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Anadarko Petroleum Corporation
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2012 Anadarko Investor Conference: Operations
| Chuck Meloy | Page 31 of 11 |
March 27, 2025
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"2012 Anadarko Investor Conference: Operations"
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Anadarko Petroleum Corporation www.anadarko.com | NYSE: APC Marcellus: Roadmap to Value in Current Price Environment Marcellus Drilling Program* 2012: 13 Rigs, 200+ Wells 2013: 170+ Wells 2014+: 1,800+ Wells 66 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 1 18 35 52 69 86 103 120 137 154 171 188 205 222 239 256 273 290 307 324 341 Gross Mcf /d Days On Line 6 Bcf EUR 8 Bcf EUR 4 Bcf EUR Marcellus Type Well (29.8% WI, 25.4% NRI) 8 Bcf EUR 100% Gas $7 Million Well Cost Net: $0.8 Million BTAX NPV 24% BTAX ROR 2,200+ Drill Sites Marcellus Type Curve Based on Unescalated NYMEX Prices of $100/ Bbl and $3.25/Mcf *Planned Activity 0 20 40 60 80 100 $2 $3 $4 $5 $6 BTAX ROR (%) $/ Mcf Marcellus Returns + Composite of 208 Wells 0 50 100 150 200 250 300 350