Estimated 2015 Production Mix 20 100% 16 80% 12 60% Mboe/d 8 40% 4 20% 0 0% 2014 2015E 2014 2015E Oil Gas NGL 2015 Production…
  5. February 2015 Investor Presentation – Parsley Energy Inc. – slide 5
    Highly Productive Horizontal Wells 1,600 PE Average Horizontal Well Production(1) 1,400 690 MBoe EUR Type Curve(2) 10% EUR Increase: 760 MBoe 1,200 20% EUR Increase: 830 MBoe 1,000 Boe/d 800 600 400 200 0…
  6. February 2015 Investor Presentation – Parsley Energy Inc. – slide 6
    Attractive Well Economics Become More Compelling with Service Cost Declines and EUR Improvement 690 MBoe EUR Type Curve 10% EUR Increase: 760 MBoe Rate of Return Sensitivity to D&C Costs Rate of Return Sensitivity to D&C Costs 20%…
  7. February 2015 Investor Presentation – Parsley Energy Inc. – slide 7
    Bolt-on Acquisitions Enhance Premier Asset Base Transaction Summary Midland Basin Position and Acquisition Closed on 8,450 net acres, primarily in Reagan County, for 139 million Bolt-on assets in heart of Horizontal Focus Area Based…
  8. February 2015 Investor Presentation – Parsley Energy Inc. – slide 8
    Acquired Properties Surrounded by Strong Wells Stimulated Number of Peak 24-hr IP Peak 30-day IP Peak 30-day IP Number Well Name County Well Zone Lateral Length Stages (Boe/d) (Boe/d) per 1,000' Lateral % Liquids(1) Core…
  9. February 2015 Investor Presentation – Parsley Energy Inc. – slide 9
    Strong Liquidity Position Enhances Flexibility Strong balance sheet to fund drilling plan through 2016, Pro Forma Liquidity(1) with 519 million of pro forma liquidity based on committed portion of borrowing base ( millions) Pro forma…
  10. February 2015 Investor Presentation – Parsley Energy Inc. – slide 10
    Capturing Hedge Value Parsley monetized a portion of its hedge value by rolling future positions to lower put spreads Strategy Benefits Capture unrealized value of hedge position in depressed oil Turned unrealized gains into 49…
  11. February 2015 Investor Presentation – Parsley Energy Inc. – slide 11
    Oil Hedge Position Oil Positions 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 Put Spreads (Bbl/day) 5,222 6,264 7,826 10,272 10,989 12,198 14,185 15,326 - - Put Price (/Bbl) 77.29 77.76 66.35 55.00 55.00 55.00 60.17 59.79 - -…
  12. February 2015 Investor Presentation – Parsley Energy Inc. – slide 12
    Gas Hedge Position Natural Gas Positions 1Q15 2Q15 3Q15 4Q15 (1) Three Way Collars (MMBtu/day) 10,000 9,890 9,783 9,783 Call Price (/MMBtu) 5.25 5.25 5.25 5.25 Put Price (/MMBtu) 4.50 4.50 4.50 4.50 Short Put Price (/MMBtu) 3.75…
  13. February 2015 Investor Presentation – Parsley Energy Inc. – slide 13
    Substantial Reserve Growth Reserve summary, as of 12/31/14, prepared by Netherland, Sewell & Associates, Inc. (NSAI) Drillbit F&D of 19.68/Boe(1) Reserves up 66% Y/Y PDP up 126% Y/Y PV-10 up 79% Y/Y Oil (Mbbls) Nat Gas (Mmcf)…
  14. February 2015 Investor Presentation – Parsley Energy Inc. – slide 14
    Promising Southern Delaware Exploration Program Parsleys acreage position in the Coyanosa sub-basin, within the Southern Delaware 52 Square Mile Proprietary 3D Seismic Data Shoot Basin, has Pennsylvanian-aged rocks in the oil window…
  15. February 2015 Investor Presentation – Parsley Energy Inc. – slide 15
    Appendix
  16. February 2015 Investor Presentation – Parsley Energy Inc. – slide 16
    Premier Acreage Position Midland Basin Acreage Map Midland Basin Pro Forma Acreage(1) Net Surface Acreage Core Tier 1 Total 49,504 30,131 79,634 Net Effective Acreage Core Tier 1 Total Lower Spraberry 14,603 16,553 31,156…
  17. February 2015 Investor Presentation – Parsley Energy Inc. – slide 17
    Substantial Drilling Inventory Midland Basin Drilling Inventory Midland Basin Pro Forma Drilling Inventory(1) Net Horizontal Undrilled Locations Core(2) Tier 1(3) Total(4) Lower Spraberry 63 89 152 Wolfcamp A 175 121 296 Wolfcamp B…

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