High-Quality Assets With Scale - Large Eagle Ford, Bakken and Delaware Basin Footprints - Scale Drives Cost Savings and Leverages Technology Gains - Most Productive, Lowest-Cost, Horizontal Oil Wells in the U.S. Innovation and Technology…
Direct ATROR* at Flat Oil Prices Eagle Ford Bakken/Three Forks Core Delaware Basin Wolfcamp - Oil and Combo Delaware Basin 2nd Bone Spring Sand Delaware Basin Leonard 40% 70% 50 Oil 60 Oil Powder River Basin Wyoming DJ…
Completed Well Cost* Average Drilling Days* (MM) (Spud-to-TD) 7.8 14.4 6.9 13.2 6.6 11.4 5.7 9.6 2014 2015 Plan Current Target 2014 2015 YTD 3Q15 Record * Normalized to 4,500 lateral. CWC = Drilling, Completion, Well-Site…
Eagle Ford West Wells Eagle Ford West Completion Design Average Cumulative Crude Oil Production* 47 High-Density Wells* vs. 41 Low-Density Wells* 2014 Vintage Wells (Mbo) (Mbo) 140 Shallower 80 2015 2014 Decline Cumulative…
Uniquely Positioned for Strong 2016 Performance Balanced Capex and Discretionary Cash Flow Increased Capital Flexibility - Fewer Rigs on Long-Term Contracts - Limited Retention Drilling Obligations - Few International Commitments…
2010 Completions 540 Events /1,000 ft 2015 Completions 4,030 Events /1,000 ft Enhance Complexity to Contain Events Closer Contact More Surface Area to Wellbore WF_1215-7
2. Summarize 3. Drill and Identify 1. Scale Rock Characteristics High to Low Quality Best Target Eagle Ford WF_1215-8