We own 11.29 Tcfe of reserves as of 12/31/2007
- 100% domestic
- 84% natural gas, 16% liquids
- 66% PDP, 34% PUD
- 16.7-year reserve-to-production life
“Top - 10” ranking domestic natural gas producer
- 1Q08: 2.11 Bcfe/d
| |
Gas |
1.71 Bcfe/d |
| |
Oil |
51,539 Bbl/d |
| |
NGLs |
15,974 Bbl/d |
Operational cash flow for 2008 projected to be greater than $4.0 billion (per First Call consensus estimates)
Finding and development costs rank among the best in the industry:
- 5-year drill bit cost only $1.34 per Mcfe
- 5-year all-in cost (acquisition and drill bit costs combined) just $1.59 per Mcfe
Market capitalization more than $30 billion with 504 million basic shares outstanding
2008 development budget set at $3.0 billion with an additional $500 million budgeted for pipeline infrastructure, compression and processing facilities
- S&P: BBB (stable outlook)
- Moody's: Baa2 (positive outlook)