2018 Barclays CEO Energy-Power Conference Lee Tillman President & Chief Executive Officer September 5, 2018
Multi-Basin Execution Driving Returns and Growth Repurchased 250MM of common stock Whats New Returned additional capital to shareholders through 250MM in share repurchases; 1.25B of remaining authorization Successful Hector Southern…
Execution Driving Enhanced Corporate Returns Resource play guidance raised 2Q for 2nd consecutive quarter, budget unchanged Previous Current 2018 vs 2017 Metrics Original Plan Guidance Guidance CROIC1 improvement: 30% 65% 70% 50…
Total Company Cash Flow for 2Q18 1 250MM in organic free cash flow 2.3B full year development capital budget unchanged Guiding to 2H18 resource play leasing and exploration (REx) capex of 100-150MM vs 1H18 actual capex of 250MM…
Portfolio Transformation Driving Margin Expansion Simplifying & Concentrating Portfolio 4.5B in divestitures since 2015 Libya Oil Sands Mining Driving Significant Unit Allocating Development Margin Expansion Capital to…
Differentiated Position in Top 4 U.S. Basins Multi-basin portfolio provides flexibility Appraise / Delineate Early Development Full Field Development Bakken MRO 2Q18 Oil Mix by Pricing Basis 2Q 2018 avg. 82 MBOED (84% oil)…
Another Quarter of Outstanding Eagle Ford Performance 50% increase in 90-day cumulative production compared to 2016 Production Volumes and Wells to Sales 2Q production averaged 106 net MBOED, 120 90 2% higher than 1Q 2018 Operated…
Consistent 2Q Results Across Expanded Eagle Ford Core Leske Lott 2 well pad Avg: 1,417 BOED (46% oil) Franke May Unit B 5,080 LL Gonzales 3 well pad Avg: 1,646 BOED (78% oil) Wilson 5,790 LL De Witt Coy City Ranch Unit B 4…
Bakken Oil Production Up 14% Sequentially Greater than 100% increase in 90-day cumulative production compared to 2016 Production Volumes and Wells to Sales 2Q production averaged 82 net MBOED, 11% 100 30 higher than 1Q 2018…
Record Setting Bakken Performance Successful Hector southern extension Historic Middle Bakken Well Performance Sherman Pad Hunts Along Pad 2 new wells 4 new wells 4,000 30-day avg: 3,614 BOED 30-day avg: 3,627 BOED 3,500 (75% oil) (73%…
Oklahoma Shifting to Pad Development SCOOP Woodford Infill Exceeding Expectations Production Volumes and Wells to Sales 2Q production averaged 80 net MBOED, 100 30 up 7% from 1Q 2018 on flat wells to sales Operated Wells to Sales…
Oklahoma 2H18 Activity Focused on Infill Drilling 34 completions in 1H18; full-year guidance of 40-50 wells to sales unchanged Olive June Blaine Kingfisher Ruthie Irven John Mike Stroud BIA Flowing back Siegrist Infill Roser…
Capturing D&C Efficiencies in Northern Delaware Production Volumes and Wells to Sales 2Q production averaged 17 net MBOED, up 6% 20 25 from 1Q 2018 (oil up 7%) Operated Wells to Sales 16 20 13 gross operated wells to sales with…
International E&P Highlights Sequential improvement in E.G. EBITDAX World Class Gas Infrastructure 2Q International E&P production 121 net EGLNG EGLNG Plant Plant MBOED 3Q production guidance of 105 to 115 net MBOED; impacted by…
Resource Play Exploration (REx) Update Progressing Louisiana Austin Chalk opportunity MRO Acreage Position Louisiana Austin Chalk Activity NATCHITOCHES GRANT LA SALLE 240,000 net acres leased to date…
Delivering on Our Priorities Differentiated execution and capital discipline leading the way Financial flexibility to execute business plan across broad range of pricing Peer Leading Balance Sheet Consensus 2018 Net Debt/EBITDA…
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