Wells Fargo Securities Annual Pipeline, MLP & Energy Symposium December 5, 2012 www.newfield.com NYSE: NFX
1. Transition to an Oil Company is Real Oil/Liquids to be 50% of Total Production in 4Q12 2. Oil/Liquids Growth Driving Revenues, Cash Flow 85% of 2012 Revenues will come from Oil/Liquids 3. Encouraging Assessment Results Cana…
1. Proven History in Oklahoma Woodford Formation Arkoma Woodford 500 Total Wells (374 HZTs) 310,000 Net Acres Prospective for the Woodford Shale Formation 2. Assessing the Anadarko Basin Oil/LiquidsRich Basin Thick, Quality…
11,000 10,000 Legacy Production / Cana Leasing Exploration Assessment 9,000 8,000 7,000 NFX Commences HZT Drilling Net BOEPD 6,000 Gas Sales 5,000 NGL 4,000 Oil 3,000 2,000 1,000 0 JAN JUN JAN…
Key Takeaways 142,000 Net Acres 9,300 BOEPD Net Production 60% Liquids Active Development/Assessment 46 NFX Operated Rigs South Cana Results YTD 9 Producing Wells (Avg. 75% WI) 1,215 BOEPD Avg. IP (32% Oil) 901 BOEPD Avg. 30 Day…
Two Pilots Underway Testing 80 and 130 Acre Spacing Testing Upper and Lower Woodford GOALS: Decrease Time from Assessment to Ultimate Development Determine Optimal Spacing for Development NFX Faith Spacing Pilot…
50% Improvement in Drill Time South Cana and Cost/Lateral foot YTD12 0 Days vs. Depth Q1 New Technology 2,000 2012 Q2 Rotary Steerable Systems 2012 New PDC Bits 4,000 Q3 2012 Innovative Casing Designs 6,000 Identifying High…
SIERRA GRANDE Woodford Cherokee Fairway Woodford Shale Platform OZARK UPLIFT BRAVO DOME Arkoma Basin Woodford - SH Significant Potential along the Woodford Fairway 15+ Productive Intervals with Oil, Wet Gas, & Gas…
Altamont / Bluebell Pressured Uteland Butte* UTAH 5 Total Wells Drilled & Completed 1,200 BOEPD (87% Oil) Avg. 24 Hour IP Central Basin 720 BOEPD Avg. 30 Day Rate** 550 BOEPD Avg. 60 Day Rate** 3,800 Avg. Lateral Length Monument…