Key Highlights and Messages f Record Quarterly Sales Volume* 3Q up 8% versus 2Q and up 11% versus last year Liquids reached 107 MBbl/d, or 44% of 3Q total sales f Record Discretionary Cash Flow* Driven by Liquid Sales 3Q up 27%…
Liquids Sales Volumes by Quarter 34% year-over-year growth 3Q Liquids Volumes, Year Change Total 107 MBbl/d, Up 34% DJ Basin 44 MBbl/d, Up 22% DW GOM 18 MBbl/d, Up 80% West Africa 36 MBbl/d, Up 64% MBbl/d % Total 125 50 100…
Deepwater GOM Big Bend/Troubadour Prospects Potential near-term impact f Combined Gross Mean Louisiana Resources of 90 MMBoe f NBL Operated: Big Bend Troubadour Mississippi Canyon WI 54% 87.5% Pg 55% 54% f Similar to Nearby…
New Venture Exploration Portfolio Frontier plays represent substantial worldwide resources N.E. Nevada 350 M Gross Acres 1.3 BBoe Gross Resources Sierra Leone NBL Operated 100% WI 1.4 MM Gross Acres NBL 30% WI Eastern Med (Oil)…
Falkland Islands New frontier basin with extensive running room Scotia 35% WI f Access to 10 Million Acres f Top 10 Targets Contain 7 BBbl Gross Unrisked Potential f Scotia Prospect Spud Late September Cretaceous oil target…
DJ Basin Production 20%+ year over year growth MBoe/d Total Net Production f Record Quarterly 100 Horizontal Production 83 of 31 MBoe/d +20% YOY Growth 80 f 3Q Liquids 59% of Total 60 Volumes f Third Party Downtime and 40…
Wattenberg Horizontal Niobrara Drilling Continuous improvement in drilling and completions Days Spud to Rig Release* Horizontal Completions 24 75 18 60 Record Well in 3Q12 at Less Than 6 Days 45 12 30 6 15 0 0 3Q10 4Q10 1Q11…
Northern Colorado Niobrara Exceptional results from a new area Boe/d East Pony Area f 11 Wells in East Pony 1,000 Outperforming Expectations 800 310 MBoe Type Curve Producing 5,500 Boe/d, 80% oil 80-Ac Pilot 600 Overall Average…
Extended-Reach Laterals Generating stunning results f 3 New Extended-Reach Lateral Wells Online Avg. lateral lengths 9,100 ft. Avg. 15 days to drill Boe/d Avg. drill and complete costs 8.3 MM 1,400 Returns 100%+ BTax, payouts…
Wattenberg Gross Operated Gas Forecast Gas system capacity keeping pace with growth MMcf/d 600 500 DCP LaSalle DCP Plant 400 DCP Compression, Mewbourn Other Projects Plant 300 200 100 0 Jan11 Jul11 Jan12 Jul12…
Northern Colorado Gross Operated Gas Forecast Additional gas capacity being developed f Gas Comprises Only 15% of Total Production Stream MMcf/d 60 45 3rd Party Plant Lilli Plant 30 Expansion, Injection Existing NBL…
DJ Basin Production by Area Extension area and Northern Colorado drive growth f Extension Area and Northern Colorado Deliver 50% of 2013 Volumes f Liquids Component Climbs to Over 65% by End Year 2013 Volume Liquids, Oil 100% 75%…
Marcellus Wet Gas Activity Ramping up liquids-rich production Majorsville Washington County NBL JV Area SHL1: 5-well Pad PA SHL 3: 8-well Pad OH Online Producing Flowback Operations SHL 8: 10-well Pad Drilling Initiated…
Tamar Project Platform en route to Israel with installation by year end Deck and Living Quarters Jacket 17
Fourth Quarter Sales Volume Guidance Midpoint quarter over quarter growth of 8% from adjusted base Sales Volumes from Continued Operations (MBoe/d) 248 - 252 242 231 (11) DJ Basin Marcellus DW GOM West Africa Q3 2012…
GAAP Reconciliation Second Quarter 2012 Adjusted Earnings and Discretionary Cash Flow Reconciliation of Net Income to Adjusted Earnings from Discretionary Cash Flow from Continuing Operations and Continuing Operations Reconciliation to…