Expanding WPXs World-Class Delaware Position PANTHER ACQUISITION OVERVIEW EDDY 18,000+ acres in core of Delaware 920 gross locations, including 150+ long lateral locations Significant current production of 6,500 Boe/d (55% oil) LEA…
THICK Hydrocarbon Stack Across Entire Acreage Position EDDY A STATE LINE LOG B EAST TYPE LOG C CENTRAL TYPE LOG D SOUTH TYPE LOG LEA NEW MEXICO TEXAS A LOVING B WINKLER C WARD REEVES D WPX OPERATED ACREAGE ACQUIRED…
Delaware Basin: Delineation of the Wolfcamp C-STATE 16-1H XY IP 30: 1,635 BOE/D (65% OIL) DELINEATING WOLFCAMP ACROSS POSITION 90 DAY CUM: 114,338 BOE LEA WOLFCAMP XY-PECOS STATE 46-6H E. PECOS FED COM 22-14H IP 30: 1,736 BOE/D…
Williston Basin: Strong, Consistent Results WILLISTON HIGHLIGHTS 90 DAYS CUM OIL PRODUCTION FOR 2016 NEW WELLS2 100,000 90,000 39% oil growth 4Q16 vs 3Q16 80,000 70,000 4Q production 28.8 MBOE/d 60,000 50,000 Set new drilling…
San Juan Basin: Continued Strong Well Results CONTINUING TO RAISE THE BAR 21% oil growth 4Q16 vs 3Q16 300 2016 SAN JUAN GALLUP WELLS Set new basin record 250 Drilled 1.5 mile lateral in 5.8 days Strong performance on 6-well pad…
Contracted Service Cost Mitigates Potential Inflation 2017 D&C COST BREAKDOWN Fluids/Cuttings/Solids Control Directional Equipment & Services Chemicals Other (Completions) Other (Drilling) of D&C costs are Sand Stimulation…
Foundation in Place for Enhancing and Accelerating Value POSITIONED WILLISTON BASIN PRUDENT SAN JUAN BASIN FLEXIBLE HEADQUARTERS: TULSA DELAWARE BASIN DISCIPLINED 11