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BAML ENERGY CONFERENCE – Newfield Exploration Co.

Newfield Exploration Co. · Nov 13, 2012 · 12 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. BAML ENERGY CONFERENCE – Newfield Exploration Co. – slide 1
    Bank of America / Merrill Lynch Energy Conference November 13, 2012 www.newfield.com NYSE: NFX
  2. BAML ENERGY CONFERENCE – Newfield Exploration Co. – slide 2
    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…
  3. BAML ENERGY CONFERENCE – Newfield Exploration Co. – slide 3
    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/Liquids-Rich Basin Thick, Quality Resource…
  4. BAML ENERGY CONFERENCE – Newfield Exploration Co. – slide 4
    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 AUG OCT AUG…
  5. BAML ENERGY CONFERENCE – Newfield Exploration Co. – slide 5
    Key Takeaways 142,000 Net Acres 9,300 BOEPD Net Production 60% Liquids Active Development/Assessment 4-6 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…
  6. BAML ENERGY CONFERENCE – Newfield Exploration Co. – slide 6
    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 First…
  7. BAML ENERGY CONFERENCE – Newfield Exploration Co. – slide 7
    Delivering Exceptional Returns South Cana North Cana (5,000 Lateral) (10,000 Lateral) ROR vs. NGL Price ROR vs. Oil Price 80% 100% 80% 100% 10% 9% 8% 8% 33% 30% 12% 11% 10% 39% 36% 80% 13% 80% % Revenue Contribution %…
  8. BAML ENERGY CONFERENCE – Newfield Exploration Co. – slide 8
    OIL/COND 500 BCPD (27%) SEPARATOR GAS 8.3 MMcf/d (73%) WELLHEAD Wright 1H-9 Cana XL GAS PLANT 5.8 MMcf/d +/- 930 Bbls NGL 5.8/6 + COND + NGLs 960 BOEPD 500 BCPD 930 Bbls 40% 21% 39% 2390 BOEPD 100% * 18,900/day…
  9. BAML ENERGY CONFERENCE – Newfield Exploration Co. – slide 9
    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…
  10. BAML ENERGY CONFERENCE – Newfield Exploration Co. – slide 10
    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…
  11. BAML ENERGY CONFERENCE – Newfield Exploration Co. – slide 11
    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…
  12. BAML ENERGY CONFERENCE – Newfield Exploration Co. – slide 12
    Volume Hedged Weighted-Average Value Value Value Period MMCF/D Fixed Price 2 / MMBtu 3 / MMBtu 4 / MMBtu 4Q 12 336 3.83 44MM 18MM (11MM) 2013 258 4.29 227MM 132MM 29MM 2014 190 3.83 127MM 58MM (8MM) Volume Hedged Value Value…

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