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USA

We produce oil and gas in the Gulf of Mexico, heavy oil in California and primarily onshore tight gas in Louisiana, Pennsylvania, Texas and Wyoming. The majority of our oil and gas production interests are acquired under leases granted by the owner of the minerals underlying the relevant acreage (including many leases for federal onshore and offshore tracts). Such leases usually run on an initial fixed term that is automatically extended by the establishment of production for as long as production continues, subject to compliance with the terms of the lease (including, in the case of federal leases, extensive regulations imposed by federal law).

SOUTH TEXAS AND GULF OF MEXICO

PENNSYLVANIA, NEW YORK AND OHIO

NORTH-WEST USA

ALASKA, YUKON AND NORTHWESTERN TERRITORIES

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