B of A / Stephens Conferences November 15, 2011 www.newfield.com NYSE: NFX
Our Focus Today Diversified Portfolio of Assets Capital Discipline: Live within 2011 1.9 Billion Budget Oil Directed Capital Investments Outsized Oil Growth, Modest Declines in Natural Gas Manage for Highest Returns Oil Investments…
Diversified Assets Our Portfolio is a Competitive Advantage Year End 2010 Proved Reserves (3,712 Bcfe) Rocky Appalachia Mountains 25% 75% Conventional Unconventional Mid-Continent Onshore Gulf Coast 2011e Production…
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 10.00 5…
Driving Oil / Liquids Growth Total Company Average Daily Production 60000 600 500 MMCF/D BOPD 40000 400 300 20000 200 2008 2009 2010 2011e Oil (BOPD) Gas (MMCF/D) 5
Williston Basin Highlights 140,000 Net Acres 10 Total Wells Drilled 3Q 24-hour IP Avg (5 wells) 3,900 BOEPD Deferring 16 Completions into 2012 Well Type Wells Average IP 30-day (24-hours) Average 2008-10 33 1679 16713 XL…
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…
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…
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