ANADARKO PETROLEUM CORPORATION 

Reviewing Operators Strategies 

for Sourcing Large Volumes of 

Freshwater for Hydraulic Fracturing 

Operations in the Context of 

Competition from other Industries 

By Erik Anglund 

Water Resource Engineer 

October 29, 2014 

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ANADARKO PETROLEUM CORPORATION 

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Regarding Forward-Looking Statements and Other Matters 

This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and 

Section 21E of the Securities Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable 

assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors 

could cause actual results to differ materially from the projections, anticipated results, or other expectations expressed in this 

presentation, including Anadarko’s ability to consummate the transaction described in this presentation, to meet financial and 

operating guidance, to achieve its production targets, successfully manage its capital expenditures, including entering into 

carried-interest agreements, timely complete and commercially operate the projects and drilling prospects identified in this 

presentation, to successfully plan, secure necessary government approvals, finance, build and operate the necessary 

infrastructure and LNG park, consummate previously announced transactions, and to achieve its production and budget 

expectations on its mega projects. See “Risk Factors” in the company’s 2012 Annual Report on Form 10-K, Quarterly Reports on 

Form 10-Q and other public filings and press releases. Anadarko undertakes no obligation to publicly update or revise any 

forward-looking statements. 

Please also see our website at www.anadarko.com under “Investor Relations” for reconciliations of the differences between any 

non-GAAP measure used in this presentation and the most directly comparable GAAP financial measures. 

Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission (“SEC”) permits oil and gas 

companies, in their filings with the SEC, to disclose only proved, probable and possible reserves that meet the SEC’s definitions 

for such terms. Anadarko uses certain terms in this news release, such as “resources,” “net resources,” “net discovered 

resources,” “net risked resources,” “resource opportunity,” “estimated ultimate recovery,” “resource potential,” “resource 

estimate,” “incremental recoverable resources,” “recoverable natural gas,” “net resource estimate,” “recoverable resource,” “net 

resource estimate,” “discovered resources,” and similar terms that the SEC’s guidelines strictly prohibit Anadarko from including 

in filings with the SEC. U.S. investors are urged to consider closely the disclosure in Anadarko’s Form 10-K for the year ended 

Dec. 31, 2012, File No. 001-08968, available from Anadarko at www.anadarko.com or 

by writing Anadarko at: Anadarko Petroleum Corporation, 1201 Lake Robbins Drive, The Woodlands, Texas 77380, 

Attn: Investor Relations. This form may also be obtained by contacting the SEC at 1-800-SEC-0330. 

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ANADARKO PETROLEUM CORPORATION 

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Production 

Exploration 

Among the World’s Largest Independent Oil and Natural Gas E&P 

Companies 

Included in the S&P 100 Index with 6,000+ Employees Worldwide 

Headquartered in The Woodlands, TX with Operations in 15+ 

Countries 

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ANADARKO PETROLEUM CORPORATION 

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OIL AND NATURAL GAS 

NATURAL GAS 

SHALE PLAY 

GREEN RIVER 

GNB 

PERMIAN 

POWDER RIVER 

WATTENBERG HZ 

Net Acreage: ~15 Million 

EAST TEXAS/HAYNESVILLE 

EAGLEFORD 

MARCELLUS 

!Anadarko’s U.S. Onshore Properties: 

Produce enough energy to heat/cool ~25 million average homes daily 

!Anadarko’s Operations in Colorado: 

Invested $1.5+ billion in the Wattenberg HZ program in 2013 

Directly employ 1,500+ 

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Hydraulic Fracturing 

In Colorado 

Education Safety 

Water Land 

Public 

Health 

Chemical 

Exposure 

Worker 

Safety 

Emergency 

Response 

Regulatory 

Oversight 

Significant 

Water 

Demand 

Limited 

Water 

Supply 

Groundwater 

Contamination 

Water 

Disposal & 

Recycle 

Contamination 

Earthquakes 

Property 

Values 

Wildlife 

Habitat 

Noise & 

Disruption 

Traffic & 

Infrastructure 

NIMBY 

Exploration 

Company 

Fracking 

Process 

Fracking 

Chemicals 

Reliable 

Information 

Sources 

Fracking 

Impacts 

Fracking 

Benefits 

STAKEHOLDER CONCERNS 

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Biocide 

Acid 

Friction Reducer 

Surfactants 

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Source: Colorado Oil & Gas Conservation Commission 2010. In 2015, the COGCC projects that water usage related to hydraulic 

fracturing is expected to be slightly more than one-tenth of one percent of the total water used. 

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Public-supply 

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Industrial 

Livestock 

Mining 

Recreation 

Thermo-electric 

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Hydraulic Fracturing Water Usage 0.1% 

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At an estimated maximum build out for Colorado 

wells, oil and natural gas development would 

only account for 0.1% of all of Colorado’s total 

water use. 
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Reduce “buy and dry” through 

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the use of senior water right to 

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Permit all or a portion of a senior 

water right to be used for M&I 

uses pursuant to voluntary 

contractual arrangements 

Maintain the economic 

benefit of the senior water 

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Retain sufficient water 

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