Fulfilling Our Vision The Path to Value Creation Lee K. Boothby Chairman, President & CEO UBS Global Oil and Gas Conference May 20, 2014
Fulfilling Our Vision The Path to Value Creation Our Vision: To be recognized as the premier independent E&P company, delivering operational excellence, top tier business 52% 48% results and value to our shareholders, employees and…
Year-to-Date Highlights Execution 1Q14 results continued streak of solid operating results Strong production growth Demonstrating improved cost structure Expanding inventory in Anadarko, Uinta Basins On track to deliver 3-year…
Production by Area 140 Eagle Ford 120 Williston Anadarko* 100 Uinta MBOEPD (net) 80 60 40 20 0 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14e 3Q14e 4Q14e 1H15e 2H15e 2016e *Includes SCOOP and STACK; Excludes Granite Wash 5
Our Focus Areas Williston Basin 14 Cap-ex: 330 MM 4 operated rigs Liquids-focused horizontal 14 prod: 6 MMBOE, up 40% drilling Multi-stacked geologic pays Uinta Basin 14 Cap-ex: 400 MM 3-5 operated rigs 14 prod: 8.6 MMBOE, up…
Anadarko Basin Woodford Plays 225,000 Total Net Acres: STACK 170,000 net acres prospective 150,000 net acres for the Woodford 52% 48% 150,000 net acres prospective Meramec Play for the Meramac SCOOP South in development…
Anadarko Basin Resource North STACK SCOOP South STACK Proved concept CHESTER SHALE Tested SXL wells in Upper (Regional Topseal) 700 of Oil Saturated Interval Woodford & Upper Meramec MERAMEC 2014 STACK Plan Assess SYCAMORE…
Anadarko Basin SCOOP & STACK Production Wright Pad SCOOP Wet Gas (5 SXL wells): Gregory Pad SCOOP Oil (4 XL wells): Average 24-hr IP: 2,006 BOEPD/well Average 24-hr IP: 1,545 BOEPD per well NEW Average 30-day: 1,615 BOEPD/well NEW…
SCOOP Wet Gas Well Performance 23 wells plotted SCOOP Type Curve 1,800 against type curve 6,464 average lateral 1,600 length SCOOP Wet Gas (5,900') Type Curve 1,400 S-WG Actuals (6,464') Actual NEW Wright 1,200 development (5…
SCOOP Oil Well Performance 15 wells plotted against SCOOP Type Curve type curve 2,000 7,720 average lateral 1,800 length SCOOP Oil (8,900') Type Curve 1,600 S-O Actuals (7,720') Actual NEW Gregory 1,400 development (4 wells)…
STACK Well Performance 800 11 wells plotted against STACK Type Curve type curve 700 10,087 average lateral length 600 Type Curve STACK Type Curve (9,000) NEW Mary well 24- 500 Actual Actuals (10,087) STACK HR IP of 832 BOEPD…
Uinta Basin 15% production growth over 1Q13 Uinta Daily Production SXL drilling campaign in Central Basin shows encouraging results 30,000 Liquids Gas Assessing high-potential Central Basin BOEPD (net) 20,000 plays 3 New SXLs…
2014 Milestones Anadarko Basin 100% Y-o-Y production growth SCOOP Wet Gas moves to full development Test SCOOP Oil spacing pilots HBP and derisk STACK acreage Test the Lower Meramec in STACK Uinta Basin Assess high-potential…