www.anadarko.com NYSE: APC 2012 A N A DA R KO IN V ESTO R CO N FE R E N CE INVESTOR RELATIONS CONTACTS: John Colglazier Vice President 832/636-2306 Driving Growth and Value Clay Gaspar Manager 832/636-2541 Chuck Meloy Wayne…
www.anadarko.com NYSE: APC 2012: The Path to Value-Driven Growth Constantly Improving Safety and Environmental Performance Deploying Capital to Highest-Value Opportunities Driving Operational Efficiencies Capturing…
www.anadarko.com NYSE: APC Committed to Safety and Environmental Excellence Internal Focus on Safety A Leading Role in Third-Party and the Environment Industry Initiatives Validation Executive-Sponsored Annual Leading Participant…
www.anadarko.com NYSE: APC 2012 Development Capital Allocation 2012 Development Capital Capital Flexibility in Opportunity-Rich Portfolio to Revenue Realization Focus on High Returns and Cash Generation 2013 7% 2012 Midstream…
www.anadarko.com NYSE: APC Allocating Capital for Value-Driven Growth Continued Focus on Liquids-Rich Horizontal Plays Development Capital Allocation** Advancing High-Margin International Oil Projects Lucius Midstream Wattenberg…
www.anadarko.com NYSE: APC Growing Liquids While Improving Cost Management Increased Liquids Sales Volumes by 70,000 Bbls/d: 2008 - 2011 Established Framework for LOE Improvement Well-Site Management Philosophy Leveraging…
www.anadarko.com NYSE: APC U.S. Onshore: Capital-Efficient Portfolio Tremendous Growth in Shales Continued Expansion of Rockies, Anchored by Wattenberg 8 BBOE Resource Opportunity Southern & Appalachia Growth Plays Rockies Net…
www.anadarko.com NYSE: APC 2012 U.S. Onshore Liquids-Rich Investment Opportunities 2012 Planned Activity and Estimated Results GNB WATTENBERG HZ 2012 Wells Planned 400 2012 Wells Planned 170 Development Costs 5/BOE Development…
www.anadarko.com NYSE: APC 2012 U.S. Onshore Dry Gas Activity Reducing Rig Count in Marcellus and Pinedale/Jonah Reduces Capital Reduces Wedge Volumes Expect to Curtail Dry Gas Production by 3 MMBOE Rig Count Powder River CBM and…
www.anadarko.com NYSE: APC Midstream: A Competitive Advantage of Scale Midstream Asset Overview Large-Scale Operations Anadarko WES 2011 Throughput: 4.4 Bcf/d Gathering Systems 16 15 Aligned with Pace of Upstream Activity…
www.anadarko.com NYSE: APC Capturing Liquids Uplift by Expanding Midstream Expanding Cryogenic Processing Capacity by 900 MMcf/d Enhancing Access to Premium Gulf Coast Markets Increasing Fractionation Capacity at Mont Belvieu…
www.anadarko.com NYSE: APC Gulf of Mexico: 15+ Years of Innovation and Growth Anadarko Deepwater Advantages Acreage Average 63% WI in 500 Blocks TEXAS Infrastructure 10 Hubs and 27 Subsea Systems Project-Management Skills…
www.anadarko.com NYSE: APC Gulf of Mexico: Activity Shifting Gears 15+ Years of Deepwater Line-of-Sight Oil Production Growth Innovation and Growth Caesar/Tonga: Producing 200 160 Lucius: Planned 2014 First Production…
www.anadarko.com NYSE: APC Deepwater Rigs Secured to Support Worldwide Activity Recently Contracted 4 New-Build Rigs Advanced and Upgraded Drilling Capabilities Allows Flexibility in Global Program Ramping Up GOM Rig Fleet 2012…
www.anadarko.com NYSE: APC Caesar/Tonga: Achieved First Production Ramping to 45 MBOE/d Constitution 640 High-Quality Oil (WI 100%) Tahiti (ORRI 3.4%) 200 - 400 MMBOE Resources 679 680 683 Caesar/Tonga Drill Fourth Well in…
www.anadarko.com NYSE: APC Lucius: A New Capital-Efficient Deepwater Hub 300+ MMBOE Resources Sanctioned 793 794 Facility Capital-Efficient Project Lucius Unit Low Development Cost/BOE (WI 35%) 874 875 876 877 Spartacus (WI…
www.anadarko.com NYSE: APC Jubilee: High-Margin Cash Generator 0.6 MM Gross Acres Delivering Significant Cash Gulf of Guinea 100+ EBITDAX/Bbl Planned FPSO Jubilee Phase 1: Expect Payout YE 2012 Gulf of Guinea Excellent…
www.anadarko.com NYSE: APC TEN Complex: Ghanas Second Major Oil Project Deepwater Tano 0.3 MM Gross Acres Ntomme Oil Discovery Recent 20+ MBOPD DST Planned FPSO Wawa Gulf of Guinea FEED Ongoing Target 2012 POD Submission 0…
