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US E&P benchmark study - EY

US E&P. benchmark study June 2012. Table of contents study overview 1. Industry backdrop and study highlights 3. Capital expenditures 4. Revenues and results of operations 5. Oil reserves 6. Gas reserves 7. Performance measures Proved reserve acquisition costs, finding and development costs and reserve replacement costs 9. Production replacement rates 10. Production costs 11. Company statistics 12. Peer groups 24. Ernst & Young Americas oil and gas services 25. study overview The US E&P benchmark study is a compilation and analysis of certain Performance measures oil and gas reserve disclosure information as reported by publicly traded companies in their annual reports filed with the United The performance measures presented herein were calculated States (US) Securities and Exchange Commission (SEC). This report based on the companies' oil and gas reserve disclosure information. presents the US exploration and production (E&P) results for the five- Ernst & Young's methodology for calculating the performance year period from 2007 through 2011 for the largest 50 companies measures is defined below.

US E&P benchmark study 1 Study overview The US E&P benchmark study is a compilation and analysis of certain oil and gas reserve disclosure information as reported by publicly

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