Skip to main content Q3 2013 UPDATE – Newfield Exploration Co. Investor Presentation | Shale Experts
Loading...
Pm

Q3 2013 UPDATE – Newfield Exploration Co.

Newfield Exploration Co. · Nov 4, 2013 · 26 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. Q3 2013 UPDATE – Newfield Exploration Co. – slide 1
    TABLE OF CONTENTS Operating Highlights 2 Anadarko Basin 4 Uinta Basin 16 Williston Basin 19 Eagle Ford 20 Guidance 21 Hedge Summaries 23 Operating Update Third Quarter 2013 November 4, 2013 NFX is periodically published to…
  2. Q3 2013 UPDATE – Newfield Exploration Co. – slide 2
    OPERATING HIGHLIGHTS: PRODUCTION, CAPITAL AND LIQUIDITY: NET AVG. PRODUCTION BY REGION 3Q13 domestic liquids production increased 2013 estimated net production increased for (BOEPD) 9% over 2Q13. Liquids comprised about half second time…
  3. Q3 2013 UPDATE – Newfield Exploration Co. – slide 3
    NET AVG. PRODUCTION BY AREA In February 2013, we presented a three-year plan. Today, we have year (BOEPD) one largely behind us and we have even greater confidence in our ability to hit our corporate level targets. In doing so, we…
  4. Q3 2013 UPDATE – Newfield Exploration Co. – slide 4
    EXECUTION INVENTORY Proven operating team 225,000 net acres Track record of value creation Multiple pay horizons More than a decade of Decade-plus of drilling experience in Oklahoma inventory FAVORABLE GROWTH ENVIRONMENT 175%…
  5. Q3 2013 UPDATE – Newfield Exploration Co. – slide 5
    It is a new oil resource play STACK combines the Meramec and Woodford Shales Meramec is 275 475 thick We are developing 700 of oil saturated column 225,000 net acres in the Anadarko Basin It combines multiple, stacked geologic…
  6. Q3 2013 UPDATE – Newfield Exploration Co. – slide 6
    225,000 total net acres: Woodford Plays 170,000 net acres prospective for the Woodford STACK 150,000 net acres 150,000 net acres prospective for the Meramec Meramec Play SCOOP 75,000 net acres Recent Acreage…
  7. Q3 2013 UPDATE – Newfield Exploration Co. – slide 7
    STACK North STACK SCOOP South Proved concept CHESTER SHALE Tested SXL wells in Upper (Regional Topseal) 700 of Oil Saturated Interval Woodford & Upper Meramec MERAMEC 2014 STACK Plan Assess SYCAMORE Lower Lower Meramec…
  8. Q3 2013 UPDATE – Newfield Exploration Co. – slide 8
    NET AVG. QUARTERLY PRODUCTION (BOEPD) 3Q13 4Q13e 1Q14e Oil 5,500 6,600 7,600 Gas 10,200 11,700 14,500 NGLs 6,500 7,500 9,400 Total 22,200 25,800 31,500 50 40 MBOEPD (net) 30 20 10 0 *Includes SCOOP and STACK;…
  9. Q3 2013 UPDATE – Newfield Exploration Co. – slide 9
    Kretchmar 1H-2W NFX Wells Bredel 1H-5X 1054 IP BOEPD (79% Oil) Operated Results YTD: 1137 BOEPD (71% Oil) Klade 1H-3X 7 producing wells (avg. 93% WI) 1000 BOEPD (90% Oil) 900 BOEPD IP (83% Oil) Brueggen 1H-2X 926 BOEPD (91% Oil)…
  10. Q3 2013 UPDATE – Newfield Exploration Co. – slide 10
    Depth (ft) 8,000 11,000 Lateral Length (ft) 9,000 2013 Average Working Interest, Play Avg. 94%, 59% 2013 Average Net Revenue Interest, Play Avg. 76%, 48% Gross Development Well Cost (MM) 9 - 13 Operated Drilling Program (Wells…
  11. Q3 2013 UPDATE – Newfield Exploration Co. – slide 11
    800 STACK (7 wells) 700 Type Curve (9,000') 600 Actuals 500 BOEPD 400 300 200 100 0 0 200 400 600 Days Online 11
  12. Q3 2013 UPDATE – Newfield Exploration Co. – slide 12
    Highlights: 45,000 net acres in Woodford oil Move to pad drilling in 2014 Sublette 1H-22 1081 BOEPD (52% Oil) Recent wells outperforming type curve Tina 1H-26X 1855 BOEPD (47% Oil) Operated Results YTD: Campbell 1H-36X 1431…
  13. Q3 2013 UPDATE – Newfield Exploration Co. – slide 13
    Highlights: 30,000 net acres in Woodford Wet Gas Active pad development Improved results by reducing perforation Gregory 1H-28 1688 BOEPD (35% Oil) cluster spacing…
