Mobile Bay Acquisition and GOM Infrastructure Advantage
3-Year RRC ($/Boe)
MAJOR DECLINE IN ALL-IN RESERVE REPLACEMENT
COST¹ (RRC)
$35.00
Since 2014, 3-year RRC Decreased ~91% While Reserve Life2 Increased 123% from 5.1 to 11.3 Years
13 Year RRC
-Reserve life
$30.00
$29.98
$28.60
$25.00
$20.00
$15.00
$10.00
$5.00
$0.00
2014
2015
$17.54
2016
$10.60
2017
12.0
10.0
8.0
6.0
4.0
2.0
$5.43
$4.32
$3.88
$3.24
$2.85
0.0
2018
2019
2020
2021
2022
1) Calculated as total capex divided by total reserve additions. Includes capital costs and reserves associated with revisions, extensions, discoveries and acquisitions. Excludes plugging and abandonment costs.
2) Year-end proved reserves divided by production for the year
High Grading Projects, Sustainable Lower Service Costs, and
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Utilizing Existing Infrastructure Has Led to Lower RRC
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Reserve Life (R/P)View entire presentation