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 26 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

26 Attractive Acquisition and Development Economics – Announced Acquisitions (1) FANG purchase price adjusted for current production valued at $45 per Mboe/d, ~$33.7MM for ORRI to be dropped down to VNOM subject to board approval by Conflicts Committee and $4.9mm for salt water disposal facility. (2) Assumes 232 net locations at 800 Mboe per location and 75% NRI. (3) Based on FANG public guidance range. ? Management believes acreage is in top quartile of FANG’s existing acreage portfolio based on well results in immediate proximity ? Believe 3 horizontal zones are de-risked – Lower Spraberry, Wolfcamp B and Wolfcamp A with upside potential from Middle Spraberry ? Attractive acquisition price of ~$23,845 per adjusted (1) net acre and ~$2.05 per Boe (2) ? Total acquisition, D&C and LOE cost of ~$20 per Boe provides attractive economics even at low commodity prices 26 FANG Acquisitions (4) Price per acre ($ / net acre) (1) $23,845 Net acres 11,948 Illustrative acreage purchase price ($ MM) (1) $285 Locations (assumes 3 zones) 232 Avg EUR (Mboe) per location 800 Illustrative Net Revenue Interest 75% Acquisition Cost ($ / Boe) (2) $2.05 D&C cost per well ($ MM) (3) $6.5 D&C per Boe ($ / Boe) $10.83 LOE per Boe ($ / Boe) (3) $7.00 Total Acquisition, D&C and LOE Cost ($ / Boe) $19.88 Diamondback Announced Acquisitions