2018 Highlights SOLD SAN JUAN GALLUP REPLACED OIL PRODUCTION IN ONE QUARTER REDUCED LT DEBT 400MM+ WPX ANNUALIZED NET DEBT/ADJ. EBITDAX 1.8X1 INCREASED EQUITY OWNERSHIP TRACK RECORD OF EXECUTION EXERCISED OPTIONS IN…
Strategic Transformation Delivering Results 300 2012 2013 2014 2015 2016 2017 2018 40 SOLD SOLD SOLD SOLD SOLD BARNETT (1Q) APCO (1Q) PICEANCE (1Q) SAN JUAN SJ GALLUP MARCELLUS (1Q) DRY GAS (1Q) 35 POWDER RIVER (3Q) (4Q) 250…
Delaware Overview DELAWARE BASIN 25 131,000 net acres1 6,600+ gross locations2,3 20 52% oil/18% NGLS/30% gas4 MBO/1K FT 15 CHAVES 10 5 W P X S T A T E L I N E CUMULATIVE OIL PRODUCTION (MBO/1K)5 0 LEA 1 2 3 4 5 6…