ࡱ; if  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdehjRoot Entry \pCalc Ba=( =@ 8X@"1Calibri1Arial1Arial1Arial1Calibri General3._(\$* #,##0_);_(\$* \(#,##0\);_(\$* \-_);_(@_);6_(\$* #,##0.00_);_(\$* \(#,##0.00\);_(\$* \-??_);_(@_) #,##0\(#,##0_);[RED]\(#,##0\)!"($"#,##0_);[RED]"($"#,##0\)                + ) , *  ( (8 (8  $      (       (   $  $ `+Table4Table-1::Table-2>Table-3BTable-4dFTable-5LKTable-6aTable-7JhTable-8^pTable-9tTable-10Table-11Table-12>Table-13Table-14Table-15ԧTable-16Table-17TTable-18Table-19TP    3  @@   Name (a)#Fees Earned or Paid in Cash ($) (b)Stock Awards (1) ($) (c)"All Other Compensation (2) ($) (g)Total ($) (h)Thomas D. Arthur$-Edison C. BuchananAndrew F. CatesR. Hartwell GardnerAndrew D. LundquistCharles E. Ramsey, Jr.Scott J. ReimanFrank A. RischJ. Kenneth Thompson (3)Jim A. WatsonMetricTarget Goal (1)Stretch Goal (1) Result (1) Production46 MMBOE - 47 MMBOEGreater than 47 MMBOE45 MMBOEProduction/Share Growth 12% - 16%Greater than 16%12%%Debt-adjusted Production/Share Growth 14% - 18%Greater than 18%18%Operating Costs ($/BOE)Base$10.00 - $10.75Less than $10.00Total Operating Cost$13.00 - $14.00Less than $13.00G&A Overhead ($/BOE)$3.75 - $4.25Less than $3.75Net Debt$2.2 billion - $2.3 billionLess than $2.2 billion $2.0 billionNet Debt/Book Capitalization 30% - 34%Less than 30%26%Debt/EBITDAX (2)1.5 - 1.75 timesLess than 1.5 times 1.2 timesFinding Cost ($/BOE) (3)$14.00 - $17.00Less than $14.00"Reserve Replacement Percentage (4) 175% - 225%Greater than 225%313%Return on Equity 4.0% - 8.0%Greater than 8.0%Return on Capital Employed 3.0% - 7.0%Greater than 7.0%9%Allocation Among AwardsNEO Total ValueRestricted Stock/RSU AwardsPerformance UnitsStock OptionsScott D. SheffieldRichard P. Dealy Mark S. BergChris J. CheatwoodTimothy L. DoveRanking Company NameTSR (%)!Pioneer Natural Resources CompanyCimarex Energy Co.Noble Energy, Inc.Newfield Exploration CompanyRange Resources Corporation)Plains Exploration and Production CompanyChesapeake Energy CorporationEOG Resources, Inc.Apache CorporationQuicksilver Resources Inc.Forest Oil CorporationDevon Energy CorporationName and Principal PositionYear Salary ($)Bonus (1) ($)Stock Awards (2) ($)Option Awards (2) ($).Non-Equity Incentive Plan Comp- ensation (1)JChange in Non- qualified Deferred Comp- ensation Earnings (3) ($)%All Other Comp- ensation (4) ($) Total ($)(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)FScott D. Sheffield Chairman of the Board and Chief Executive Officer201120102009GRichard P. Dealy Executive Vice President and Chief Financial Officer;Mark S. Berg Executive Vice President and General CounselRChris J. Cheatwood Executive Vice President, Business Development and Geoscience7Timothy L. Dove President and Chief Operating OfficerYear ended December 31, 2011Scott D. SheffieldRichard P. Dealy Mark S. BergChris J. CheatwoodTimothy L. Dove401(k) contributions8Non-qualified deferred compensation plan contributionsLife insurance premiumsNon-tobacco use credit (a)-Financial counseling7Personal and spousal travel & entertainment costs (b)Grant Date (b)BAll Other Stock Awards: Number of Shares of Stock or Units (#) (i)LAll Other Option Awards: Number of Securities Underlying Options (5) (#) (j)6Exercise or Base Price of Option Awards (6) ($/Sh) (k)<Grant Date Fair Value of Stock and Option Awards (7) ($) (l)CEstimated Future Payouts under Non-Equity Incentive Plan Awards (1)?Estimated Future Payouts Under Equity Incentive Plan Awards (2)Name (a)Threshold ($) (c)Target ($) (d)Maximum ($) (e)Threshold (#) (f)Target (#) (g)Maximum (#) (h)+02/15/2011 02/15/2011 02/15/2011 02/15/201125,704 (3) 19,140 (4)$ $ $ $%2,536,728 2,163,634 1,592,382 615,5428,980 (3) 6,687 (4)886,236 755,824 556,277 215,054 02/15/2011 02/15/2011 02/15/2011 5,612 (3)$ $ $553,848 377,912 278,163 6,735 (3)664,677 453,468 333,776 15,574 (3)1,536,998 1,048,753 771,832TSR Rank Against Peers'Percentage of Performance Units Earned250%200%175%150%125%110%75%50%25%0%Option Awards Stock AwardsNameCNumber of Securities Underlying Unexercised Options (#) ExercisableENumber of Securities Underlying Unexercised Options (#) UnexercisableOption Exercise Price ($)Option Expiration DateDNumber of Shares or Units of Stock that have not Vested (#)HMarket Value of Shares or Units of Stock that have not Vested (1) ($)tEquity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that have not Vested (#)Equity Incentive Plan Awards:Market or Payout Value of Unearned Shares, Units or Other Rights That have not Vested (2) ($) 115,337 (3) 02/18/2019 120,919 (6) 70,555 (11) 44,000 (4) 02/16/2020 45,156 (7) 28,144 (12) 32,098 (5) 02/15/2021 25,704 (8) 24,144 (9) 19,140(10) 40,368 (3) 42,322 (6) 19,243 (11) 12,000 (4) 12,315 (7) 9,821 (12) 11,213 (5) 8,980 (8) 6,585 (9) 6,687 (10) 24,509 (3) 25,696 (6) 11,418 (11) 7,120 (4) 9,134 (7) 4,911 (12) 5,607 (5) 5,612 (8) 25,363 (3) 26,590 (6) 12,188 (11) 7,600 (4) 9,750 (7) 5,892 (12) 6,728 (5) 6,735 (8) 67,500 (3) 70,768 (6) 31,558 (11) 19,680 (4) 25,246 (7) 13.627 (12) 15,558 (5) 15,574 (8)Options AwardsName (a)-Number of Shares Acquired on Exercise (#) (b)&Value Realized on Exercise (1) ($) (c),Number of Shares Acquired on Vesting (#) (d)!Value Realized on Vesting ($) (e)38,479 151,148 (3)$ $3,709,376 (2) 13,524,723 (3)12,643 52,903 (3)1,218,785 (2) 4,733,760 (3)8,520 32,120 (3)821,328 (2) 2,874,098 (3)8,520 33,238 (3)821,328 (2) 2,974,136 (3)21,438 88,460 (3)2,066,623 (2) 7,915,401 (3)/Executive Contributions in Last FY (1) ($)(b)0Registrant Contributions in Last FY (2) ($)(c),Aggregate Earnings in Last FY (3) ($)(d),Aggregate Balance at Last FYE (4) ($)(f)Mark S. Berg.Chris CheatwoodInvestment FundsRate of Return500 Index Fund Inv1.97% American Funds EuroPacific Gr R4-13.61%Artisan Mid Cap Value Investor6.42%Columbia Acorn International Z-14.06%Extended Mkt Index Inv-3.73%Inflation-Protect Sec Inv13.24%Inter-Term Treasury Inv9.80%!Invesco Real Estate Institutional8.05%JPMorgan Small Cap Equity Sel2.92%Loomis Sayles Bond Instl3.76% Oppenheimer Developing Markets Y-17.85%PIMCO Total Return Admin3.91%Prime Money Mkt Fund0.05%PRIMECAP Fund Investor-1.84%'Prudential Jennison Natural Resources A-18.80%Royce Premier Service-1.07%Royce Total Return Instl-1.55%Sentinel Small Company A2.84%T. Rowe Price Mid-Cap Growth-1.21%Target Retirement 20055.14%Target Retirement 20103.37%Target Retirement 20151.71%Target Retirement 20200.60%Target Retirement 2025-0.37%Target Retirement 2030-1.27%Target Retirement 2035-2.24%Target Retirement 2040-2.55%Target Retirement 2045-2.51%Target Retirement 2050-2.54%Target Retirement 2055-2.27%Target Retirement Income5.25%Templeton Global Bond A-2.37%Total Bond Mkt Index Inv7.56%Total Intl Stock Ix Inv-14.56%Total Stock Mkt Idx Inv0.96%Wellington Fund Inv3.85%Windsor II Fund Inv2.70%*Benefits and Payments Upon Termination (1).Voluntary Termination or Termination for Cause8Termination Not for Cause or Termination for Good Reason%Normal Retirement or Death/DisabilityChange in Control Termination!Long-Term Incentive Compensation:Restricted Stock/RSUs (2)Performance Units (3)Stock options (2)Phantom units (2)Benefits & Perquisites:Severance PaymentProrated Bonus Payment (4) Medical Benefit Continuation (5)280G Reimbursement Pay in lieu of 30-day Notice (6)Total Long-Term Incentive CompensationRestricted Stock (2)!Long-Term Incentive Compensation:#Name of Person or Identity of GroupNumber of SharesPercentage Of Class (a)SPO Advisory Corp (c)591 Redwood Highway, Suite 3215Mill Valley, California 94941Capital World Investors (d)333 South Hope StreetLos Angeles, CA 90071&Wellington Management Company, LLP (e)280 Congress StreetBoston, MA 022<10BlackRock, Inc. (f)40 East 52nd StreetNew York, NY10022The Vanguard Group, Inc. (g)100 Vanguard Blvd.Malvern, PA 19355"Scott D. Sheffield (h)(i)(j)(k)(m)Richard P. Dealy (h)(i)(j)(m)Mark S. Berg (h)(i)(j)(m)%Chris J. Cheatwood (h)(i)(j)(k)(l)(m)Timothy L. Dove (h)(i) (k)(m)Thomas D. Arthur (i)Edison C. Buchanan (i)Andrew F. Cates (i)(j)(l)R. Hartwell Gardner (i)Andrew D. Lundquist (i)(k)Charles E. Ramsey, Jr. (i)(l)Scott J. Reiman (i)Frank A. Risch (i)J. Kenneth Thompson (i)Jim A. Watson (k)LAll directors and executive officers as a group (19 persons) (j)(k)(l)(m)(n) dcc  d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} }  ,@,@,@,@,@,@,@,@ ,@ ,@ ,@          ~ A  ~  A   ~ J,  ~  J,   ~ A  ~  A   ~ J,  ~  J,   ~ A  ~  A   ~ J,  ~  J,   ~ A  ~  A    ~ A   ~ A    ~  ~ r ~     ~ A   ~ A b,                         PH0(  >@<dgg  d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} %} } }  } ,,,,,,,, , , , ,,,,                  ! 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