Freeport-McMoRan 2014 Annual Report Download - page 19

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CONSOLIDATED OIL AND GAS MARGINS
per BOE
Photos: (left) FM O&G’s Holstein platform in the Deepwater Gulf of Mexico, already a significant producer, provides
existing infrastructure for future growth; (right) The Holstein platform, with a drill ship at upper left pursuing the
Holstein Deep target
PROVED OIL AND GAS
RESERVES BY REGION
390 MMBOE
4 3 % Gulf of Mexico
39% California
18% Haynesville/Other
+ For the seven-month period from June 1, 2013, to
December 31, 2013.
^ Includes Eagle Ford results through June 19, 2014.
* Includes realized cash losses on derivative contracts of
$0.58 per BOE for 2013 and $2.15 per BOE for 2014.
2013+ 2014^
OPERATING MARGIN
Realized Revenue $ 76.87* $ 71.83*
Cash Production Costs 17.14 20.08
Cash Operating Margin $ 59.73 $ 51.75
17