Calculate the 2014 Production Replacement Ratio (for natural gas only, Consolidated operations) Hint: See page 142 of the 10-K report. Note: Compute the above ratio in for ConocoPhillips using the 2014 10-K filing you have been provided on the course content. Type your answers and show your work. / credit is given if a question is attempted but it is wrong. If a student does not provide evidence of their work, credit will not be given - so be sure to show your calculations. Years Ended December 31 Lower 48 Total U.S. Natural Gas Billions of Cubic Feet Asia Pacific/ Canada Europe Middle East Alaska Other Areas Africa Total 2.960 (24) 20 2,113 (111) 1.896 96 2,515 113 872 109 56 2 7,188 (459) 7 9 447 (595) 10,148 (483) 27 9 451 (685) 2 75 4 (90) (313) 2 (70) 36 (208) (14) 1,806 16 14 (263) (31) 2,348 (53) (2) 1,764 344 6.597 214 2.870 73 6 58 Developed and Undeveloped Consolidated operations End of 2011 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2012 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2013 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2014 9.467 287 6 913 94 17,600 (274) 27 11 578 (1539) (47) 16,356 688 6 1 765 (1.479) (78) 16,259 792 3 . 2 (86) 35 (284) 1 55 (283) (3) 1,878 225 508 (592) (16) 6,711 581 6 (63) 510 (678) (16) 9,576 506 159 (171) (1) 1,809 (54) (58) 2,863 (75) 950 2,046 115 3 263 7 (78) 256 (601) (2) 6.945 85 (259) (13) 1,916 3 (289) (679) (2) 9,664 (182) (34) (689) 227 351 (1.443) (704) 15,258 2,719 1,573 1,878 4 3,312 (75) 3,316 (75) 330 (182) (127) 3,258 65 (1) (3) 330 (183) (130) 3,258 65 Equity affiliates End of 2011 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2012 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2013 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2014 982 (176) 982 (176) 4,129 768 4.129 768 531 (186) 531 (186) 5,242 5,242 Total company End of 2011 End of 2012 End of 2013 End of 2014 2.960 2,870 2,865 2.719 7.188 6,597 6,711 6,945 10.148 9.467 9,576 9,664 2.113 1.764 1,878 1,916 1,896 1,806 1.809 1,573 5,827 5,606 6,175 7.120 872 913 950 227 60 58 20,916 19,614 20,388 20.500 Calculate the 2014 Production Replacement Ratio (for natural gas only, Consolidated operations) Hint: See page 142 of the 10-K report. Note: Compute the above ratio in for ConocoPhillips using the 2014 10-K filing you have been provided on the course content. Type your answers and show your work. / credit is given if a question is attempted but it is wrong. If a student does not provide evidence of their work, credit will not be given - so be sure to show your calculations. Years Ended December 31 Lower 48 Total U.S. Natural Gas Billions of Cubic Feet Asia Pacific/ Canada Europe Middle East Alaska Other Areas Africa Total 2.960 (24) 20 2,113 (111) 1.896 96 2,515 113 872 109 56 2 7,188 (459) 7 9 447 (595) 10,148 (483) 27 9 451 (685) 2 75 4 (90) (313) 2 (70) 36 (208) (14) 1,806 16 14 (263) (31) 2,348 (53) (2) 1,764 344 6.597 214 2.870 73 6 58 Developed and Undeveloped Consolidated operations End of 2011 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2012 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2013 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2014 9.467 287 6 913 94 17,600 (274) 27 11 578 (1539) (47) 16,356 688 6 1 765 (1.479) (78) 16,259 792 3 . 2 (86) 35 (284) 1 55 (283) (3) 1,878 225 508 (592) (16) 6,711 581 6 (63) 510 (678) (16) 9,576 506 159 (171) (1) 1,809 (54) (58) 2,863 (75) 950 2,046 115 3 263 7 (78) 256 (601) (2) 6.945 85 (259) (13) 1,916 3 (289) (679) (2) 9,664 (182) (34) (689) 227 351 (1.443) (704) 15,258 2,719 1,573 1,878 4 3,312 (75) 3,316 (75) 330 (182) (127) 3,258 65 (1) (3) 330 (183) (130) 3,258 65 Equity affiliates End of 2011 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2012 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2013 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2014 982 (176) 982 (176) 4,129 768 4.129 768 531 (186) 531 (186) 5,242 5,242 Total company End of 2011 End of 2012 End of 2013 End of 2014 2.960 2,870 2,865 2.719 7.188 6,597 6,711 6,945 10.148 9.467 9,576 9,664 2.113 1.764 1,878 1,916 1,896 1,806 1.809 1,573 5,827 5,606 6,175 7.120 872 913 950 227 60 58 20,916 19,614 20,388 20.500