Jagged Peak presents at EnerCom’s The Oil & Gas Conference®

Jagged Peak Energy (ticker: JAG)is a pure play growth-oriented E&P focused on the development of its contiguous acreage position in the heart of the Delaware basin in West Texas. Jagged Peak has approximately 75,000 net acres in Winkler, Ward, Reeves and Pecos counties with more than 2,000 identified drilling locations.

Q2 highlights

  • Record production volumes for the second quarter of 2018 grew 25% sequentially from the first quarter and averaged 34.6 MBOEPD (26.9 MBbls/d oil)
  • Increased midpoint of full-year equivalent and oil production guidance by 12% driven by a 25% increase in net footage completed and an 18% increase to capital
  • Updated hedge position provides additional cash flow assurance through 2020; increased 2019 hedged volumes of WTI and oil basis differentials to 7.7 MMBbls and 8.8 MMBbls, respectively
  • Borrowing base increased 53% to $825 million and increased elected commitments to $540 million

Breakout session at the EnerCom conference

During Jagged Peak’sbreakout session at the 2018 EnerCom conference, management was asked the following questions:

  • How do you think about Big Tex in the next year?
  • There has been chatter that Oryx is starting to get full. Can you speak to that as an anchor shipper?
  • Data is becoming increasingly important in optimization. What type of projects do you guys have around protecting data, data assets and data recreation?
  • What is your philosophy regarding flowback?
  • What do you think about 2019? How are you budgeting?
  • What realized prices are you seeing in 2019? Do you have the confidence to react and not react as you are walking in this direction of growth?
  • What do you think about the differential next year as DUC inventory is beginning to build in the Permian?
  • What is the board approved budget for 2019? Will it be done by year end?
  • Are you finding the optimal lateral length for Woodford?
  • Do you see an opportunity in service cost, horsepower cost savings?
  • How do you think about 2019 production?
  • What do you think about the amount of in-basin sand?
  • What are your thoughts on in-basin sand in 2019 vis-à-vis cost, availability?
  • What do you think about the difference in Woodford well and in-basin sand?
  • Can you comment on the recent M&A transactions in the basin? Are you feeling pressure to be larger to take advantage of the economies of scale?
  • What is the cost difference in Big Tex and Cochise?

You can listen to Jagged Peak’s presentation here.

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