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Diamondback Energy | Q3 2013 Earnings Presentation | Tracy Dick | Page 12 of 11 | November 21, 2024

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toolButton prevButton nextButton prevKeyButton nextKeyButton prevKeyButton nextKeyButton byDateAscButton byDateDescButton byCompanyNameAscButton byCompanyNameDescButton hidden hidden		Document: "Q3 2013 Earnings Presentation" View Full Document		× Search Selection Search by Text Search Search by Slide Search Cross reference your docFinder results against PLS' extensive news archives. For demo or training contact Melwyn Oommen, melwyn.oommen@drillinginfo.com
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(1) Comparison reflects latest reported adjusted EBITDA/BOE production margins of peer group including ATHL, AREX, CXO, LPI and PXD. (2) 1,280 acre spacing units in the Bakken; 640 acre spacing units for all other plays. (3) Defined as threshold WTI oil price necessary to generate a 10% pre-tax rate of return. Excludes acreage costs. (4) Estimated recovery per ITG based on early PXD well performance. $55 $59 $62 $65 $66 $68 $73 $74 $80 $80 $80 $82 $85 $89 $101 Mi dl and Wol fcamp Hz (500 MBOE) Mi dl and Vt Marma ton Eagl e Ford Uinta Vt Bakken D J Ni ob rara (Watt) Mississippi Li me Cleveland P RB Barne tt Combo Uinta Hz Woodbine Tonkawa D J Ni ob r ara Lower 48 Plays – Pre-Tax PV-10% Break-Even Oil Prices ($/Bbl) (3) Permian Basin Economics – Resetting Due to Horizontal Well Results ? Not only are Permian Basin economics some of the strongest in the US, but recent horizontal well results are resetting expectations ? Additional potential exists from other horizontal targets, currently being tested by industry ? Diamondback leading the way in delivering horizontal value ? Best in class margins of public Permian peers (1) ? Provides catalyst for acceleration of horizontal inventory (3) 11 $0 $50 $100 $150 $200 $250 Permian Midland Niobrara Wattenberg Super-rich Marcellus Liquids-Rich Marcellus Liquids-Rich Eagle Ford Liquids-Rich Utica Wet Gas Utica Bakken Three Forks ($23.0) USD (000) $143.4 $125.6 $113.2 $56.0 $154.0 $196.0 $201.4 $203.8 Hz Spraberry ($72.8) Vt Wolfberry ($34.0) Hz Wolfcamp ($97.0) Codell ($57.6) Niobrara C ($71.9) Niobrara B ($71.9) Marcellus ($112.0) Upper Devonian ($84.0) Marcellus ($88.0) Upper Devonian ($66.0) Middle Bakken ($33.0) Undiscounted Acreage Value (2) Source: ITG IR as of 4/22/2013. Source: Estimates based on publicly available information.