Our Mission Expanding Infrastructure To Facilitate€¦ · anadarko petroleum corporation nyse: apc it egi t an d ts t servant eade rship comme rcia l focs ope commica tio p eope

INTEGRITY AND TRUST | SERVANT LEADERSHIP | COMMERCIAL FOCUS | OPEN COMMUNICATION | PEOPLE AND PASSION

ANADARKO PETROLEUM CORPORATION | NYSE: APC

West TexasFACT SHEET

CULBERSON

WARD

WINKLER

LOVING

REEVES

NEW MEXICO

TEXAS

SUPERIOR ROCK & FLUID PROPERTIES

1Maximum 24-hour rate (processed BOE/d)2Wolfcamp A, 3+ BBOE; Rest of Stack 1+ BBOE37,500-foot mid-lateral equivalent type well

3rd Bone Spring1,950 BOE/d

Wolfcamp A5,600 BOE/d

Wolfcamp A2,750 BOE/d

Wolfcamp B2,200 BOE/d

Wolfcamp A2,350 BOE/d

Wolfcamp A3,800 BOE/d

2H17 Extended Flowback Program Wells1

APC ACREAGE: 589,000 Gross Acres; 240,000 Net Acres

10 MILES

IMPROVING QUALITY

1Maximum 24-hour rate (processed BOE/d)

*Expected in-service date

Our MissionAnadarko Petroleum Corporation’s mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world’s health and welfare. As of year-end 2017, the company had approximately 1.44 billion barrels-equivalent of proved reserves, making it one of the world’s largest independent oil and natural gas exploration and production companies.

Anadarko in West TexasAnadarko’s Delaware Basin position is 589,000 gross acres and holds 8,500 feet of stacked oil potential. In 2017, Anadarko advanced several foundational components of the Delaware Basin value chain, securing locally sourced sand, basin takeaway capacity and making significant progress on the extensive infrastructure backbone. We continued to core-up our acreage position for operational efficiency and have completed more than 35,000 acres of trades over the last few years.

The Delaware Basin: An Onshore Mega Project

GAS PROCESSING

Ramsey VI200 MMcf/d

Mentone I & II400 MMcf/d

4Q17

2H18

2Q18

3Q18

2019

Reeves60 MBOPD

N. Loving60 MBOPD

Haley (E.Loving)60 MBOPD

OIL TREATING

ADDITIONS*

TEXAS

NEW MEXICO

DELAWARE BASIN

Anadarko midstream and Western Gas plan to placeinto service an additional 400 MMcf/d of gas processingand 120,000 BOPD of oil treating capacity by the endof 2018. These enhancements are the catalysts forproducing wells in their optimal state and reduce ourenvironmental footprint by eliminating storage tanksand associated equipment, lowering operating costs andreducing truck traffi c and associated emissions.

L E A R N M O R E AT W W W . A N A D A R K O . C O M

PLEASE VIEW THE FORWARD-LOOKING STATEMENT AND CAUTIONARY NOTE TO INVESTORS UNDER THE TERMS OF USE PAGE AT WWW.ANADARKO.COM

WWW.ANADARKO.COM

2017 West Texas Highlights

Planting Roots in MidlandWith more than 270 employees now living in Midland, we are ramping up our community involvement initiatives by partnering with the West Texas Food Bank, Junior Achievement of the Permian Basin, High Sky Children’s Ranch, Terrace West Nursing Home and Midland Need to Read.

Anadarko also donated more than $145,000 to help relocate and upgrade the Chris Davidson Opportunity Park, allowing the campaign to earn $650,000 in challenge grants from three Midland foundations. The park will appeal to children of all ages and all abilities.

Supporting First RespondersIn addition to financial support given to several local fire and EMS departments, we were honored to be able to provide a flatbed truck to the Winkler County Fire Department to help first responders attend to smaller call outs while leaving their large rig available for other calls.

Focusing on ConservationAnadarko is a core member and the first contributor to the development of the Pecos Watershed Initiative, which partners with the National Fish and Wildlife Foundation and other operators to promote conservation around the Pecos River.

• To proactively engage regional stakeholders and more intimately manage growth plans, Anadarko expanded its regional office in Midland in 2017 with more than 270 employees now supporting our operations. Construction on a new office complex began in early 2018 and is expected to be completed by third-quarter 2019.

• Prior to concluding a participation agreement, Anadarko completed drilling operations necessary to capture 70% operatorship in its Delaware Basin acreage position.

• A recent benchmarking study by a large Permian drilling service provider found Anadarko to have the best drilling performance in the basin, operating four of their five top performing rigs.

• Employees in E&P operations and midstream construction demonstrated their commitment to safety by surpassing 4 million man-hours and 800,000 man-hours, respectively, without a lost-time incident.