Agenda Introduction Al Hirshberg EVP, Production, Drilling & Projects Perspectives on a World-Class Unconventional Portfolio Greg Leveille Chief Technology Officer Eagle Ford: Building a Legacy Helene Harding VP, Gulf Coast…
Introduction AL HIRSHBERG EVP, Production, Drilling & Projects
ConocoPhillips Diverse Portfolio is a Competitive…
Our Big 3 Unconventionals: Cash Flow Positive Now & Net Cash Flow Grows Production1 (MBOED) Positive Net Cash Flow1,2 (NCF) (B) 22% PRODUCTION 400 CAGR 2017-2020 6 ADDITIONAL RIGS 2B NCF 1 DELIVERS 80% MORE CUMULATIVE…
3-Year Development Plans for the Big 3 Unconventionals Eagle Ford Delaware Bakken 245 25% CAGR 85 Production (MBOED) Production (MBOED) Production (MBOED) 70 60% CAGR 70 70 130 20 2017 2018 2019 2020 2017 2018 2019…
Todays Mission: Demonstrate Our Unconventional Leadership Montney Liquids-rich sweet spot advantage BRITISH COLUMBIA Industry leading cost of supply MONTANA Bakken Winning combination: science and innovation NORTH…
ConocoPhillips: Beating the Competition at Lowering Cost of Supply ConocoPhillips Resources Unconventional Cost of Supply1 70 15 BBOE 8 BBOE 65 40-50/BBL 60 UNCONVENTIONAL 30-40/BBL 55 Industry Cost of Supply (/BBL) 50…
A Winning Combination Science and Innovation Unique Time Lapse Geochemistry Approach Proprietary CSI Compressive Seismic Imaging Upper Contribution Eagle Ford Production Lower Eagle Ford Time Map View Cross Section…
Leveraging Presence in Multiple Top Plays to Improve Performance Positioned in the Top Liquids-Rich Plays Collaboration Between Plays is a Unique Advantage 4 Eagle 3 Ford Number of Top Plays by E&P Company1 Bakken Permian…
Bakken: A Smart Plan to Deliver Sustained Performance 0.7 BBOE…
Permian: Prudent Development of Premium Delaware Basin Acreage NEW MEXICO 1.9 BBOE…
Montney: Liquids-Rich Resource Base Under Appraisal 2013 2…
A Leader in Delivering Value from Oilfield Data Analytics Improved Business Performance Multiple Proprietary Tools & Expertise Data Analytics Strategy Elements 4,000 analytic tool users Cumulative Production 80% WIDE & SHALLOW…
Eagle Ford: Building a Legacy HELENE HARDING VP, Gulf Coast Business Unit
Premium Position + Relentless Pursuit of Better = Outperformance Highest Recovery per Acre1 Remaining Inventory Quality2 12-month Cumulative Production3 12 16 300 Remaining…
Undisputed Premium Position in Early Innings Eagle Ford Cost of Supply Heat Map1 Eagle Ford Operator Cost of Supply2 210,000 50 TOTAL ACREAGE T E X A S 45 40% REDUCTION GUADALUPE GONZALES 40 IN COST OF SUPPLY SINCE 2014…
Methodical Approach & Timeline Will Maximize Value Creation 80 Acre Hi / Low Held by Austin Chalk Production SRV Pilot & Core Appraisal Integrated Data Remote Drilling 80 Acre Vintage 4 Operating Analytics / 300/acre Field Entry…
The Breakthrough Science: Stimulated Rock Volume (SRV) Sophisticated 4D Measurement of Stimulation Value Created Through Applied SRV SRV Pilot: Wellbore Side View CLUSTER Fractures in SPACING Post-Frac Wells Cored Wells PROPPANT…
Continuous Learning & Optimization of Completion Design Cumulative Production1 Vintage 1 Vintage 2 Vintage 3 Vintage 4 2012 2014 2016 2017+ Customized to 400 Vintage 4 3.8 MMlbs 7.5 MMlbs 10.5 MMlbs Specific Area Vintage 2 (14-17…
Optimizing Spacing & Stacking is Key to Ultimate Value Creation Geology Customized Development: 3 Examples NE NW SE 3,400 SW LOCATIONS Austin Clay…
Getting the Most Out of Data-Driven Drilling Efficiencies Driving Efficiencies Utilizing Data Drilling Dashboard Drilling Parameters Directional KPI Multi-Well Analytics Improvement in Average Spud-to-Spud Days Leading Peers in…
Leading Industry as 21st Century Operator Infrastructure Advantage Remote Operations Rapid Optimization 10% WELL UPTIME INCREASE with double the well count Connected 3rd Party Gas Field Processing Networked Team Data…
Eagle Ford: Engine of Cash Flow Growth The Eagle Ford Plan 2018E Eagle Ford Metrics 25% 245 CAGR Production (MBOED) 165 MBOED 100% of WTI 2018E PRODUCTION OIL REALIZATION 133 Oil 60%, Gas 20%, NGL…
Relentless Pursuit of Better: Eagle Ford Upside Potential Longer Laterals Refracs Austin Chalk Gas EOR Completions V5 Automated Drilling Multi-Laterals Machine Learning 27
Longer Laterals: Driving Capital Efficiency by Recovering More for Less Exceptional Production Performance Best in Class Long Laterals1 5,000 Long Lateral Well 14 (9,300 ft) 4,000 12 3,000 BOED 10 2,000 BOED per ft 8…
Adding Resource through Detailed Reservoir Understanding Example: Refrac Incremental Production Refrac Cost 35% REDUCTION Actual BOED Pre-Refrac Forecast Time 2015 2017 60% average incremental resource achieved; 600…
Resource Potential from Austin Chalk Opportunities Austin Chalk Appraisal Eskew North Basal Austin Chalk Well Rate Constrained Middle Austin 1,800 Chalk Play 1,600 1,400 1,200 Basal Austin ConocoPhillips Acreage Chalk Play…
Resource Potential from Gas EOR Opportunities Potential Incremental Recovery1 Potential Locations EOR Potential Base Base Oil Rate Oil Rate, stb/d Condensate Yield EOR EOR Oil Rate Oil Rate, stb/d High EOR Gas GasRate,…
Relentless Pursuit of Better: The Legacy Continues Delivering cash flow expansion via high-margin production growth Best-in-class inventory, recovery factor & field optimization Measured pace with significant running room…
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