iated continuous drilling provisions on existing spraberry leases or converted to HZ development assumptions Assets - Spraberry / Jo Mill: 4 lower Spraberry and 1 Jo Mill well were completed in O4. The Lower Somberly woes had mixed results. while the Jo fall well had the highest 24-ht IP in the area with

tal - 2015 capex budget reflects the challenging price environment with PXD only planning on spending 61.6bn on drilling and Expenditure 5250mm on Spraberry/VVolfcamp water infrastructure. vertical integration and facilities. - Northern Wolf camp: HZ rig count is bang reduced 16 to 6 that will drill 60 w

ty accelerates in 2H15. Hold. What to look for on the call? IILeading the charge? PXD expects to add two horizontal rigs per month in the northern Spraberry/Wolfcamp beginning in July contingent on continued strength in the oil markets and following a sale of its Eagle Ford midstream business. We look f