In 201 4, the C om pany continued to sim plify its portfolio by 
divesting its non-core low er-w orking interest rem aining assets 
in the D J Basin and Bakken. The C om pany’ s 201 4 drilling and 
com pletions w ere prim arily focused in the Eagle Ford and 
G reater Anadarko (M ississippian and W oodford Form ations).   
The C om pany had record production of 2.4 M M B O E  (6,635 B O E PD ) in 20 14; a 1.3 
M M B O E  (120  percent) increase com pared to 1.2 M M B O E  (3,0 15 B O E PD ) in 20 13. 
The C om pany’s 20 14 exit rate w as 9,434 B O E PD , above the C om pany’s guidance exit 
rate of 8,0 0 0– 9,0 0 0  B O E PD . D espite the D J and B akken dispositions 
(approxim ately 1,181 B O E PD  at tim e of dispositions), the C om pany’s 
production has increased at a 17 3 percent com pounded annual 
grow th rate (C A G R) during the tw o year 20 1 3 – 20 14 period. 
A s a result of its robust 20 14 drilling and com pletions program  ($324.0 
m illion), the C om pany brought on a total of 35 gross (26.1 net) in the 
E agle F ord and 40  gross (16.6 net) G reater A nadarko. In addition, the 
C om pany had 19 gross (10 .6 net) and 5 gross (3.1 net) E agle F ord 
and G reater A nadarko w ells in progress, respectively , at year-end. The 
C om pany also invested approxim ately $75.0  m illion in direct m ineral leases and acreage 
acquisitions in the E agle F ord, w hich increased its net acreage position by 12,640  net 
acres to 20 ,742 in the E agle F ord and 5,418 in neighboring M averick C ounty .  
These acquisitions increased the C om pany’s net drilling locations and extended its drilling 
inventory to alm ost 6 years assum ing a tw o-rig program  (at 18 w ells per rig per year) in 
both the E agle F ord and G reater A nadarko (72 total w ells per year). 
B ecause of its successful drilling program  and acreage acquisitions, 
the C om pany increased C onstant C ase 1P Reserves by 5.3 M M B O E 
(25 percent) to 26.0  M M B O E  (PV 10  of $531.7 m illion), com pared to 
20 .7  m m boe at the beginning of the year (PV 10  of $337 .0  m illion). 
This 25 percent C onstant C ase reserve increase is net of the disposed 
D J and B akken 6.1 M M B O E  reserves (PV 10  of $7 8 .2 m illion). 
E xcluding the disposed reserves, 1P Reserves increased 11.3 M M B O E 
(7 7  percent). This increase in 1P Reserves, represents 5.5x the 
C om pany’s production for its rem aining assets (reserve replacem ent rate). The 20 14 
reserve replacem ent rate is am ong the highest of our peers. 
O PERATIO N S O V ERV IEW 
2,000 
4,000 
6,000 
8,000 
10,000 
 DEC Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 EXIT 
 2012 2013  2014 
PRODUCTION (Boe/d) 
CAGR since December 2012=173% 
1.0 
2.0
3.0
4.0
5.0
6.0
7 .0 
50 
100 
150 
200 
250
300 
350
400 
450
NET DRILLING LOCATIONS 
(excluding contingent resources)
 JAN-13 JAN-14 JAN-15 
I PROVED 
I PROBABLE AND POSSIBLE 
—— DRILLING INVENTORY (YEARS) 
A s at and for the EAG LE G REATER DISPO SED 
Year Ended 31 D ecem ber 2014 FO RD AN ADARKO  BASIN S TOTAL  
Production (boe) 1 ,6 96 ,5 49 5 3 2,91 6  1 92,23 9 2,421 ,70 4 
Production (BO EPD ) 4,6 48 1 ,46 0  5 27 6 ,6 3 5  
Liquids %  of sales 91 % 78% 78% 87% 
Exit Rate (BO EPD ) 8,1 77 1 ,25 7 – 9,43 4 
D & P Capital Invested $ 244,1 3 4 $  79,85 1  $  1 4,3 81  $ 3 3 8,3 6 6  
E& E Capital Invested $   5 9,90 3  $  1 2,5 6 1  $      291  $ 72,75 5  
G ross producing w ells 77 6 5  – 1 42 
N et Producing w ells 5 3 .8 27 .5  – 81.3  
G ross W ells in Progress 1 9 5  – 24 
N et W ells in Progress 1 0 .6  3 .1  – 1 3 .7 
N et A cres 26 ,1 6 0  40 ,93 7 6 40  6 7 ,73 7 
A s at and for the EAG LE G REATER 
Year Ended 31 D ecem ber 2014 FO RD AN ADARKO  TOTAL  
1 P Reserves (m boe) 1 8,1 3 1.9 7 ,849.4 25 ,981.3  
3 P Reserves (m boe) 1 0 0 ,40 4.1  47 ,3 1 8.7 1 47 ,722.8 
1 P Reserves (PV1 0  ($0 0 0 s)) $ 449,287 .5  $    82,447 .5  $    5 3 1 ,73 5 .0  
3 P Reserves (PV1 0  ($0 0 0 s)) $1 ,20 2,3 1 3 .1  $ 282,91 3 .8 $ 1 ,485 ,226 .9