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…
Successfully Navigating a Volatile Environment Focus on Enhancing and Preserving Value Reduce Capital Program 50% YOY Reduce Dividend Achieve Additional Cost Savings and Efficiency Gains Continue Active Monetization Program Reduce…
Financial Discipline: Investing Within Cash Inflows Increasing Flexibility 50% YOY Capital Reduction 80% Dividend Reduction Improving Cost Structure Ongoing Monetizations * Based on consensus prices as of 6/23/2016: WTI…
U.S. Onshore: Enhancing & Preserving Value 70% Capital Reduction YOY Focus on Base Production Reduce Costs and Improve Efficiencies 230 IDUCs Provide Flexibility 170+ IDUCs Expected YE16 U.S. ONSHORE NET 2015 2016E SALES…
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 TIE-BACK ECONOMICS CAESAR/TONGA LUCIUS HEIDELBERG 2 0 1 6 P L A N N E D A C T I V I T Y 2 0 1 6 P L A N N E D A C T I V I T Y 2 0 1 6 P L A N N E D A C T I V I T Y 2 Tiebacks Achieved…
Mozambique LNG: Working Parallel Processes Legal & Contractual APPROVE PLAN OF DEVELOPMENT Framework FID WHEN Offtake SECURE 8+ MMTPA SPAs UNCERTAINTY Agreements REMOVED Project ADVANCE TOWARD 2/3 LEVERAGE Financing…
2016 International & Deepwater Exploration Activity Gulf of Mexico LAND POSITION 1.6 MM Gross Acres 2016 ACTIVITY PHOBOS Appraisal Well SHENANDOAH Appraisal Well WARRIOR Exploration Well COLOMBIA CTE DIVOIRE LAND POSITION…
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 Capitalize on Portfolio Diversification and Flexibility Continue…
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…