Key Messages and 1Q Highlights Unique design and execution delivering a unique future 20 Percent Production Growth Over 1Q13 After excluding non-core asset divestitures 4 of 5 core areas with increased volumes Pursuing Upside in U.S.…
Core US Onshore Horizontal Volume Exceeds 100 MBoe/d Accelerating development and creating value Over 70 MBoe/d Increase MBoe/d Versus 1Q 12 100 Marcellus and DJ Basin each up over 230% Combined 2H 14 Average 75 Expected to be…
2014 - 2015 Exploration Drilling Calendar Testing material opportunities in core and frontier areas Spud date 3D acquisition start date 6
Deepwater Gulf of Mexico Katmai Prospect New Miocene play with running room potential Green Canyon 40 Offset Well with Oil Shows WI 50%, NRI 41% Well Summary Water depth: 2,100 ft. Total planned depth: 26,300 ft. Currently…
DJ Basin Extended Reach Lateral Program Now represent more than 30% of total wells planned in 2014 ERLs Significantly Enhance per Well Returns and NPV Long Lateral Well Count Increased More than 100% Progressing the Development of New…
IDP Area Downspace Plans DJ Basin Downspacing Program Wells Ranch 3 tests, 80 wells Maximizing value through optimal spacing plan East Pony 6 tests, 35 wells Greeley Crescent 2 tests, 12 wells Confirmed Minimum 16 Wells Mustang 1 test,…
Marcellus Marketing Summary Well positioned within the SW part of the basin April Sales Percentage by Pipeline Diversified Access to Higher-Priced Local and Regional Markets TETCO M3 Balanced Blend of Established Firm Sales and…
Leviathan Development Continued momentum for monetization of 19 Tcf of gas Export Policy Approved Late 2013 Leviathan FLNG Leviathan Finalized Agreement with Israel FPSO Fixed Anti-Trust Authority Platform Received a 30-Year…
2014 Production Profile Continual and substantial growth through the year MBoe/d Full Year Guidance Range of 302 - 310 MBoe/d, 325 After Adjusting for Non-Core Asset Sales 320 - 326 300 290 - 296 286 275 250 225…
Second Quarter and Full Year 2014 Guidance 2Q 2014 Estimates FY 2014 Estimates Sales Volumes (MBoe/d) 290 - 296* 302 - 310* Product Mix (Oil / Gas / NGL) 37% / 55% / 8% 37% / 55% / 8% Capital (B) 1.2 - 1.4 4.8 - 5.0 Equity…