Key 4Q Highlights and Messages Excellent finish for 2012, momentum going into 2013 All Core Areas Contributed to Record Quarterly Sales Volume* 4Q up 10% versus 3Q, adjusted for property sales Liquids reached a record 120 MBbl/d,…
Liquids Sales Volumes Approaching 50% of total sales 4Q Liquids Volumes, Year Change Total 120 MBbl/d, Up 40% DJ Basin 51 MBbl/d, Up 34% DW GOM 21 MBbl/d, Up 110% West Africa 42 MBbl/d, Up 68% MBbl/d % Total 125 50 100 40 75…
2012 Proved Reserves Changes Replaced 136 percent of production MMBoe 1,500 Net Additions = 121 1,400 218 1,300 23 94 26 1,209 1,200 Adds (MMBoe) 1,184 DJ Basin 149 89 57 Marcellus 56 1,100 Tamar 7 Other 6 Total…
Onshore Horizontal Developments Delivering excellent results MBoe/d DJ Basin Net Production MMcfe/d Marcellus Net Production 100 15% QoQ 30% YoY Growth 150 19% QoQ 64% YoY Growth 80 120 60 90 40 60 20 30 0 0 4Q 11 1Q 12…
Optimizing DJ Basin Resource Recovery Potential for over 30 wells per section Wells Ranch Section 24 First Ever NBL Sim-Ops (drill and North Pad Niobrara A, Niobrara B, Codell complete concurrently) 5 Wells All 15 Wells Completed…
Extended-Reach Laterals Generating outstanding results Three Wells Online and Performing Above Expected Type Curve Avg. lateral lengths 9,100 ft. Six More Wells Drilled in 4Q Boe/d 3 with 9,000 ft. laterals 1,400 3 with 7,000…
Northern Colorado Niobrara Leveraging expertise to unlock new opportunity Superior Economics Wyoming Nebraska in East Pony with 80% Oil East Pony Three Well 80-Acre Pilot Keota Plant Yielding Best Results to Date Lilli Plant…
Marcellus Wet Gas Activity Ramping up liquids-rich production Majorsville Washington County NBL JV Area PA OH SHL1,3,6 WFN1: 7-well Producing Pad Drilling SHL 8: 10-well Pad Drilling Majorsville WEB 4: 11-well Pad…
Price Uplift for Wet Gas Nearly doubles value to over 7 per Mcf of wellhead gas /Mcf 8 7.10 15 Bbl/MMcf condensate at 80% WTI 6 50 Bbl/MMcf NGLs at 55% WTI 4 3.60 1,050 1,130 MMBtu residue gas 2 MMBtu (includes ethane)…
Rio Grande Area Big Bend and Troubadour Significant oil potential and near-term impact Rio Grande Area Gross Resources NBL Operated P75 P25 (MMBoe) Big Bend (WI 54%) 30 65 Troubador (WI 87.5%) 20 60 Total (WI 70%) 46 112…
Carla Development Next development and new discovery Estimated Gross Resources 36 136 MMBoe (P75 P25) Carla North Appraisal Drilling and Testing Ongoing Carla O7 Planning to Sanction in 2013 1-GI Alen Pilot Carla South…