Capital One Energy Conference
Capital One Energy Conference December 10, 2014
Anadarko Basin Cana-Woodford Accelerating Activity Cana-Woodford Overview: • Net acreage: 280,000 — Stacked-pay potential — 200,000 net acres in oil and liquids window
• Q3 2014 net production: 71 MBOED — Production increased 25% YoY — Oil and NGL 45% of production
• Improved completion design enhancing returns — Q2 wells averaged 1,440 BOE per day OKLAHOMA
• Drilling first two STACK wells TEXAS
(Targeting Meramec)
• Accelerating activity to >10 rigs by Q1 2015
Slide 22
Raising Cana-Woodford Type Curve Liquids-Rich Core EURs (MMBOE)
30-Day IP Rates
1.7
(BOED)
1,200
1.4
920 Previous
Revised
Cost Per Well ($MM)
Previous
$8.0
$8.2
Previous
Revised
Revised
Anadarko Basin Cana-Woodford Accelerating Activity Cana-Woodford Overview: • Net acreage: 280,000 — Stacked-pay potential — 200,000 net acres in oil and liquids window
• Q3 2014 net production: 71 MBOED — Production increased 25% YoY — Oil and NGL 45% of production
• Improved completion design enhancing returns — Q2 wells averaged 1,440 BOE per day OKLAHOMA
• Drilling first two STACK wells TEXAS
(Targeting Meramec)
• Accelerating activity to >10 rigs by Q1 2015
Slide 22
Raising Cana-Woodford Type Curve Liquids-Rich Core EURs (MMBOE)
30-Day IP Rates
1.7
(BOED)
1,200
1.4
920 Previous
Revised
Cost Per Well ($MM)
Previous
$8.0
$8.2
Previous
Revised
Revised
