2 4 th A n n u a l E n e r g y S u m m i t Credit Suisse CLAY GASPAR, PRESIDENT & COO FEBRUARY 11, 2019
3Q Highlights DELIVERING RESULTS OIL STRONG OIL PRICE REALIZATIONS Delaware average realized price: 98% of WTI1 3rd BONE SPRING COMPARABLE TO WCA Increases tier 1 inventory in Delaware PECOS STATE PROJECT UNDERWAY…
Reducing 2019 Capital Plan & Maintaining Growth REDUCED CAPTIAL GROWING PRODUCTION BY 350+ MILLION 5-10% EXIT TO EXIT C A P I T A L E X P E N D I T U R E S P R O D U C T I O N Development Capital Plan 1,100 1,275 Total MBOE/D 149…
Real-Time Analytics Driving Well Design PECOS STATE MONI TORING PROJECT 39-2H D-4H A-1H B-2H PILOT/MONITOR WELL WELL LAYOUT PECOS 39 PECOS 39 PILOT 1 PILOT 1 Contiguous 806 core running from 3rd Bone 39-1H…
Premier Permian Midstream Portfolio STATELINE JOINT VENTURE ACREAGE DEDICATION 50,000 ACRES RETAINED BY WPX No drilling or volume commitment CRUDE GATHERING SYSTEM WATER SYSTEM GAS GATHERING GAS PROCESSING FACILITY JV AGREEMENT…
Strong Williston Results Across Acreage Position OPERATIONAL EXCELLENCE 200 3Q WELL RESULTS BEHR PAD (3 WELLS) 90-DAY PAD AVG: 1,637 BOE/D 24-HR IP: 3,585 BOE/D (BEHR 19-18HUL) 180 OTTER WOMAN (5 WELLS) 60-DAY PAD AVG: 1,626 BOE/D…
Positioned for Long-term Value Creation 3Q 2018 83.4 MBBL/D OIL PRODUCTION (MBBL/D)1 3Q 2015 23.5 MBBL/D 1 2 3 STRONG CREATING REMAINING 81- OIL PRODUCTION (MBBL/D)1 EXECUTION OPPORTUNITIES DISCIPLINED IN BOTH…