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Diamondback Energy
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Q3 2013 Earnings Presentation
| Tracy Dick | Page 21 of 11 |
December 01, 2024
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"Q3 2013 Earnings Presentation"
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? $425 – $475 MM capital expenditures: ? Horizontal Drilling: 85% ? Currently operating 4 horizontal rigs ? Fifth horizontal rig to be added in 2Q’14 ? 65 – 75 gross operated horizontal wells expected to be drilled ? Focus on Andrews, Martin and Dawson Counties and continue aggressive development in Midland County ? Vertical Drilling: 8% ? One vertical rig expected to be active during 2014 ? – 25 gross operated vertical wells expected to be drilled ? Focus on Midland County mineral interests ? Maintaining leasehold acreage ? Acquiring data for horizontal development ? Assumed average working interest at 90% on a stand- alone basis ? Infrastructure: 5% ? Non-operated drilling: 2% 2014E Capital Expenditures Source: Company Filings, Management Data and Estimates. ? Fully financed based on current liquidity, cash flow and expected growth in borrowing base over time 2014E Capital Plan 2014 Capital Program Horizontal Drilling and Completion 85% Ve rtical Drilling and Completion 8% Infrastructure 5% Non-Op 2%