Enverus Home docFinder M&A Learn More Videos About Us Contact Us Register

Log In

Username (email)

Password

Remember Me Forgot Password?

or Sign Up Now!

New Search* Back to Results
Note: Only one slide is currently available because you are not currently logged in.

Diamondback Energy | May 2015 Investor Presentation | Travis Stice | Page 3 of 11 | November 21, 2024

Save Email Print View in Results

toolButton prevButton nextButton prevKeyButton nextKeyButton prevKeyButton nextKeyButton byDateAscButton byDateDescButton byCompanyNameAscButton byCompanyNameDescButton hidden hidden		Document: "May 2015 Investor 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
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See Legal Disclaimer.

First Previous Zoom Next Last

3 Diamondback Energy Overview ? High Returns in Current WTI Environment ? At $60 WTI with recalibrated service costs and operating efficiencies the Company expects to generate comparable returns as when WTI was $75 1 ? 60% IRR at $60 Bbl WTI 1 ? Increasing 2015E production guidance range 11% to 29.0 - 31.0 Mboe/d while staying within previous capex guidance ? Have begun completing backlog of wells driven by service cost reductions ? Increasing from 3 to 5 horizontal rigs in 2H’15 to bring NAV forward ? Track Record of Capital Discipline, Stockholder Returns, Accretive Acquisitions and Maintaining a Strong Balance Sheet ? Peer-leading drill and complete times translate to lower well costs and higher returns 2 ? History of higher cash margins and lower OpEx than peers 2 ? Strong balance sheet with low net debt to 1Q’15 annualized Adjusted EBITDA 3 of 1.3x – supports increased activity ? Viper Energy Partners Drives Significant Free Cash Flow ? ~$1.6 BN market capitalization 4 ; Diamondback owns 88% ? Ownership of underlying minerals significantly improves rates of return ? Key Statistics ? Midland Basin pure-play with ~89,200 pro forma net acres 5 ? Market capitalization of $4.7 BN and enterprise value of $5.5 BN 6 ? 1Q’15 production of 30.6 Mboe/d, up 705% since IPO ? Pro forma proved reserves 7 : 117.2 MMBOE (60% PD), up 84% y/y Diamondback Energy Acreage Spanish Trail Acreage Acquisitions 11,948 Net Acres Central Basin Platform Eastern Shelf Midland Basin (1) $60 WTI returns assume realized prices of $56.50 oil, $3.40 gas, $14 NGLs. Based on 7500’ lateral and average EUR of 800 Mboe. Peak well cost of ~$7.8 MM and assumes ~23% cost reduction. (2) Peers include CXO, LPI, PE, PXD, and RSPP. (3) Annualized Adjusted EBITDA is Adjusted EBITDA for the three months ended March 31, 2015 multiplied by four. Actual Adjusted EBITDA for 2015 will depend on many factors and may differ from Annualized Adjusted EBITDA. See the disclaimers at the beginning of this presentation. (4) Based on closing price on May 5, 2015. (5) Pro forma net acreage number accounts for both recent and pending announced acquisitions. (6) Market data based on 59.0MM shares outstanding and $79.76 closing share price on May 5, 2015. Cash, debt and noncontrolling interest as of 1Q15 10-Q. (7) Includes YE2014 standalone reserves plus May 2015 announced acquisition proved developed reserves estimates prepared internally by the Company and subject to numerous assumptions and risks. Substantially all of these acquisitions remain pending and there can be no assurance that they will be completed on the anticipated terms or at all.