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Acquisition’s Effect on Production Volumes and Mix<br />

Positive Production Trend<br />

• During 2011 and into early 2012, we quickly ramped up Eagle Ford Shale production, and<br />

expect to increase production once again during 2013<br />

• Approximately 94% of sales volumes are liquids ‐ primarily crude oil<br />

• Oil is sold into Gulf Coast LLS market through multiple purchasers at premium pricing to WTI<br />

Pre Acquisition Eagle Ford Production (MBOEPD)<br />

Post Acquisition Eagle Ford Production (MBOEPD)<br />

11.2<br />

7%<br />

$10<br />

$5<br />

6.4<br />

7%<br />

9%<br />

7.9<br />

8%<br />

8%<br />

$10<br />

$5<br />

8.5<br />

6%<br />

8%<br />

7%<br />

86%<br />

2.3<br />

84%<br />

85%<br />

2.3<br />

86%<br />

88%<br />

88%<br />

$0<br />

2011 2012 2013E<br />

$0<br />

2011 2012 PF 2013E<br />

Oil and Condensate NGLs Natural Gas<br />

14

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