Lower 48 Onshore June 2016 MidCon Multi Lateral Development Pad 1
Our Mission, Strategy and Commitment Build a premier, market visible, competitive onshore operating company Create a high performance culture based on empowerment, accountability and collegiality Deliver high rates of return and…
Our Assets Today Five business units 6.0m net acres Produced 293 mboed in 1Q 2016 24,000 wells, 10,000 operated Resource base of 7.5 bn boe at YE 2015 37 tcf gas and 1.2 bn boe liquids 15,000 horizontal laterals identified L48…
Increasing Capital Efficiency Through Innovative Well Designs Evolution of Development Programs Leading to Multi-Lateral Horizontal Wells Conventional Vertical Single Tight Gas Horizontal Single Tight Oil Horizontal W / Winerack…
North - Greater Green River Basin Material Horizontal Development Potential 500,000 net acres Six distinct petroleum systems Luman 10-40H IP 30: 1,473 BOED 1.4 bn boe of resource potential Latham Draw 3-40H IP 30: 2,660 BOED…
North - Greater Green River Basin Liquid Saturated Stacked Reservoirs 7,000 TVD Horizon Hydrocarbon Horizontals Fort Union Wet Gas 120 Fox Hills Wet to Dry Gas 60 5,000 Lewis Oil to Condensate 180 Almond Wet to Dry…
North - Greater Green River Basin Early Horizontal Wells Creating Significant Value boed Luman 10-40H Production 10,000 2015 1st horizontal in eight years 1,000 Eight horizontal wells since September 2015 100 Actual Production…
West - San Juan Basin World Class Gas Resource Applying innovative techniques to achieve premier returns Seibel B2 Horther 31-03 Peak = 5.5 MMCFD Max 30 = 5.5 MMCFD Seibel A2 570,000 net acres Max 30 = 5.7 MMCFD Parry E2 Four…
West - San Juan Basin Discrete and Prolific Reservoirs with Horizontal/Multilateral Potential Horizon Reservoir Locations Hydrocarbon Coal bed 200 Fruitland Coal Dry Gas methane (270 laterals) Marine & non-marine 8,500…
West - San Juan Basin Coal Bed Methane Innovative well designs driving premier returns Highest multilateral production in the basin Average multi-lateral development cost of 1.9/boe Successful tri-lateral accessing 14,600 ft of coal…
West - San Juan Basin Mancos Early Mover in Emerging Play with Tremendous Potential Stacked targets in sweet spot Devon acquisition added material position Upside 1,600+ horizontal locations identified* Projecting 25% IRR and…
MidCon - Anadarko and Arkoma Basins Hydrocarbon Rich Regions with Stacked Oil and Gas Pay Anadarko Basin Arkoma Basin 900,000 net acres 650,000 net acres 1,200 producing wells; 100 horizontals 1,600 producing wells; 200 horizontals…
MidCon - Anadarko and Arkoma Basins Prolific Reservoirs Sourced by Woodford and Carboniferous Shales Reservoir Petroleum Formation Basin Horizontals Anadarko Basin Type System Arkoma Basin 5,000 Oil to Cleveland Anadarko Tight Sand…
MidCon - Anadarko Basin Industry First Innovations Cleveland Dual-Lateral, Cleveland Tri-Lateral and Onshore Junction Isolation 8,000 of stimulated reservoir 12,000 of stimulated reservoir Projecting 25% IRR and 5.8/boe…
MidCon - Arkoma Basin Development Performance Premier Execution in Woodford Shale mmcfd Smalley Unit Production 100,000 176,000 acres in the core area Projecting 25% IRR and 2.8/boe 10,000 development cost at 4.0m well 1,000…
East - East Texas Basin Large Lease and Mineral Position in a Prolific Basin 1,400,000 net acres, including 1,000,000 mineral acres Five discrete petroleum systems 950 mmboe of resource potential 1,000 horizontal locations over…
East - East Texas Basin Robust Opportunities in Stacked Plays U&L Travis Cotton Bossier Austin Peak Valley Haynesville Chalk Wilcox Yegua Reservoir Petroleum Formation Horizontals Type System Cotton Tight Wet to Dry 5,000 100…
East - East Texas Basin Haynesville Results Delivering Premier Returns Integrating advanced technology to optimize Wombat 1H Production completions design 100,000 10,000 Projecting 35% IRR and 5.9/boe Type Curve development cost…
South - Eagle Ford Development World Class Shale Gas Development Program 190,000 net acres Non-operated, average 41% WI Drilled 400 horizontal wells in five years Owen 16H IP 30: 12 MMCFD Proven value creating relationship with…
South - Eagle Ford Development Premier Stacked Pay Opportunities 5,000 ft TVD Formation Horizontals Reservoir Petroleum System Escondido 600 Tight Sand Wet Gas Olmos 350 Tight Sand Wet to Dry Gas 6,000 Austin Chalk Evaluating…
South - Eagle Ford Development Enhanced Frac Design Yields Step Change In Performance New enhanced fracture stimulations initiated Increased number of frac stages Increased proppant loading First three wells producing a…
Improving Cost Structure Production Cost /boe 10 Utilizing data analytics to increase efficiency 9.3 and decrease deferment Reduced 160m 9 in 1 year Hiring in-house data scientist and matching with engineering teams 8 7.8 Staff…
Profitable and Flexible Growth Vehicle 7.5 bn boe, short-cycle incumbent resource position 15,000 horizontal lateral locations identified Innovative approaches dramatically improving cost and capital efficiency Data analytics…
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