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3Q14 OPERATIONS UPDATE – Newfield Exploration Co.

Newfield Exploration Co. · Oct 28, 2014 · 22 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. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 1
    NFX 3Q 14 U pdate O ctober28,2014 N FX isperiodically published tokeepstockholdersaw areofcurrentoperatingactivitiesatN ew field.Itm ay includeestim ates ofexpected productionvolum es,costsand…
  2. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 2
    T ableofContents Highlights 3 P roductionby FocusArea 4 FocusAreaU pdates 5 AnadarkoBasin 6 U intaBasin 13 W illistonBasin 14 S um m ary ofW ellR esults 15 Guidance 16 DerivativeP ositionS um m aries 17 A llfinancialand…
  3. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 3
    Highlights 3Q 14 production exceedsguidancem id-pointby 3Q 14 P roduction by P roduct 0.5 M M BO E 3Q 14 cashflow from operations:321 M M ;3Q 14 adjusted netincom e:72 M M 44% 56% FY14eproduction estim ated toreach upper-end of…
  4. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 4
    P roductionby FocusA rea 140 EagleFord 120 W illiston 105 M BO EP D Anadarko* 100 U inta M BO EP D (net) 80 60 T obeupdatedin Feb.2015 40 20 0 *IncludesS CO O P andS T A CK;ExcludesGraniteW ash ** Com pany…
  5. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 5
    O utperform inginEachFocusA rea Focus 2013 2014 O riginal 2014 Final Delta % Change Y-o-Y A rea P roduction Guidance Guidance Grow th (M M BO E) (M M BO E) (M M BO E) (M M BO E) A nadarko 7.2 14.3 14.8 0.5 3% 106% Basin U inta 8.2…
  6. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 6
    A nadarkoBasin* Increased acreageto275, 000 net Anadark oDai l yProduc tion* acres L iqui ds Gas 50, 000 15% productiongrow thover2Q 14 40, 000 and 100% over3Q 13 ) net 30, 000 BOEPD( 20% liquidsgrow th…
  7. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 7
    S T A CK P roduction-Delineation Continues Johnisthefurtheststep- outw ellto-datetothe northw est John 821BOEPD IP30-dayavg. (84% Oil) Connie& Freem anare thefirstM eram ec Connie 935BOEPD IP30-dayavg. S T ACKed vertical (87%…
  8. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 8
    S T A CK VerticalS pacingT est S T ACKVerticalS pacingT est ConnieW ell(U pperM eram ec) 935 BO EP D IP 30-day avg.(87% oil) Freem an W ell(L ow erM eram ec) 680 BO EP D IP 30-day avg.(85% oil) S paced 275 vertically in M eram ec…
  9. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 9
    S T A CK W ellP erform ance 18 w ellsplotted against 800 S T A CK T ypeCurve 30 typecurve 700 10,090 averagelateral T ypeCurve(9, 000) 25 length 600 Actual W ellCount 20 500 W ellCount BO EP D 400 15 300 10 200 5…
  10. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 10
    S CO O P O ilW ellP erform ance 25 w ellsplotted against S CO O P O ilT ypeCurves typecurve 2, 000 30 8,120 averagelateral 1, 800 T ypeCurve(8, 900) length 25 1, 600 Actual N EW Briar 1, 400 W ellCount 20 developm ent(4 S…
  11. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 11
    S CO O P W etGasW ellP erform ance 32 w ellsplotted S CO O P W etGasT ypeCurve againsttypecurve 1, 800 35 6,011 averagelateral 1, 600 T ypeCurve(5, 900) length Actual 30 1, 400 W ellCount 25 1, 200 W ellCount BO EP D…
  12. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 12
    S pringerS haleS trengthensS CO O P Inventory Addsinventory toHBP S outhS CO O P acreage U pto150 thick Highly siliceous,organicrich High perm eability and porosity O ver-pressured R ecentoperated w ell: Jarred (4, 850 lateral)…
  13. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 13
    U intaBasin Forecasting15% YoY grow thin14;(up Ui ntaDai l yProduc tion 800,000 BO Efrom originalforecast) L iqui ds Gas 30, 000 S X L drillingcam paigninCentralBasin deliveringencouragingresults ) net 20, 000…
  14. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 14
    W illistonBasin 8% productiongrow thover2Q 14 and Wi l li st onDai l yProduc tion 45% over3Q 13 L iqui ds Gas 20, 000 YT D S X L saverage7.5 M M (including facilities) 15, 000 ) net BOEPD( Full-field developm…
  15. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 15
    YT D S um m ary ofW ellR esults Avg. Avg. Avg. Avg. W ellT ype W ells GrossIP Gross Gross Gross (24-Hours) 30-Day R ate 60-Day R ate 90-Day R ate S CO O P W etGasS X L 5 2, 006 BO EP D 1, 615 BO EP D 1, 646 BO EP D 1, 550 BO EP D…
  16. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 16
    P roduction,Cost& ExpenseGuidance1 2014e 3Q 14 4Q 14e P roduction: O il(M M BO ) 18.4 4.8 5.0 N GL s(M M Bbls) 8.0 2.2 2.1 N aturalGas(BCF) 126 33.7 29.4 T otal(M M BO E) 47.4 12.72 12.02 T otalL O E (M M ) 483 126 127 P roduction…
  17. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 17
    O ilHedgingDetailsasof10/28/14 Volum e/day W eighted-A verageP rice S w apsw / S hort Collarsw / S hort P eriod Bbls S w aps Collars P uts2 P uts1 23,000 89.94 4Q 2014 16,000 75.00/95.16 6, 000 75.83/90.83-102.93 8, 000…
  18. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 18
    O ilHedgingDetailsasof10/28/14 Volum e/day W eighted-A verageP rice S w apsw / S hort Collarsw / S hort P eriod Bbls S w aps Collars P uts2 P uts1 33, 000 73.48/89.97 1Q 2016 17, 000 75.00/90.00-96.30 27, 000 74.44/89.99 2Q…
  19. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 19
    O ilHedgingDetailsasof10/28/14 T hefollow ingtabledetailstheexpectedim pacttopre-tax incom e(inm illions,exceptprices)from thesettlem entofourderivativecontracts, outlinedonthepreviousslide,atvariousN YM EX oilprices. O ilP rices P…
  20. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 20
    GasHedgingDetailsasof10/28/14 Volum e/day W eighted-AverageP rice S w apsw / S hort Collarsw / S hort P eriod M M Btus S w aps Collars P uts P uts 221,700 3.97 4Q 2014 65, 000 3.75 -4.62 135, 000 4.28 1Q 2015 105, 000 3.93…
  21. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 21
    GasHedgingDetailsasof10/28/14 T hefollow ingtabledetailstheexpectedim pacttopre-tax incom e(inm illions,exceptprices)from thesettlem entofourderivativecontracts, outlinedonthepreviousslide,atvariousN YM EX gasprices. GasP rices P eriod…
  22. 3Q14 OPERATIONS UPDATE – Newfield Exploration Co. – slide 22
    Forw ardL ookingS tatem entsand R elated M atters T hispresentation containsforw ard-looking statem entsw ithin the m eaning ofS ection 27A ofthe S ecuritiesA ct of1933,asam ended,and S ection 21E ofthe S ecuritiesExchange A ct…

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