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CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co.

Newfield Exploration Co. · Feb 8, 2011 · 17 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 1
    Credit Suisse Energy Summit February 8, 2011 Gary Packer, COO 1
  2. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 2
    Todays Presentation 1 2010 Proved & Probable Reserves Value Creation Though Oil Investments Transparency of Disclosure (2P) Deep Inventory of Future Locations 2 2011 Capital Budget, Production Guidance Delivering Profitable Growth…
  3. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 3
    2010- A Recap Strong Production Growth, Within Cash Flow 12% Production Growth, Oilfocused Significant Growth In YE Oil Reserves PV10 Value Increases 80% to 6.8 B Proved Oil Reserves Grow 20%, Exceed 200 MMBbls Portfolio Model…
  4. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 4
    2010 Production 2010 HIGHLIGHTS 2010 Production 12% Growth Focused on Oily Assets: Monument Butte Oil Williston Basin Gas 30% Malaysia Domestic Oil Up 30% Over 09 2010 Activities Lead to Increased Oil Reserves (up 20%)…
  5. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 5
    2010 YE Reserves Proved 3,712 Bcfe Intl 2010 RESERVE HIGHLIGHTS ONGC 6%Intl GO M 9N%GC 6% 3O PV10 up 80% % 9% 2P Reserves of 6.2 Tcfe GO Mid-Cont. Rockies M 3% 50% Oil 20year reserve life 32% Gas 30% Mid-Continent Rockie…
  6. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 6
    2010 YE Reserves 1P and 2P Disclosure 2009 2010 53% 47% 58% 42% Proved PUD Proved PUD Developed Developed Proved Proved Proved Proved Quality Quality 72% 28% 52% 33% 54% 48% 67% Oil 46% Gas Oil Gas Proved 3,616…
  7. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 7
    Industry to Outspend Cash Flow by 30% 2011-12 Capital Expenditures / Cash Flow Estimates (201112) 5.0x 4.5x 4.0x Proved Quality 3.5x 1.3 1.1 Tcfe Tcfe 201112 Capex / Cash Flow 3.0x 2.5x 2.0x Probable: 2.5 Tcfe…
  8. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 8
    2011 Game Plan 11 Capital Budget 1.7 Billion HIGHLIGHTS: Intl 17% Substantially 100% Allocated to ONGC Mid-Cont. Oil/Liquids Rich Gas Plays 16% 31% Strategy Balances Growth and 2% GOM Profitability Rockies 34% 812% Production…
  9. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 9
    Woodford Shale Woodford Play Oily to the West 6 Wells Drilled to Date It s Not Its Not Only Only Dry Dry Gas Gas Peak IP 1,400 BOEPD (5wells) 35% Oil, 41O API gravity Hughes Avg BTU 1,300 OIL PRONE GAS PRONE Production…
  10. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 10
    Eagle Ford Shale PRODUCTION RESULTS, PLANS FOR 2011 TEXAS Initial Results (6 LEF wells) MAVERICK COUNTY Avg. 24 hour IP rates ZAVALA COUNTY 630 BOEPD, and ranged from 400 BOEPD to 900 BOEPD HK 37 API 30 day average: 400…
  11. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 11
    Why Invest in NFX True Depth A Diverse Asset Portfolio, Experienced Management Real Oil in the portfolio Natural Gas assets largely HBP In Hand Oil/Liquid Assets 100% of 11 Capex to Oil/Liquid Plays Uinta Basin Williston Basin Oil…
  12. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 12
    Hedge Summary* NATURAL GAS Volume Hedged Fixed Period 3-Way Collars MMCF/D Price 1Q11 380 6.30 4.50 x 6.00 x 7.91 2Q11 380 6.30 4.50 x 6.00 x 7.91 70% 3Q11 380 6.30 4.50 x 6.00 x 7.91 4Q11 320 6.03 4.50 x 5.86x 7.37 50% 2012 278…
  13. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 13
    Uinta Basin / Monument Butte FOUNDATIONAL OIL ASSET Ute Tribal Expansion iles 4M Uinta Basin Facts (M. Butte, Ute Tribal, Horseshoe Bend) 200,000 Net Acres, Substantially HBP 2 Billion Barrels OIP (Est. 20% Recovery) 1,500…
  14. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 14
    Williston Basin NFX LEASEHOLD RECENT NEWFIELD SUCCESSES DIVIDE BURKE 271,000 271,000 Net Net Acres Acres 171,000 net acres currently 171,000 net acres currently BIG BIG VALLEY VALLEY WARD in active Development and in active…
  15. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 15
    Malaysia Oil Developments CHINA PM PM 329 329 -- Piatu Piatu Signed PSC Dec. 2008 Signed PSC Dec. 2008 Undeveloped Discovery Undeveloped Discovery 5 Planned Development Wells 5 Planned Development Wells 10,000 BOPD Gross…
  16. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 16
    Southern Alberta Basin BLACKFEET NATION EXPLORATION VENTURE 280,000 Net Acres, NFX Operated MONTANA St. Mary HIGHLIGHTS HIGHLIGHTS 280,000 Net Acre Position 280,000 Net Acre Position Cut Bank Browning Blackfeet…
  17. CREDIT SUISSE ENERGY SUMMIT – Newfield Exploration Co. – slide 17
    Gas Assets HBP CONTROL PACE OF DEVELOPMENT Major Gas Assets HBP Limited drilling required to hold leases Woodford Shale 90% HBP 375 wells drilled to date Oily Woodford play Granite Wash 100% HBP (Stiles Ranch) Economics…

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