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Q2 2013 UPDATE – Newfield Exploration Co.

Newfield Exploration Co. · Jul 24, 2013 · 15 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. Q2 2013 UPDATE – Newfield Exploration Co. – slide 1
    TABLE OF CONTENTS Operating Highlights 2 Cana Woodford 4 Uinta Basin 7 Williston Basin 8 Eagle Ford 9 Guidance 10 Hedge Summaries 12 Operating Update Second Quarter 2013 July 24, 2013 NFX is periodically published to keep…
  2. Q2 2013 UPDATE – Newfield Exploration Co. – slide 2
    OPERATING HIGHLIGHTS: PRODUCTION, CAPITAL AND LIQUIDITY: NET AVG. PRODUCTION BY REGION 2Q13 domestic liquids production With YTD outperformance in multiple areas, we (BOEPD) increased 17% over 1Q13. Domestic oil raised our 2013…
  3. Q2 2013 UPDATE – Newfield Exploration Co. – slide 3
    NET AVG. PRODUCTION BY AREA (BOEPD) 1Q13 2Q13 3Q13e Uinta Cana Williston Eagle Ford Uinta 21,360 22,500 25,000 120 Cana 14,400 16,400 18,500 Williston 9,800 11,800 11,800 100 100 Eagle Ford 5,300** 7,500 8,500 TOTAL 50,860 58,200…
  4. Q2 2013 UPDATE – Newfield Exploration Co. – slide 4
    NET AVG. PRODUCTION (BOEPD) OKLAHOMA 1Q13 1Q13 1Q13 2Q13 2Q13 2Q13 Oil NGLs Gas Oil NGLs Gas 3,500 4,600 6,300 4,000 4,800 7,600 HIGHLIGHTS: Production in the Cana YTD is exceeding original forecasts. Average quarterly production…
  5. Q2 2013 UPDATE – Newfield Exploration Co. – slide 5
    NFX YTD /Gross Perforated Interval (GPI) decreased by 20% from 2012 average NFX YTD increased lateral lengths nearly 35% from 2012 average 2,977 3,000 2012 2013 YTD 9,000' Averages Averages 8,000' 2,500 7,150' 7,000' 2,095…
  6. Q2 2013 UPDATE – Newfield Exploration Co. – slide 6
    Recent Performance vs. Type Curves 1600 South Wet Gas (6,150') 1400 South Oil (9,000') South Wet Gas Actuals* 1200 South Oil Actuals* 1000 BOEPD 800 600 400 200 0 0 200 400 600 Days Online 6
  7. Q2 2013 UPDATE – Newfield Exploration Co. – slide 7
    NET AVG. PRODUCTION (BOEPD) 1Q13 1Q13 1Q13 2Q13 2Q13 2Q13 Oil NGLs Gas Oil NGLs Gas 15,990 810 4,560 16,330 670 5,500 HIGHLIGHTS: Continued drilling efficiencies being achieved in Greater Monument Butte Unit. Increased average…
  8. Q2 2013 UPDATE – Newfield Exploration Co. – slide 8
    NET AVG. PRODUCTION (BOEPD) 1Q13 1Q13 1Q13 2Q13 2Q13 2Q13 Oil NGLs Gas Oil NGLs Gas 7,320 940 1,540 9,100 1,000 1,700 HIGHLIGHTS: Completed well costs YTD in the Williston are 9.1 MM, including 0.9 MM in facilities and artificial…
  9. Q2 2013 UPDATE – Newfield Exploration Co. – slide 9
    NET AVG. PRODUCTION (BOEPD)*** 1Q13 1Q13 1Q13 2Q13 2Q13 2Q13 Oil NGLs Gas Oil NGLs Gas 3,200 900 1,200 4,100 1,600 1,800 HIGHLIGHTS: We are actively developing the West Asherton field, located in Dimmit County, Texas. We have…
  10. Q2 2013 UPDATE – Newfield Exploration Co. – slide 10
    2012* 2013e 2014e 2015e Domestic Production: Oil (MMBO) 11.1 13.5 14.5 16.8 19.0 20.6 25.3 NGLs (MMBbls) 2.3 4.8 4.9 7.2 8.0 6.9 8.5 Natural Gas (BCF) 140 122 125 114 132 112 136 Domestic Total (MMBOE) 36.8 38.6 40.2 43.0 49.0 46.0…
  11. Q2 2013 UPDATE – Newfield Exploration Co. – slide 11
    *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 now considered as discontinued…
  12. Q2 2013 UPDATE – Newfield Exploration Co. – slide 12
    Volume/day WeightedAverage Price Swaps w/ Short Collars w/ Short Period Bbls Swaps Collars Puts Puts1 3,000 88.57 3Q 2013 10,000 75/97.49 24,700 80/95114.77 2,300 91.10 4Q 2013 10,000 75/97.49 27,700 80/95115.59 15,000…
  13. Q2 2013 UPDATE – Newfield Exploration Co. – slide 13
    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…
  14. Q2 2013 UPDATE – Newfield Exploration Co. – slide 14
    Volume/day WeightedAverage Price Swaps w/ Short Collars w/ Short Period MMBtus Swaps Collars Puts Puts 3Q 2013 270,000 4.371 223,600 4.291 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…
  15. Q2 2013 UPDATE – Newfield Exploration Co. – slide 15
    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 3Q…

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