Investor Presentaiton
Permian Key to Meeting Global Energy Demand
Expect Permian to Drive Vast Majority of U.S. Short-Cycle Production Growth
New Supply Development Breakevens (1)
Permian Positioned for Multi-Year Growth (3)
Mb/d
US Permian
$40
8,000
Deepwater GOM/Brazil
$44
"Nameplate" Takeaway Capacity
7,000
US Shale, Non-Permian
$45
North Sea
$51
6,000
"Efficient" Operating Capacity
(90% of Nameplate)
Oil Sands
$52
5,000
Fiscal Breakevens(2)
4,000
2+ MMB/d
(>80% of total U.S. growth)
Libya
$55
3,000
Iraq
Kuwait
United Arab Emirates
$64
$66
2,000
$69
1,000
Saudi Arabia
Iran
$82
Crude Oil Production (blue)
$361
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
(1) S&P Global Platts ($/Bbl, Brent) (2) International Monetary Fund ($/Bbl, Brent) (3) PAA Estimates, Enverus
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