  14. Q3 2013 UPDATE – Newfield Exploration Co. – slide 14
    SCOOP Wet Gas SCOOP Oil Depth (ft) 14,000 16,000 12,000 14,000 Lateral Length (ft) 5,000 7,500 9,000 2013 Average Working Interest, Play Avg. 66%, 27% 91%, 47% 2013 Average Net Revenue Interest, Play Avg. 53%, 22% 74%, 38% Total…
  15. Q3 2013 UPDATE – Newfield Exploration Co. – slide 15
    2000 2000 SCOOP Wet Gas (10 wells) SCOOP Oil (7 Wells) 1600 1600 1200 1200 BOEPD BOEPD 800 800 400 400 0 0 0 200 400 600 0 200 400 600 Days Online Days Online Wet Gas Type Curve (6,150) Oil Type Curve (9,000) Wet…
  16. Q3 2013 UPDATE – Newfield Exploration Co. – slide 16
    NET AVG. PRODUCTION (BOEPD) 2Q13 2Q13 2Q13 3Q13 3Q13 3Q13 Oil NGLs Gas Oil NGLs Gas 16,330 670 5,500 17,700 800 4,600 YTD HIGHLIGHTS: Proven, efficient drilling operation at Greater Monument Butte Unit; waterflood enhanced…
  17. Q3 2013 UPDATE – Newfield Exploration Co. – slide 17
    1,000,000 Scheduled refinery turnaround 900,000 Unscheduled refinery downtime 800,000 Moved 250,000 barrels via rail Total Gross Storage Level, Bbls 700,000 600,000 500,000 400,000 300,000 Unscheduled refinery downtime…
  18. Q3 2013 UPDATE – Newfield Exploration Co. – slide 18
    Uteland Butte UB HZ TARGET Wasatch 1,400 - Oil Saturated Sandstones, Dolomites, & Limestones WSTC 10 HZ TARGET 1 Mile 150 250 WSTC 15 HZ TARGET 425 WSTC 28 HZ TARGET 325 250 WSTC 30+ HZ TARGET Red…
  19. Q3 2013 UPDATE – Newfield Exploration Co. – slide 19
    NET AVG. PRODUCTION (BOEPD) 2Q13 2Q13 2Q13 3Q13 3Q13 3Q13 Oil NGLs Gas Oil NGLs Gas 9,100 1,000 1,700 9,900 1,200 2,300 YTD HIGHLIGHTS: Gross completed well costs YTD in the Williston are 8.7 MM, including 0.8 MM in facilities and…
  20. Q3 2013 UPDATE – Newfield Exploration Co. – slide 20
    NET AVG. PRODUCTION (BOEPD) 2Q13 2Q13 2Q13 3Q13 3Q13 3Q13 Oil NGLs Gas Oil NGLs Gas 4,100 1,600 1,800 4,600 1,600 2,000 YTD HIGHLIGHTS: We are actively developing West Asherton, located in Dimmit County, Texas. 26 wells drilled…
  21. Q3 2013 UPDATE – Newfield Exploration Co. – slide 21
    2012* 2013e 2014e** 2015e** Domestic Production: Oil (MMBO) 11.1 14.0 16.8 - 19.0 20.6 - 25.3 NGLs (MMBbls) 2.3 5.2 7.2 - 8.0 6.9 - 8.5 Natural Gas (BCF) 140 125 114 - 132 112 - 136 Domestic Total (MMBOE) 36.8 40.0 43.0 49.0 46.0…
  22. Q3 2013 UPDATE – Newfield Exploration Co. – slide 22
    *Our cost and expense guidance is shown on a unit of production basis. Note that the information is presented SEPARATELY for our domestic and international businesses. Our international operations are considered as discontinued operations…
  23. Q3 2013 UPDATE – Newfield Exploration Co. – slide 23
    Volume/day Weighted-Average Price Swaps w/ Short Collars w/ Short Period Bbls Swaps Collars Puts2 Puts1 2,300 91.10 4Q 2013 10,000 75/97.49 27,700 80/95-115.59 15,000 89.60 1Q 2014 16,000 75/95.16 6,000 75.83/90.83-102.93…
  24. Q3 2013 UPDATE – Newfield Exploration Co. – slide 24
    The following table details the expected impact to pre-tax income (in millions, except prices) from the settlement of our derivative contracts, outlined on the previous slide, at various NYMEX oil prices. Oil Prices Period 70 80 90…
  25. Q3 2013 UPDATE – Newfield Exploration Co. – slide 25
    Volume/day Weighted-Average Price Swaps w/ Short Collars w/ Short Period MMBtus Swaps Collars Puts Puts 223,600 4.341 4Q 2013 75,0002 3.00/3.75 - 4.75 235,000 3.98 1Q 2014 65,000 3.75 - 4.62 235,000 3.98 2Q 2014 65,000 3.75 -…
  26. Q3 2013 UPDATE – Newfield Exploration Co. – slide 26
    The following table details the expected impact to pre-tax income (in millions, except prices) from the settlement of our derivative contracts, outlined on the previous slide, at various NYMEX gas prices. Gas Prices Period 2 3 4 5…

From the store

Browse maps, data & reports in the Shale Experts store