Capital One Securities 11th Annual Energy Conference December 7, 2016
Executing on Long-Term Strategy WILLISTON SAN JUAN Deep Inventory of High Returns DELAWARE Free cashflow positive by YE18 Avg. well payout period 18-24 months Financial Flexibility Strong hedge book through 2018 Net debt to…
WPX Liquidity, Hedges and Debt Maturities STRONG LIQUIDITY STRONG HEDGE POSITION Pro-Forma Liquidity 100% CREATES CERTAINITY FOR DRILLING3.93 PROGRAM % of Production Hedged 80% Cash and Equivalents (9/30/16) 623 3.02 60%…
Poised for Rapid Sustainable Growth ASSET QUALITY SUPPORTS RAPID OIL GROWTH ASSET QUALITY SUPPORTS RAPID EBITDAX GROWTH 160 FORECAST AT HIGH-END OF PREVIOUS RANGE 1,800 FORECAST AT HIGH-END OF PREVIOUS RANGE CAGR: 35% CAGR: 35% 140…
Overview of WPXs World-Class Delaware Position BELL CANYON 100,000+ TOTAL NET WOLFCAMP ACRES, 60,000 NET CHERRY CANYON ACRES NEAR STATELINE1 BRUSHY CANYON 2.4+ BBOE NET RESOURCE POTENTIAL AND 5,500 GROSS LOCATIONS2 DELAWARE…
Williston Basin: Strong, Consistent Results Added GETTING BACK TO WORK 2nd rig in October 70%+ RETURNS6 BASIN OVERVIEW 85,000 net acres 575+ gross drilling locations4 85% oil5 Set new drilling record of 11.9 days1…
San Juan Basin: Growing Catalyst with Year-over-Year Improvement CONTINUING TO RAISE THE BAR 250 YoY Improving Well Performance1 Driving better well performance 140% 200 INCREASE IN EUR SINCE 2013 65% Cum Production MBOE Strong…
Foundation in Place for Enhancing and Accelerating Value VA LU E - D R I V E N WILLISTON BASIN ST RO N G A S S E T S SAN JUAN BASIN B I A S FO R AC T I O N HEADQUARTERS: TULSA DELAWARE BASIN O P E R AT I O N A L FO C U…