erage the use of its pimping serycies Pricing - 90% of 2015 oil production is hedged at $71/bbl and 100% of Permian production is protected against Midland-Cushing cliff, whale 90% of gas volumes aro hedged with Thee Way Colors Capital - 2015 capex budget reflects the challenging price environment with PXD on

to leverage the use of its pumping servcies - 90% of 2015 oil production is hedged at $71/bbl and 100% of Permian production is protected against Midland-Cushing diff, while 90% of gas volumes are hedged with Three Way Collars - 2015 capex budget reflects the challenging price environment with PXD only plan