Energizing the World, Bettering Peoples Lives FIRST QUARTER 2015 SUPPLEMENTAL INFORMATION
1Q15 Key Messages and Highlights Strong operational momentum and performance Record Company Sales of 318 MBoe/d Up 17% from 1Q14, adjusted for divestments Material Onshore Horizontal Production Growth 100 MBoe/d increase over last…
Core US Onshore Horizontal Production Track record of substantial growth 60% Total Increase From 1Q14 Core US Onshore Horizontal Volume MBoe/d DJ Basin up more than 50% and Marcellus 180 up nearly 75% 100 MBoe/d Increase Over…
Continued Drilling Efficiencies DJ Basin Delivering lower well costs and more completions Drilling 70% of 2014 Total Footage* Accelerated Drilling Performance With 40% of Rigs Footage of Days Retained most efficient rigs 1,750 1Q15 Avg…
Substantial Cost Reductions DJ Basin Significant progress on decreasing well costs Operational Efficiencies and Supplier Negotiations Decreased drilling times and equipment optimization contribute 5 - 15% savings 2015 Well Cost…
Rio Grande Development (Big Bend and Dantzler) Near-term major project impact to NBL Total Gross Resources of 140 240 MMBoe NBL Interests Infrastructure NBL operated Development Discovery Mississippi Canyon 698, 782 Initial…
Substantial GOM Growth Delivering strong oil production exiting 2015 2016 Average Production Estimated to MBoe/d GOM Production Double 2015 Volume 30 Big Bend commence production in 4Q15, Dantzler by end of 2015 Gunflint online by…
Cameroon Cheetah Prospect NBL Interests Producing Discovery Initial Cretaceous oil prospect in Douala Basin Alba Exploration Equatorial Alen Guinea Cheetah Gross Mean Unrisked Resources in Aseng Prospect Excess of 100 MMBoe WI…
Falkland Islands New frontier with significant prospectivity Over 10 MM Gross Acres North Basin - operated with 75% WI South Basin - operated with 35% WI Sea Lion Discovery Multi-billion barrel gross unrisked Rhea resource…
Falkland Islands Humpback Prospect Initial well in a billion barrel plus petroleum system Gross Mean Unrisked Resources in Excess of 250 MMBo WI 35%, NRI 32% Humpback-1 Humpback-1 Well Summary Water depth: 4,170 ft. Total…