![]() 1 180 miles Oklahoma Woodford Play Arkoma Woodford 25 active rigs 1,000 Hz producing wells Sept. 2010 Anadarko Woodford 32 active rigs 124 Hz producing wells Sept. 2010 S. Oklahoma Woodford 4 active rigs 82 Hz producing wells Sept. 2010 Dry gas Condensate Oil Woodford absent Exhibit 99.3 |
![]() 2 Anadarko Acreage by Operator CLR #1 Leaseholder in Anadarko Play CLR acreage held by production Other producers’ acreage CLR acreage total Net acres 251,626 * Data from company releases and conference calls. |
![]() 3 Contours based on Bbl oil per MMcf gas only; does not include NGLs. Anadarko Woodford Producing Fairway Gas window Gas/condensate window 100 mi Oil window Liquids Rich |
![]() 4 Anadarko Woodford Play Taking Off CLR’s 1 st completion Bart Woods #1 Mcfe/day Wells Industry completions at Aug. 2010 Horizontal Production and Completions Source: HPDI industry report |
![]() 1 st Cana hz completion • Hancock 1-36H (Dec. ‘07) CLR’s 1 st NW Cana completion • Bart Woods #1 (WOC at Jan. ’08) CLR leasehold: 42,800 net acres 5 Anadarko Woodford: January 2008 Bart Woods #1 Hancock 1-36H 2007 Woodford completion Waiting on completion CLR acreage |
![]() 124 industry completions to date • CLR: 10 gross wells (8.2 net) 32 total rigs drilling Northwest Cana • Brown 1-2H (100% WI) 4.5 MMcfd 75 Bopd • Doris 1-25H (98% WI) 4.5 MMcfd 72 Bopd • Rother 1-2H (100% WI) 2.0 MMcfd 105 Bopd Southeast Cana confirmation well • Dana 1-29H (78% WI) 2.5 MMcfd 88 Bopd CLR: 6 operated rigs, going to 8 by YE2010 6 Anadarko Woodford Today Brown 1-2H Doris 1-25H Ballard 1-17H Dana 1-29H (New) Rother 1-4H 100 mi Woodford completions Industry Woodford rigs CLR Woodford rigs CLR acreage |
![]() ![]() ![]() 7 Anadarko Woodford Geologic Model N 30 m A A’ Plastic Clay-Rich Siliceous Brittle 100 A Northwest CANA CANA Southeast CANA 0 200 300 Hunton Lower Woodford Mississippian A A’ Upper Woodford N 120 mi |
![]() Siliceous Brittle Highly fractured Target Zone: Upper Woodford 8 |
![]() 9 CLR’s Northwest Cana Wells versus Cana Type Curve CLR’s NW Cana Well Performance * Cana type well represents average of 54 wells; 7.1 Bcfe EUR |
![]() Third CLR test in SE Cana Strong liquids content: 2.5 MMcfpd and 88 Bopd Completed in the siliceous Upper Woodford Much higher productivity Strong validation of SE Cana potential 10 Dana 1-29H: Southeast Confirmation Well Dana 1-29H (78% WI) Woodford completions Industry Woodford rigs CLR Woodford rigs CLR acreage |
![]() CWC: $7.6MM EUR : 7.1 Bcfe 11 Anadarko Woodford Economics 2011 * Net of differentials. |
![]() 12 Anadarko Reservoir Characteristics Depth Thickness (ft.) TOC Porosity Gas in place (Bcf/section) Pressure gradient (psi/ft.) BTU GPM NW Cana 11,000 - 15,000 75 - 125 3% - 5% 7% - 10% 47- 136 0.50 - 0.53 1060 - 1080 2 Cana 11,000 - 15,000 125 - 250 2% - 6% 6% - 9% 78 - 236 0.69 - 0.73 1070 - 1200 2 - 5 SE Cana 11,000 - 15,000 100 - 300 4% - 6% 8% - 10% 79 - 300 0.60 - 0.64 1270 - 1450 6 - 9 |
![]() 13 CLR’s Anadarko Woodford History MMcfe gas MMcfe oil CLR Anadarko cum. net wells CLR 1 st hz Anadarko well Bart Woods #1 CLR NW Cana confirmation well Doris 1-25H CLR 1 st Cana completion Young 2-22H CLR 1 st successful NW Cana completion Brown 1-2H Net Wells Net Production and Net Well Count |
![]() ![]() ![]() 14 Anadarko Woodford Up-Hole Potential 12+ potential up-hole pay zones • Rother 1-4H encountered Springer pay zone • 3 Bcfe reserve potential per well • Rother 2-4 spudded last month Prospective for Morrow/Springer 90 mi 10% Gamma ray Porosity |
![]() 15 Arkoma Woodford: Continued Expansion Good results from East Krebs drilling • Marilyn 1-29H (80%WI): 4.2 MMcfpd • Delphia1-34H (97%WI): 2.8 MMcfpd • Gaberino 1-28H (78% WI): 3.3 MMcfpd Horizontal Cromwell potential • Non-operated well (8% WI): 8.4 MMcfpd 47,201 net acres (47% HBP) CLR acreage CLR 2010 proposed location CLR-operated producer Woodford producer Delphia 1-34H Ennis 7H-12 Marilyn 1-29H East Krebs Cromwell potential |
![]() 16 CLR’s Woodford Growth Platform * Anadarko Woodford: 160-acre spacing, 7.1 Bcfe EUR and 80% NRI; Arkoma Woodford: 80-acre spacing, 3 Bcf and 80% NRI. In addition to 66 MMBoe proved reserves at June 30, 2010: Net unbooked potential wells Additional potential reserves (Tcfe) In MMBoe Anadarko Woodford 1,574 9.1 1,513 Arkoma Woodford 430 1.0 175 10.1 Tcfe in potential additional reserves (1,688 MMBoe). |
![]() Questions? 17 |