www.anadarko.com NYSE: APC MTAB Complex: Determining Development Path Forward 0.3 MM Gross Acres West Cape Three Points Evaluating Development Options Dedicated FPSO: Accelerate Production Jubilee FPSO: Leverage Existing Facility…
www.anadarko.com NYSE: APC Algeria: North Africa Success Story 2 Mega Projects Producing Ourhoud Block 404a HBNS 1.5+ Billion Bbls Produced to Date HBNS CPF Gross Production Rate 370,000 BOPD PK0 High-Margin Cash Generator…
www.anadarko.com NYSE: APC El Merk: Achieving First Oil by Year-End 2012 Algeria Gross Production Project 90% Complete 500 Two 65 MBOPD Crude Trains El Merk 600 MMcf/d Gas Processing MBOPD 250 80 MBWPD Water Handling…
www.anadarko.com NYSE: APC 2012 A N A DA R KO IN V ESTO R CO N FE R E N CE INVESTOR RELATIONS CONTACTS: John Colglazier Vice President 832/636-2306 Maximizing Value Through New Clay Gaspar Manager Growth Plays 832/636-2541…
www.anadarko.com NYSE: APC Southern & Appalachia: Multiple Levers for Value-Focused Growth Liquids-Rich Natural Gas Driving Efficiencies to Enhance Value Focusing on Higher-Margin Liquids Marcellus Utilizing Midstream as a…
www.anadarko.com NYSE: APC Eagleford: Premier Liquids-Rich Growth Engine Increased Net Resources to 600+ MMBOE 400,000 Gross Acres 65% Liquids Composition 200,000 Net Acres Doubled Identified Drill Sites to 4,000+ Zavala Frio…
www.anadarko.com NYSE: APC Eagleford: Improving Operational Advantages Industry-Leading Cycle Times in the Field Average Lateral Length 2009: 4,541 Feet Reducing Cycle Times, While Doing More 2012: 6,629 Feet Increased Lateral…
www.anadarko.com NYSE: APC Eagleford: Midstream Paves the Way for Growth 400,000 Gross Acres 2011 Infrastructure 200,000 Net Acres Oil Pipelines 151 miles Zavala Frio Gas Pipelines 230 miles To Clear Springs Central Gathering…
www.anadarko.com NYSE: APC Eagleford: Roadmap to Value in Current Price Environment 700 Eagleford Type Well Eagleford Type Curve (49% WI, 36% NRI) 600 450 MBOE EUR 40% Oil, 25% NGLs, 35% Gas 500 5.8 Million Well Cost Gross…
www.anadarko.com NYSE: APC Marcellus: Lowest-Cost Gas Play in U.S. Marcellus Shale Play Pennsylvania Increasing Average Well Recoveries to 8 Bcf Realizing Significant Operating Efficiencies 760,000 Gross Acres 260,000 Net Acres…
www.anadarko.com NYSE: APC Marcellus: Enhancing Operational Efficiencies Drilling Completions 30% Cycle-Time Improvement Over 2010 4.5 Million per Well Spud-to-Rig Release Record of 12 Days 1 Million Savings per Well Realized 1.6…
www.anadarko.com NYSE: APC Marcellus: Roadmap to Value in Current Price Environment Marcellus Returns 100 + BTAX ROR (%) 80 Marcellus Type Well 60 (29.8% WI, 25.4% NRI) 8,000 Marcellus Type Curve 40 20 8 Bcf EUR 7,000 0 2…
www.anadarko.com NYSE: APC Utica: Evaluating an Emerging Play 370,000 Gross Acres Concentrated Acreage 240,000 Net Acres Position in Liquids-Rich Window OHIO Liquids-Rich Fairway Early Entry Exploration Program in Progress…
www.anadarko.com NYSE: APC Permian Oil: High-Margin Liquids Opportunities 200 to 500+ MMBOE Net Resources Avalon Core Area 1,000+ Avalon Drill Sites New Mexico 180,000 Gross Acres 300+ Bone Spring Drill Sites Texas 300 - 500 MBOE…
www.anadarko.com NYSE: APC Permian Oil: Enhancing Operational Efficiencies Drilling Completions 15% Reduction in Average Cycle Times Average Bone Spring Cycle Time Record Drilling Days 50+% Reduction in Hours/Stage During Bone…
www.anadarko.com NYSE: APC Permian Oil: Roadmap to Value in Current Price Environment Avalon Type Well Avalon Type Curve 1,000 Avalon Drilling Program* (50% WI, 38% NRI) 800 2012: 2 - 4 Rigs, 40+ Wells 400 MBOE EUR 2013: 80+…
www.anadarko.com NYSE: APC Permian Oil: Target-Rich Opportunity Significant Upside Growth Potential Avalon Shale Bone Spring Wolfcamp Shale Delaware Mountain Group Wolfbone Vertical Play Multiple Targets within Each Formation…
www.anadarko.com NYSE: APC East Texas HZ: Growing Liquids 300+ MMBOE Net Resources 450 Identified Drill Sites 116,000 Net Acres 1 MMBOE EUR per Well Outstanding Economics 35+% Liquids Panola 50 - 90+% ROR HBP Liquids-Rich…
