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 BRIAN KUCK Director 832 636 7135 SHANDELL SZABO Director 832 636 3977 PETE ZAGRZECKI…
Differentiating Capital Allocation & Portfolio Management Total Company 15 Billions 2011 2012 2013 2014 2015 2016E* -3 Adj. DCF Monetizations TPE Capital** Adj. FCF (Cumulative) * Based on consensus prices as of 5/2/2016: WTI…
WES & WGP: 13 Billion Value for Anadarko Anticipate Periodic Transactions 7 BILLION* LP UNIT VALUE WES Independently Funds Significant Midstream Expansions OWNED BY ANADARKO Provides Visible Cash Source Anadarko 1,200 6 Billion…
U.S. Onshore: Reducing Activity to Preserve Value DJ BASIN MARCELLUS GREATER NATURAL PLANNED ACTIVITY BUTTES 2015 2016E PLANNED ACTIVITY PLANNED ACTIVITY 7 Rigs 1 Rig 2015 2016E 2015 3 Frac Crews 1+ Frac Crews None None 2016E 1…
Midstream: Integration with Upstream Creates Value Enables Asset Operational Control YEAR-END 2015 PROCESSING PIPELINES THROUGHPUT GATHERING CAPACITY Ensures Timely Well Connections 18,000 5+ 350 4 Miles Bcf/d MBOPD Bcf/d Improves…
Gulf of Mexico: Anadarkos Superior Value-Creation Model Geologic Advantage Infrastructure Advantage Commercial Advantage Proven Oil Finders* 16 Billion 60+% Success Rate Adjusted FCF 2006 - 2015 Industry-Leading Project…
Gulf of Mexico: Low-Cost, High-Return Investment Opportunities GOM NET SALES Focused on Capital-Efficient Tiebacks VOLUMES 2015 2016E 15 - 30 Development Well Inventory TOTAL (MBOE/D) 85 76 - 80 Advancing Appraisal Opportunities…
Gulf of Mexico: Near-Term Exploration & Appraisal PHOBOS SHENANDOAH BASIN WARRIOR 1 Appraisal Well 2 Appraisal Wells 1 Exploration Well Potential Tieback to Lucius Evaluating Development Options Potential Tieback to Marco Polo K2…
Shenandoah: Active Appraisal Program GULF OF MEXICO Shenandoah-2 Shenandoah Significant Resource Potential 30% WI WALKER RIDGE Large Structural Closure A Thick Sandstone Packages A 100 Excellent Reservoir & Fluid Properties…
Best-In-Class Project Management Delivers Value Lucius at Full Capacity DESIGN ONE: BUILD TWO Heidelberg Achieved First Oil 1Q16 LUCIUS Sanction to First Production: 3 Years TEN Scheduled First Oil 3Q16 Mozambique LNG Development…
Upgraded Deepwater Rig Fleet Enhances Efficiency RIG FLEET 2016 2017 2018 2019 2020 Noble Bob Douglas Rowan Resolute Noble Bob Douglas Bolette Dolphin Ocean BlackHawk Ocean BlackHornet Ocean BlackHornet w w w. a n…
MOZAMBIQUE Mozambique LNG: Reducing Uncertainty Gross Acres: 1+MM Enormous Recoverable Resources AFRICA 75+ Tcf in Offshore Area 1 AREA 1 Scalable Onshore Development to 50+ MMTPA Attractive Cost Advantages Close Proximity to…
COLOMBIA Colombia: Opportunity Rich Gross Acres: 16MM GRAND FUERTE (50% WI) GRAND COL (100% WI) SOUTH GRAND AMERICA COL COL 6 COL 7 COL 5 PURPLE 3D Phase II ANGEL GRAND 13,000 km2 FUERTE (2016) FUERTE NORTE APC WI Block…
Non-GAAP Reconciliation Adjusted EBITDAX (EBITDAX) The Company defines Adjusted EBITDAX as income (loss) before income taxes; gains (losses) on divestitures, net; exploration expense; depreciation, depletion, and amortization;…
Non-GAAP Reconciliation Net Debt to Adjusted Capitalization The Company defines net debt as total debt less cash and cash equivalents. Net debt for Anadarko excluding Western Gas Equity Partners, LP (WGP) is Anadarkos Consolidated net…
Non-GAAP Reconciliation Adjusted Discretionary Cash Flow from Operations (Adjusted DCF) The Company defines adjusted discretionary cash flow from operations as net cash provided by (used in) operating activities adjusted by changes in…
Non-GAAP Reconciliation Finding and Development Costs The Company defines finding and development (F&D) costs as total costs incurred divided by reserve additions. In addition, the Company will use several variations of this…