View this Presentation - Penn Virginia Corporation

Operational and Reserve Metrics
3‐Year F&D Costs, Drill‐bit ($ / BOE) (2)
$43.34 $43.25
$25.96
$40
$25
$34.14
$30
$20
$19.37 $19.30 $18.63
$14.92 $13.85
$11.36 $11.34 $10.91 $10.71
$5.21
$26.37 $25.47
$23.13
$19.53 $17.65 $17.08 $15.30
$3.74
$15
$20
$10
$10
$2.61
$5
$1.73
$0
KWK GDP CRZO XCO BBG CRK PVA CWEI FST SFY PDCE Antero
2012 Reserve Replacement, Total (3)
$0
CRZO GDP BBG PVA CWEI FST CRK SFY XCO KWK PDCE Antero
2012 Proved Reserves (MMBOE) (4)
600%
2243% 1226%
542%
200
180
821.7
192.1
183.4 181.8 178.7
174.0
450%
428%
374%
160
140
120
125.5
118.0 115.1
300%
281%
100
91.8
150%
194%
1‐Year F&D Costs, Drill‐bit ($ / BOE) (1) 29
161% 140%
101%
54%
37%
80
60
40
20
75.4
55.5
0%
Antero PDCE CRZO CWEI SFY PVA FST BBG CRK GDP XCO KWK
Note: CRZO metrics represent U.S. assets only.
(1) 1‐Year F&D costs calculated by dividing the sum of 2012 exploration, production and development costs by the sum of extensions, discoveries and improved recovery of proved reserves.
(2) 3‐Year F&D costs calculated by dividing the sum of exploration, production and development costs by the sum of extensions, discoveries and improved recovery of proved reserves over the
period from 2010 to 2012.
(3) Reserve replacement calculated by taking the sum of purchases, extensions, discoveries and improved recovery of proved reserves by annual production.
(4) Pro forma for all recently announced transactions, including with respect to PVA, the Acquisition.
0
Antero SFY KWK FST PDCE BBG PVA PF XCO CRZO CRK CWEI GDP