www.anadarko.com NYSE: APC East Texas HZ: Reducing Costs and Improving Recoveries 35+% Liquids Composition Sales-Volume Mix Oil 40% Improvement in Well Recoveries 7% NGLs 30% Well-Cost Reduction Gas 29% Improved Drilling…
www.anadarko.com NYSE: APC East Texas HZ: Roadmap to Value in Current Price Environment Haynesville Drilling Program* Haynesville Type Well 2012: 5 Rigs, 60 Wells (76% WI, 66% NRI) Haynesville Type Curve 2013: 60 Wells 1,600…
www.anadarko.com NYSE: APC Southern & Appalachia: Capital-Efficient Growth Opportunity-Rich Portfolio Positioned for Growth Predictable, Repeatable Programs with Flexibility Driving Operational Efficiencies and Reducing Costs…
www.anadarko.com NYSE: APC 2012 A N A DA R KO IN V ESTO R CO N FE R E N CE INVESTOR RELATIONS CONTACTS: John Colglazier Vice President 832/636-2306 Supercharging Core Assets Clay Gaspar Manager 832/636-2541 Jim Kleckner Wayne…
www.anadarko.com NYSE: APC Rockies: Predictable Liquids Growth in Premier Basins 9 MM Net Acres Concentrated Acreage Positions 8 MM Mineral Fee Acres Advantaged by Mineral Ownership Powder River 25,000+ Identified Low-Risk Drill…
www.anadarko.com NYSE: APC Wattenberg HZ: A Superior Growth Opportunity 500 MM to 1.5 BBOE Net Resources 350,000 Net Acres in Core Wattenberg 1,200 - 2,700 Horizontal Drill Sites 300 - 600 MBOE EUR per Well Enhanced Returns…
www.anadarko.com NYSE: APC Wattenberg HZ: High-Quality, Liquids-Rich Reservoirs Fluid Composition and Properties Tertiary Reservoir Energy PIERRE SH. Permeability and Porosity PIERRE SH. PIERRE SH. Hydrocarbon Saturation…
www.anadarko.com NYSE: APC Wattenberg HZ: Premier Land Position and Mineral Ownership 350,000 Net Acres in Core Wattenberg Mineral Ownership Supercharges Economics Weld Anadarko Owns Minerals on Two-Thirds of Acreage Larimer…
www.anadarko.com NYSE: APC Wattenberg HZ: Low-Cost, Liquids-Rich Program Wattenberg HZ Well-Cost Trend Anadarko Lowest Well Cost to Date: 6 3.8 Million 5 4 Millions Continuing to Drive Efficiencies 3 2 Optimizing Lateral…
www.anadarko.com NYSE: APC Wattenberg Midstream: Expanding a Competitive Advantage 350,000 Net Acres in Core Wattenberg 400 MMcf/d of Operated Larimer Denver-Julesburg Weld Basin Processing Capacity 3,000 Miles of Operated…
www.anadarko.com NYSE: APC Wattenberg HZ: Roadmap to Value Wattenberg HZ Type Well 1,000 Wattenberg HZ Type Curve (96% WI, 88% NRI) 350 MBOE EUR 800 60% Oil, 10% NGLs, 30% Gas 4.5 Million Well Cost Net: 8.3 Million BTAX NPV…
www.anadarko.com NYSE: APC Wattenberg: Everything in Place to Deliver Premier Land Position and Mineral Ownership High-Quality, Liquids-Rich Reservoir Strong Well Performance Low Development Cost Dedicated Frac Crews…
www.anadarko.com NYSE: APC Greater DJ: Advantaged Position Provides JV Opportunities Large Concentrated Position 550,000 Net Acres Outside Core 900,000 Net Acres in Greater DJ Wattenberg Chalk Bluffs-Hereford EOG Mineral…
www.anadarko.com NYSE: APC GNB: Predictable, Repeatable Growth 189,00 Net Acres 8,000+ Lower-Risk Drill Sites Uintah County Improving Well Recoveries Vernal Reducing Well Costs and LOE/BOE 1.50+ per Mcf Uplift from NGL…
www.anadarko.com NYSE: APC GNB: Improving Well Recoveries and Reducing Costs Drilling Cycle-Time Improvement 2012 Planned Activity Drilling Cost per Well (Millions) Spud to RR Drilling Cost per Well 2.0 15 Drill 400 Wells…
www.anadarko.com NYSE: APC GNB: Roadmap to Value in Current Price Environment GNB Type Well GNB Type Curve (99.6% WI, 81.5% NRI) 2,500 330 MBOE EUR 3% Oil, 22% NGLs, 75% Gas 2,000 1.4 Million Well Cost Net: 1.4 Million BTAX…
www.anadarko.com NYSE: APC GNB Upside Opportunities: Blackhawk and Green River Blackhawk Formation Blackhawk Accretive Impact Blackhawk 35 - 55 MMBOE Incremental 3 Mesaverde Resource Potential Testing 10-Acre Downspacing 2…
www.anadarko.com NYSE: APC Driving Growth and Value in 2012 Constantly Improving Safety and Environmental Performance Deploying Capital to Highest-Value Opportunities Driving Continued Operational-Efficiency Gains Capturing…