Energizing the World, Bettering Peoples Lives FOURTH QUARTER 2015 SUPPLEMENTAL INFORMATION
4Q15 Key Messages and Highlights High-quality portfolio delivering tremendous operating results 4Q15 Discretionary Cash Flow* and Operating Cash Flows in Excess of Capital Continued Trend to Lower Production Costs LOE/BOE of 3.76,…
4Q15 Performance Versus Guidance Strong execution from operational momentum Financial and Operating Metric 4Q Guidance 4Q Actuals Financial Reconciliation 4Q (MM) 385 - 405 Original GAAP Net Loss (2,028) Total Sales Volumes (MBoe/d)…
2015 Proved Reserves Additions and performance revisions more than offset full year production BBoe DJ Basin 1.5 Location 1.4 Texas 62% U.S. 1.4 Marcellus 38% Intl EMed Composition 1.3 West Africa 35% Liquids 32% U.S. Gas…
2015 Summary Review Outstanding operational and strategic execution Aligned Capital and Cost Structure with Current Environment Record Company Safety Performance Exited 2015 with 5 Billion in Liquidity, Including 1 Billion in Cash…
Key 2016 Goals and Objectives Strengthen financial position and maintain capacity for long-term value Protect Balance Sheet Disciplined and flexible investment plan Ensure Total Cash Inflows Match or Exceed Total Cash Outflows…
1.5 Billion 2016 Capital Program Disciplined and prudent investment approach Significant Flexibility 1.5 Billion Capex Majority of asset positions held by production 390 MBoe/d Volumes Limited committed capital DJ Basin Program GOM…
2016 U.S. Activity Summary Focus on best return assets; exploration and appraisal in GOM DJ Basin 2 Rigs TIL*: 122 (205 equivalents) TDs: 91 (150 equivalents) Lateral Length: 7,600 ft. Marcellus Marcellus 0 Rigs TIL*: 52 (mostly…
Enhancing DJ Completions in Wells Ranch and East Pony New completion designs with higher proppant and slickwater Advanced Slickwater Completions with Higher Cum. MBoe Proppant Concentration 2015 Actuals w/ Enhanced Proppant (1,100…
Impressive Results In the Eagle Ford New completion designs ahead of expected performance NBL Drilling and Completing S. Gates Ranch Lower Eagle Ford Some of the Most Productive Performance Cum. MBoe Wells in the Eagle Ford 360…
Financial Position Focused on maintaining liquidity and deleveraging opportunities 5 Billion of Liquidity* 1 B cash and 4 B undrawn revolver (2020 Well Managed Maturity Profile MM maturity) 4,000 Debt-to-Capital of 40%** Well…