A N A D A R K O P E T R O L E U M C O R P O R A T I O N INVESTOR R E L AT I O N S JOHN COLGLAZIER Senior Vice President 832 636 2306 JEREMY SMITH Director 832 636 1544 SHANDELL SZABO Director 832 636 3977 SCOTIA HOWARD…
Benefits of a Balanced Portfolio 18% Base Decline Leveraging IDUC Inventory Mega Project Contribution Full-Year Lucius Contribution Heidelberg First Oil 1Q16 TEN First Oil Expected 3Q16 Advantaged Maintenance Capital Provides…
Financial Discipline: Investing Within Cash Inflows Increasing Flexibility 50% YOY Capital Reduction 80% Dividend Reduction Improving Cost Structure Targeting up to 3 Billion Monetizations 1.3 Billion Monetized Thru 2/16 2016:…
Maintaining Financial Strength Successfully Refinanced Near-Term Maturities Investment-Grade Quality, Investment-Grade Approach Rating Outlook Last Update Ample Liquidity 900+ Million Cash-on-Hand YE15 S&P BBB Negative 2016 3 Billion…
U.S. Onshore: Enhancing & Preserving Value 70% Capital Reduction YOY 2015 CAPITAL PROGRAM Decrease Average Rig Count to 5 from 25 3.6 BILLION Midstream Focus on Base Production DJ Basin 400 MM 1,300 MM Reduce Costs and Improve…
DJ Basin: World-Class Asset CONSOLIDATED CORE ACREAGE DJ BASIN WITH MINERALS-INTEREST UPLIFT Net Acres: 350,000 1.5+ BBOE Net Resources 4,000 Identified Drilling Locations COLORADO LIGHT OIL OIL Leveraging Competitive Advantages…
Delaware: Doubling Net Resources & Lowering Costs DELAWARE BASIN Gross Acres: 610,000 Net Acres: 255,000 OIL-RICH PLAY WITH 2+ BBOE Net Resources YEARS OF DEVELOPMENT POTENTIAL Maintaining Top-Tier Acreage NEW MEXICO TEXAS TEXAS…
Gulf of Mexico: Enhancing Value Through Tiebacks Focused on Capital-Efficient Tiebacks GOM NET SALES VOLUMES 2015 2016E 30+% BTAX ROR 15 - 30 Development Well Inventory TOTAL (MBOE/D) 85 73 - 76 Advancing Appraisal Opportunities…
Ghana & Algeria: Growing Higher-Margin Oil GHANA & ALGERIA GHANA ALGERIA AFRICA WAWA HBNS CPF Planned FPSO Location TEN Complex Jubilee Unit APC WI Block BLOCK 19% WI TWENEBOA 24% WI TEAK Oil Field 404A PK0 Gas Condensate…
2016 International & Deepwater Exploration Activity GOM LAND POSITION 1.7 MM Gross Acres 2016 ACTIVITY PHOBOS Appraisal Well SHENANDOAH Appraisal Well WARRIOR Exploration Well COLOMBIA CTE DIVOIRE LAND POSITION LAND…
Exploration: Creating Unmatched Value with Optionality Net Discovered 6.5 Resources BBOE 10 Billion Monetized 14 Capital Invested Billion Resources Retained 5 BBOE Net Production 250 MBOE/d DRIVING VALUE EXPLORING APPRAISING…
Successfully Navigating a Volatile Environment Maintain Financial Discipline and Invest Within Cash Inflows Focus on Value Reduce Capital Spending and Cost Structure Position U.S. Onshore for the Future Capitalize on Portfolio…