Unconventional Resources Technology Conference Permian Basin Takes the Global Stage August 1, 2016 www.pxd.com NYSE: PXD
Permian Basin Regional Overview Outline of Central Basin Uplift Outline of Tatum Central Basin Platform Basin Grisham Fault Big Lake Fault Ozona Uplift Top Woodford structure Marfa (from Geomap) Basin Kerr…
The Two Largest U.S. Oil Shale Plays Delaware Midland Midland Basin Delaware Basin Basin Basin 75 BBOE recoverable Current estimates resource potential indicate similar Avalon Shale Clear Fork resource potential to the Midland Basin…
Permian Resource Perspective Total Recoverable Resource (BBOE)1 0 20 40 60 80 100 120 140 160 Ghawar, Saudi Arabia Permian Basin, USA Produced To Date Midland Basin Delaware Basin Burgan, Kuwait Safaniyah, Saudi Arabia Eagle…
Impact of Horizontal Technology in the Midland Basin Midland Basin Spraberry/Wolfcamp Production 1,100,000 1,000,000 900,000 800,000 Spraberry/Wolfcamp production has 700,000 increased 850,000 BOEPD since 2009…
Permian Basin Horizontals Are A Game Changer The Permian Basin has produced 35 BBOE in the past 90 years with an estimated 150 BBOE recoverable reserves remaining 1.6 Permian Basin Tight 160 Oil Production 1.4 140 Daily Oil…
Permian Basin Only Growing Oil Shale Play Since 2015 Permian Basin is the only growing major U.S. oil shale since downturn began 30% 25% Percent Change in Daily Production Since 2015 20% 15% 10% 5% - (5%) (10%)…
Permian Basin Rig Count % U.S. Horizontal Oil Rigs By Basin 100% 90% Williston 80% 70% 50% Permian Basin 60% 15% 50% Other 40% 30% 20% Eagle Ford 10% Woodford 0% Feb/11 Feb/12 Feb/13 Feb/14 Feb/15 Feb/16 Permian…
Permian Basin Horizontal Economics Among the Best in the World Average breakeven oil price (/barrel) Recent transactions for Permian Basin acreage: Delaware Basin 27k/acre Midland Basin 58k/acre PXD Midland HZ 9 Source:…
Top 20 Most Active Permian Operators Permian Permian Horizontal Horizontal Rig Count Rig Count at 2016) (End-Q1 end-Q1 18 Permian Horizontal Rig Count (as of end-Q1) 203 Gross Operated 16 Permian Production (MBOEPD) 14 HZ…
Permian Basin Poised For Long-Term Growth The Permian Basin will drive long-term U.S. oil production growth 6 Permian Basin Oil Growth Forecast 2025 (2016 - 2025) 5 MMBOPD 5 Daily Oil Production (MMBOPD) 4 Today 3 2…