- CRUDE OIL
- NATURAL GAS & NGLS
Crude oil production is expected to grow by approximately 23% in 2017.
Crude oil continued to account for more than 60% of proved reserves in 2016.
CRUDE OIL PRODUCTION (MBbls/d)
2016 crude oil production reached a Company record of 25.7 MBbls/d, up 12% versus 2015, thanks to strong growth from the Eagle Ford Shale as well as a ramp-up from the Delaware Basin.
TOTAL PRODUCTION (MBoe/d)
2016 total production reached a Company record of 42.3 MBoe/d, up 15% versus 2015, despite an 18% reduction in our D&C capex versus the prior year.
PROVED OIL RESERVES (MMBbls)
Despite a lower SEC price deck in 2016, Eagle Ford Shale bookings still drove a 17% increase in proved oil reserves.
TOTAL PROVED RESERVES (MMBoe)
2016 total reserve replacement was 291% at an all-sources FD&A cost of $13.65 per Boe.