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ConocoPhillips
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2016 Analyst Day
| Ryan Lance; Don Wallette; Al Hirshberg; Matt Fox | Page 44 of 11 |
November 23, 2024
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Eagle Ford: Match and Raise – Our Eagle Ford is Best in Class ConocoPhillips Eagle Ford Acreage Position De Witt Goliad Gonzales Wilson Karnes Texas Sweet Spot Atascosa Live Oak Bee 5 RIGS DRILLING IN 2017 Significant Remaining Resource with Low Cost of Supply 20% INCREASE IN EUR 3 Optimal Spacing & Stacking Optimal Completions 2.4 BBOE Resource <$40/BBL CoS ~40% Reduction in Capital 1 ~30% Reduction in Lifting Cost/BOE 1 3 BBOE Total EUR 2 40% INCREASE RESOURCE <$40/BBL CoS 3 44 Eagle Ford TEXAS 1 2016 vs. 2014. 2 Includes produced volumes. 3 2016 vs. 2015. • 213 M net acres in the heart of the play • Reduced completed well costs by ~40% 2016 vs. 2014 • 3,500 net undrilled locations <$40/BBL cost of supply • ~25% of remaining resources <$25/BBL cost of supply • Initial results from Austin Chalk encouraging