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JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co.

Newfield Exploration Co. · Oct 5, 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. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 1
    Johnson Rice Energy Conference October 5, 2011 www.newfield.com NYSE: NFX
  2. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 2
    Our Focus Today Capital Discipline: Live within 1.9 Billion Capital Budget Oil Directed Capital Investments 90% of 1.9 Billion Budget Allocated to Oil / Liquids Over 1 Million Net Oil-Prospective Acres; 2 Billion Net Barrels of…
  3. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 3
    Driving Oil / Liquids Growth (Average Daily Production) 80,000 600 500 60,000 MCFPD BOEPD 400 40,000 300 20,000 200 2008 2009 2010 Q1'11 Q2'11 Q3'11e Q4'11e Liquids (BOEPD) Gas (MCFPD) 3
  4. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 4
    NFX: Focused on Cash Flow Generation Capital Efficiency (100 MM investment) 60.00 Capital Allocation by Product 50 MM 50.00 Oil / Gas Liquids 9% 91% 40.00 Year - 1 Prod. Add (Bcfe) Cash Flow (MM) 30.00 20 MM 20.00…
  5. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 5
    NFX Remains Top-Tier Cash Flow Growth Company 2012 Cash Flow Growth v. Production Growth NFX CASH FLOW GROWTH PRODUCTION GROWTH Note: Production Growth based on corporate guidance and Wall Street estimates. Cash Flow growth…
  6. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 6
    Estimated Returns by Play* 120.00% 100.00% 80.00% IRR% 60.00% 40.00% 20.00% 0.00% 4 and 80 4 and 70 *Sources: Wells Fargo Securities, LLC estimates and company filings 6
  7. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 7
    Uinta Basin / Play Economics 250 Historic realized oil Green River price: 75-85% of Uteland Butte 200 NYMEX WTI Wasatch 150 BTAX IRR (%) 100 50 0 40 50 60 70 80 90 100 Realized Oil Price (/Bbl) 7
  8. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 8
    Uinta Basin Oil Summary HIGHLIGHTS Altamont / Bluebell Extension of Altamont/ UTAH Horseshoe Bend Bluebell to the North Initially targeted the Central Basin Green River formation Acquisition/ EDA 3 Productive throughout entire…
  9. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 9
    NFXs Uinta Basin Summary Altamont / Bluebell HIGHLIGHTS UTAH Recent Average IP (24-hours): Green River 100 BOEPD Uteland Butte 500 BOEPD Wasatch 1,000 BOEPD Recent 30-Day Average: 6,000 Remaining Green River Uteland Butte 82…
  10. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 10
    Green River Drilling Efficiency Gains Monument Butte 20-Acre Directional Well Days vs Depth 0 Best in Class 2011: GMB O-2-9-17 1,000 2010 Average MB Performance 2011 Average MB Performance 2,000 Measured Depth (ft)…
  11. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 11
    NFX: A Proven Uinta Basin Operator 2.4 3.2 (depth dependent) 2.8 (in millions) 0.9 20-Acre Green River Uteland Butte Wasatch Drilling Completion Facilities NFX Has Drilled 1,500 Wells in the Uinta Basin Vertical…
  12. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 12
    NFX: Hedged For The Future NATURAL GAS Volume Hedged Period MMCF/D Fixed Price 3-Way Collars 65% Rem 2011 335 6.14 4.50 x 5.88x 7.46 55% 2012 278 5.42 4.28 x 5.49 x 6.36 35% 2013 158 5.33 4.04 x 5.44 x 6.48 CRUDE OIL…
  13. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 13
    Williston Basin 2011 Program NORTH DAKOTA WARD 5-Rig Program 40 Total Wells Big Valley 2011 SXL IP Avg (24 hrs) 3,000 BOEPD Westberg Recent XL Well IP Avg (24 hrs) Catwalk 5,200 BOEPD Big Valley Assessment Successful 200%…
  14. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 14
    Granite Wash Granite Wash Daily Production Granite Wash Efficiency Gains 200,000 2500 6000 160,000 2000 5000 4000 / GPI 120,000 1500 GPI 3000 80,000 1000 2000 40,000 500 1000 0 0 0 2008 2009 2010 2011e 2008 2009 2010…
  15. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 15
    Oily Woodford Shale OKLAHOMA 2011 Program 2 Rig Program Its Not Only Dry Gas Drill 12 14 Wells 100 Potential Locations Hughes Results to Date OIL PRONE GAS PRONE 9 Wells On-line to Date Ammo Depot Peak IP 1,200 BOEPD (5…
  16. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 16
    Eagle Ford Shale Goal: Assessment Moving Toward Development in 2012 2011 Program 250 MM Cap-Ex Lower Eagle Ford Focus 30 35 Wells Assess Pearsall and Georgetown Drilling Efficiencies 7 10 Day Drill & Case Avg. Recent Best in Class…
  17. JOHNSON RICE ENERGY CONFERENCE – Newfield Exploration Co. – slide 17
    Southern Alberta Basin BLACKFEET NATION EXPLORATION VENTURE 320,000 Net Acres, NFX Operated MONTANA St. Mary HIGHLIGHTS 320,000 Net Acre Position Cut Bank East Glacier Browning NFX Avg. WI: 74% Prospective…

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