Anadarko Woodford

Overview

The Anadarko Woodford, located in Oklahoma, produces crude oil, natural gas and natural gas condensate. Competition for acreage and equipment in the Anadarko Woodford is growing rapidly in response to continued success in the Cana field and our drilling success in our NW Cana and SE Cana projects. Our Lambakis 1-11H validates the geologic model for the SE Cana and extends it 25 miles south of the previously known Anadarko Woodford horizontal production.

All statements on this page are made as of June 2012 and may not be accurate at the date you are reviewing this page.

Fact 1:
Continental controls one of the largest acreage positions in the Anadarko Woodford play with 315,675 net acres as of June 30, 2012, and we continue to acquire acreage.
Fact 2:
Production in the Anadarko Woodford in the second quarter of 2012 was more than 4X production in the same quarter of 2011 (16,672 Boepd versus 4,031 Boepd).
Fact 3:
Our production from this region grew 333% from 2009 to 2010 due to increased drilling activity. Drilling times continue to improve with several Company-operated wells drilled 43 percent faster than the 2010 average.
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