Energizing the World, Bettering Peoples Lives THIRD QUARTER 2015 SUPPLEMENTAL INFORMATION
3Q15 Key Messages and Highlights Discipline and focus delivering tremendous results Capital Reduced to 664 Million, Below Guidance Range Full year capital reduced to slightly below 3 Bn, a decrease of 100 MM Unit Costs at Lowest…
3Q 2015 Performance Versus Guidance Strong beat across the board from operational momentum Financial and Operating Metric 3Q Guidance 3Q Actuals Financial Reconciliation 3Q (MM) 345 - 365 Original Total Sales Volumes (MBoe/d) 379 GAAP…
Aligning Capital Investments With Cash Flow Leveraging portfolio and operating flexibility Activity Levels Reduced and Focused on Highest Return Areas Capital and Cash Flow DJ Basin activity in Wells Ranch and East Pony MM IDPs…
Strong Underlying Asset Performance Record quarterly volumes in DJ Basin, Marcellus, Israel Focus on Enhancing Operating Value Not Volume Growth 3Q15 Volume Avg. of 379 MBoe/d 4Q15 Sales Volumes by Area Core IDP focus (Wells Ranch…
DJ Basin Performance Expansion of infrastructure and NBL execution delivering value 3Q15 Volumes Avg. 116 MBoe/d Lucerne-2 200 MMcf/d Positive Impact From Lucerne II Online Rocky CS 100 MMcf/d Line pressures reduced up to 100 psi…
DJ Basin Slickwater Completion Results Continuing to enhance overall value Optimizing Completions with Slickwater Outperforming Hybrid in Continued Slickwater Success in Cum MBoe Wells Ranch Test Certain Areas 15,000 15 Recent…
Texas Asset Performance Ahead of Plan Dimmit Exceeding expectations on execution and results Spud to Rig Release Times Materially Reduced Webb Eagle Ford - Lower EF wells averaging 8 days (normalized to 5,000 foot lateral), down…
Deepwater Gulf of Mexico Major projects contributing new oil volumes Rio Grande Project Online Late October NBL Interests 2015 and Ramping to Full Rate Rio Grande Development Infrastructure Producing Big Bend - expected maximum…
Rio Grande Project Execution Another major project development success Short Cycle Times and Delivered Within Sanction Budget Integrated approach including exploration, appraisal, and development teams Utilizing existing third-party…
Falkland Islands Rhea Prospect Exploration well in a proven petroleum system Gross Mean Unrisked Resources in West Orca Ridge Basin East Orca Ridge Basin Excess of 250 MMBo WI 75%, NRI 65% Rhea-1 Rhea-1 Well Summary Water depth:…
Well Positioned Entering 2016 Focused on prospering long-term Diverse and High Quality Asset Portfolio Provides Optionality and Flexibility Deep resource inventory and limited capital requirements (majority of acreage held by…
Financial Position Focused on maintaining strength 5 B in Total Liquidity* at End of Favorable Leverage 3Q15 34% 37% 33% 39% 36% 29% 3Q15 Net Debt-to-Capital: 36% No near-term debt maturities Investment Grade Rating YE13…