Key Highlights and Messages Raising Full-year Volume Guidance Production* growth to accelerate with 3Q up 10% versus 2Q Liquids Growth Key Contributor to Results Reached 106 MBbl/d, or 47% of 2Q total sales Onshore Developments…
2012 Sales Volumes Guidance Update Midpoint raised to reflect year-to-date performance MBoe/d Original Guidance Range 244 256 Less Adjustments Non-core U.S. Onshore Asset Sales* (3 5) North Sea Discontinued Operations (7 9) Pro…
Third Quarter 2012 Sales Volumes Guidance Midpoint reflects 10% increase from 2Q, 12% from 3Q 2011 MBoe/d Third Quarter Guidance Range (July 2012) 242 250 Adjustments Included in Above Range Non-core U.S. Onshore Asset Sales* (3…
Liquids Sales Volumes by Quarter 45% year-over-year growth 2Q Liquids Volumes, Year Change Total 106 MBbl/d, Up 45% DJ Basin 42 MBbl/d, Up 31% West Africa 39 MBbl/d, Up 117% MBbl/d % Total 125 50 100 40 75 30 50 20 25…
Wattenberg Extension Area Well Performance Learnings yield notable improvement 2010 2011 2012 Early Drill Out and Snubbing on Completion 30-day Avg (Boe/d) 448 447 497 Controlled Flowbacks EUR (MBoe) 216 315 337 Well Count 14 25…
Wells Ranch Section 25 Pilot Excellent results after four months Wells Ranch Section 25 All 9 Wells Performing Above 310 MBoe Type Curve Niobrara B 4 Well Pad 40-acre Spacing Exhibiting Best Niobrara C Performance to Date…
Wells Ranch Section 24 Pilot Testing 40-acre density opportunity Niobrara A Executing 15-well Pilot with High North Pad 300 Codell 5 Wells Niobrara B Density Spacing and Multiple Targets 300 Codell 380 Niobrara A Niobrara B…
Marcellus Wet Gas Drilling Activity Picking up momentum in Majorsville area Washington County Production from First Operated Pad Expected in Late July Sandhill 1 : 5-well Pad Sandhill 3 : 8-well Pad Online Late July 2 More Pads…
Marcellus Area Type Curves Performance better than acquisition model Raised EUR for SWPA Dry Gas 17% to 7 Bcf 7.0 Bcf Well Data Normalized to 5,000 foot Lateral Lengths 11
Galapagos Project Start-up Initial oil rate 30% above expectations First Oil Achieved Less Than 3 MBoe/d Initial Net Oil Production Years from Sanction 16,000 All Wells Performing Above Expected Production Rates 12,000…
Aseng Field Delivering breakthrough performance Gross Oil Production Single-day Production Record of MBbl/d 70 MBbl/d 75 Record Average Rate for 2Q of 63 MBbl/d, Up 9% Sequentially 60 Cumulative Production of 45 14 MMBbl in 8…