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Anadarko Petroleum Corporation
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2016 Bank Of America Merrill Lynch Global Energy Conference
| Al Walker | Page 5 of 11 |
November 21, 2024
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"2016 Bank Of America Merrill Lynch Global Energy Conference "
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www.anadarko.com | NYSE: APC ANADARKO PETROLEUM CORPORATION ANADARKO PETROLEUM CORPORATION www.anadarko.com | NYSE: APC Approaching 400,000 BOE/d by 2021 1.5+ BBOE Net Resources ? ~4,000 Identified Drilling Locations Enhancing Margins and Returns ? Driving Well Costs to ~$2.3 Million per SLE ? Break-Even BTAX PV-10 <$30/Bbl* ? Legacy Acreage Position Leveraging Competitive Advantages ? Minerals-Interest Ownership ? Infrastructure in Place DJ Basin: Integrated Approach Enables Continued Growth CONSOLIDATED CORE ACREAGE WITH MINERALS-INTEREST UPLIFT YEAR-END 2015 INFRASTRUCTURE GAS GATHERING PIPELINES 3,100+ Miles OIL GATHERING PIPELINES ~250 Miles PROCESSING CAPACITY 1,175 MMcf/d COMPRESSION 270,000+ HP OIL LIGHT OIL 5 MILES APC Acreage APC Mineral Interest Oil Pipelines Gas Gathering WES/APC Processing Plant 350,000 Net Acres * New Drill, BTAX PV-10, assuming $3.00/Mcf ** Costs are based on measured depth 6.6 5.3 4.2 $97 $68 $53 $0 $20 $40 $60 $80 $100 $120 0 1 2 3 4 5 6 7 8 9 10 1Q15 1Q16 3Q16 Cycle Time (Days) Drilling Cost ($/Ft) $201 $134 $88 0 50 100 150 200 250 1Q15 1Q16 3Q16 Completion Cost ($/Ft) Drilling Cost Improvement of 45% Completion Cost Improvement of 56% ** ** 5