www.anadarko.com NYSE: APC ANADARKO PETROLEUM CORPORATION INVESTOR RELATIONS CONTACTS: John Colglazier Vice President 832/636-2306 Al Walker Clay Gaspar Manager President and Chief Operating Officer 832/636-2541 Wayne Rodrigs…
www.anadarko.com NYSE: APC Our Premier Balanced Portfolio is Built to Deliver Our Strategy is Working: Identify and Commercialize Resources Explore in High-Potential, Proven Basins Employ a Global Business Development Approach…
www.anadarko.com NYSE: APC Built for Sustainable Growth and Value 11+ BBOE 10.5+ BBOE De-Risked Exploration Mozambique 3.5+ BBOE Exploration West Africa 3.5+ BBOE Accelerate Production Shales Brazil and Reserves Growth…
www.anadarko.com NYSE: APC Predictable Reserves Generator Capital-Efficient Base More Than Replaces Production Mega Projects and Shales Accelerate Reserves Growth 3+ BBOE of Proved Reserves by Year-End 2014 4 3+ BBOE 2.4…
www.anadarko.com NYSE: APC Mega Projects Deliver Differentiating Value 400 Estimates Based on 90/Bbl and 4.50/Mcf Sales Volumes (MBOE/d) Significant Oil Volumes and Reserves Robust Economics and Margins World-Class Projects…
www.anadarko.com NYSE: APC 2011 Expectations Guidance Sales Volumes (MMBOE) 245 - 248 Capital* (Billions) 6.1 - 6.4 Reserve Replacement 150+% By Area By Type Midstream/ Midstream/ Other Other 20% 20% Near-Term Base GOM…
www.anadarko.com NYSE: APC Strength of Balance Sheet Ended 3Q11 with 3.5 Billion of Cash on Hand Access to 5-Year 5 Billion Undrawn Credit Facility Generated Free Cash Flow in 3Q11 9
www.anadarko.com NYSE: APC Capital-Efficient U.S. Onshore Portfolio Base Assets Accelerating Value From Shales 25+ Tcfe Resource Base Premier Acreage Position Scaleable Programs Production and Reserves Enhancing Margins and…
www.anadarko.com NYSE: APC Wattenberg HZ: A Superior Growth Opportunity Horizontal Niobrara / Codell Program COLORADO 350,000 Net Acres 500 Million to 1.5 Billion BOE Wattenberg Net Resources Field 1,200 - 2,700 Horizontal…
www.anadarko.com NYSE: APC Everything in Place to Deliver Premier Land Position and Mineral Ownership High-Quality, Liquids-Rich Reservoir Strong Well Performance Low Development Cost Expandable Existing Infrastructure…
www.anadarko.com NYSE: APC Premier Land Position and Mineral Ownership COLORADO Mineral Ownership Supercharges 350,000 Net Acres Economics Wattenberg Field Royalty Benefit from Non-Op Wells on Land Grant Anadarko Economics…
www.anadarko.com NYSE: APC Wattenberg HZ: High-Quality, Liquids-Rich Reservoirs FMI Log Showing Significant Fracturing Large Continuous Reservoirs High Hydrocarbon Saturations Open Natural Fracture Open Natural Fractures…
www.anadarko.com NYSE: APC High IP Rates Across the Wattenberg Field COLORADO 350,000 Net Acres Wattenberg Field Denver-Julesburg REI 31-5HZ Basin 1,225 BOE/d GUTTERSEN 4-5HZ 655 BOE/d GUTTERSEN 3-5HZ PSC 13N-13HZ 655…
www.anadarko.com NYSE: APC Powerful Returns and Value 300600 MBOE/Well EUR Range 1,600 Type Well 96% WI, 88% NRI 350 MBOE EUR 7MM+ BTAX NPV 1,400 60% Oil 10-Month Payout 10% NGL 1,200 30% Gas 4.5 MM Cost Gross BOE/d…
www.anadarko.com NYSE: APC Low-Cost, Liquids-Rich Horizontal Program Best APC Niobrara Well Cost to Date 3.8 Million Continuing to Drive Efficiencies Optimizing Lateral Lengths, Well Density and Frac Stages 10 Completed Well Cost…
www.anadarko.com NYSE: APC Value-Adding Infrastructure Ft. Lupton Plant White Cliffs Terminal Mont Belvieu Plant Platte Valley Plant Wattenberg Plant Gas Gathering & Processing Oil Export Pipeline Value-Add…
www.anadarko.com NYSE: APC Wattenberg Field: Significant Cash Generation 2 Billions 1 0 2010 2011E 2012E 2010 2011E 2012E 2010 2011E 2012E EBITDAX Capital Cash Generation Estimates based on NYMEX prices of 90/Bbl and…
www.anadarko.com NYSE: APC 500 Million to 1.5 Billion BOE Net Resources Accelerating Activity in 2012 Ramp to 7+ Horizontal Rigs Plan to Drill 160+ Horizontal Wells Construct 300 MMcf/d Cryo Plant Participate in Texas Express…
www.anadarko.com NYSE: APC Outside Wattenberg Powder River Basin 900,000+ Additional Net Acres 550,000 Acres in Greater DJ 360,000 Acres in Powder River Acreage Owned or HBP Drilled 15 Operated Wells WYOMING NEBRASKA Average…
www.anadarko.com NYSE: APC Our Exploration Program is Delivering Achieving Deepwater Exploration / Appraisal Success Ghana Other W. Africa Akasa - SUCCESS Jupiter - TBD Enyenra-3 - SUCCESS Mercury-2 - TBD Enyenra-4 - TBD Kosrou…
www.anadarko.com NYSE: APC Positioned for the Future Accelerating Value from Capital-Efficient Base Realizing Tremendous Growth from Shale Plays Developing Sanctioned Mega Projects Advancing Next-Generation Mega Projects…