Core Operating Regions (1) 2012 production expected to increase 21% to 53 Bcfe proforma for Permian sale 2010 YE Reserves Proved Reserves - 861 Bcfe 3P Reserves - 1.4 Tcfe (1) Under contract to sell for 175 MM. 1/10/2012 3
Substantial Portfolio Gross Project Years of Area Project Type Activity* Count Wattenberg - Niobrara Horizontal 387 5 - 10 Wattenberg Vertical 1,405 5 - 12 Wattenberg Rf/Rc 1,477 5-7 Permian (under contract) Vertical 183 3-5…
Wattenberg Project Overview Gross Operated Wells 1,659 Net Developed Acreage 48,300 Net Undeveloped Acreage 28,600 (1) Total Acreage 76,900 Horizontal Opportunities 387 (2) Gross Undeveloped Locations 1,405 (2) Net…
Wattenberg Core Horizontal Niobrara Average 30 Day IP 436 Boed 373 Boed 344 Boed 539 Boed 692 Boed 539 Boed All Core Wells Average Peak 24 Hr IP: 629 Boed Average 30 Day IP: 476 Boed 410 Boed HZ well performance…
Appalachian Basin Marcellus Shale PDC Mountaineer Joint Venture (PDCM) Total(1) Marcellus Gross Operated Wells 3,680 24 Total Acreage (WV and PA) 224,000 157,000 Gross Risked Undeveloped 1,180 600 Locations 9,000 Net Net Undeveloped…
Marcellus Horizontal Economics 1/10/2012 8
Utica Shale Play Southeast Ohio Acquired over 40,000 net acres in Noble, Monroe, Washington, Morgan, Belmont and Guernsey counties for 70 million PDC Hickenbottom 1 14 million requirement in Q4 2011 56 million requirement in 2012…
Planned Divestitures PDC Divestiture Advisor Timing / Results Permian / Core Wolfberry Bank of Montreal PSA signed for 175 MM closing scheduled for Q1-12. Oil & Gas Sept 14th and Nov 9th Clearinghouse auction dates; 13.3 MM.…
Investment Highlights Track record of double-digit reserve and production growth Focused on improving cash flow and margins Low risk, repeatable asset portfolio which provides strong returns Emerging upside in new plays Solid…
Contact Information Investor Relations Peter Schreck, Vice President Finance and Treasurer pschreckpetd.com Ron Wirth, Director Investor Relations rwirthpetd.com Marti Dowling, Manager Investor Relations mdowlingpetd.com…