HighPeak Energy(HPK) - 2021 Q2 - Earnings Call Presentation

Financial Performance - HighPeak Energy's average production in 2Q21 was 8800 barrels of oil equivalent per day (MBoe/d), a 66% increase from 5300 MBoe/d in 1Q21[5] - The company's sales volumes in 2Q21 were approximately 90% oil and 96% liquids[5, 19] - HighPeak Energy reported a cash operating margin of $5135 per barrel of oil equivalent (Boe) in 2Q21[5] - The average realized price in 2Q21 was $6040 per Boe[5] - EBITDAX for the second quarter was $3838 million[11] Operational Efficiency and Capital Investment - HighPeak Energy is increasing its 2021 capital investment to a range of $245 million to $270 million, excluding acquisitions[23] - The company plans to allocate $210 million to $225 million for drilling, completion, equipping, and facilities (DCE&F) costs, targeting 35-40 gross wells[23] - Approximately $35 million to $45 million is earmarked for continued infrastructure development and leasehold improvements[23] - The company's drilling and completion (D&C) post-combination average cost is approximately $400 per foot[17] - HighPeak Energy's net debt is $12 million[10, 25]