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JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co.

Newfield Exploration Co. · Feb 28, 2011 · 17 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. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 1
    J.P. Morgan Global High Yield & Leveraged Finance Conference February 28, 2011 www.newfield.com NYSE: NFX
  2. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 2
    Todays Presentation 1 2010 Proved & Probable Reserves Value Creation Though Oil Investments Transparency of Disclosure (2P) Deep Inventory of Future Locations 2 2011 Capital Budget, Production Guidance Delivering Profitable Growth…
  3. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 3
    2010 - A Recap Strong Production Growth, Within Cash Flow 12% Production Growth, Oil-focused Significant Growth In YE Oil Reserves PV-10 Value Increases 80% to 6.8 B Proved Oil Reserves Grow 20%, Exceed 200 MMBbls Portfolio Model…
  4. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 4
    2010 YE Reserves Proved 3,712 Bcfe Intl 2010 RESERVE HIGHLIGHTS ONGC 6%Intl GO M 9N%GC 6% PV-10 up 80% 3O % 9% 2P Reserves of 6.2 Tcfe GO Mid-Cont. Rockies M 3% 50% Oil 20-year reserve life 32% Gas 30% Mid-Continent Proved…
  5. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 5
    2010 YE Reserves 1P and 2P Disclosure 2009 2010 53% 47% 58% 42% Proved PUD Proved PUD Developed Developed Proved Proved Proved Proved Quality 33% Quality 28% 52% 67% Oil 54% 72% 48% Gas 46% Gas Oil Proved 3,616…
  6. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 6
    Industry to Outspend Cash Flow by 30% 2011-12 Capital Expenditures / Cash Flow Estimates (201112) 5.0x 4.5x 4.0x Proved Quality 3.5x 1.3 1.1 Tcfe Tcfe 201112 Capex / Cash Flow 3.0x 2.5x 2.0x Probable: 2.5 Tcfe…
  7. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 7
    2011 Game Plan 11 Capital Budget 1.7 Billion HIGHLIGHTS: Intl 17% Substantially 100% Allocated to ONGC Mid-Cont. Oil/Liquids Rich Gas Plays 16% 31% Strategy Balances Growth and 2% GOM Profitability Rockies 34% 8-12% Production…
  8. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 8
    Woodford Shale Woodford Play Oily to the West 6 Wells Drilled to Date It s Not Its Not Only Only Dry Dry Gas Gas Peak IP 1,400 BOEPD (5wells) 35% Oil, 41O API gravity Hughes Avg BTU 1,300 OIL PRONE GAS PRONE Production…
  9. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 9
    Eagle Ford Shale PRODUCTION RESULTS, PLANS FOR 2011 TEXAS MAVERICK COUNTY Initial Results (6 LEF wells) ZAVALA COUNTY Avg. 24 hour IP rates 630 BOEPD, and ranged from HK 37 API 400 BOEPD to 900 BOEPD 30 day average: 400 BOEPD l…
  10. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 10
    Why Invest in NFX True Depth A Diverse Asset Portfolio, Experienced Management Real Oil in the portfolio Natural Gas assets largely HBP In Hand Oil/Liquid Assets 100% of 11 Cap-ex to Oil/Liquid Plays Uinta Basin Williston Basin…
  11. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 11
    Hedge Summary* NATURAL GAS Volume Hedged Fixed Period 3-Way Collars MMCF/D Price 1Q11 380 6.30 4.50 x 6.00 x 7.91 2Q11 380 6.30 4.50 x 6.00 x 7.91 70% 3Q11 380 6.30 4.50 x 6.00 x 7.91 4Q11 320 6.03 4.50 x 5.86x 7.37 50% 2012 278…
  12. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 12
    Capitalization Total Capitalization (MM) 12/31/09 12/31/10 Bank Debt 384 135 Senior Notes 175 -- Senior Sub Notes 1,475 2,175 Long Term Debt 2,034 2,310 Total Shareholders' Equity 2,768 3,343 Net Debt (1) / Total Cap 41% 40%…
  13. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 13
    Uinta Basin / Greater Monument Butte Area FOUNDATIONAL OIL ASSET Ute Tribal Expansion iles 183,000 Net Acres, Substantially HBP 4M 2 Billion Barrels OIP (Est. 20% Recovery) 1,500 Producing Wells 2010 Program: 375 Wells (5…
  14. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 14
    Williston Basin NFX LEASEHOLD RECENT NEWFIELD SUCCESSES DIVIDE BURKE 174,000 174,000 Net Net Acres Acres 120,000 net acres currently 120,000 net acres currently BIG BIG VALLEY VALLEY WARD in active Development and in active…
  15. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 15
  16. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 16
    Southern Alberta Basin BLACKFEET NATION EXPLORATION VENTURE 280,000 Net Acres, NFX Operated MONTANA St. Mary HIGHLIGHTS HIGHLIGHTS 280,000 Net Acre Position 280,000 Net Acre Position Cut Bank Browning Blackfeet…
  17. JP MORGAN GLOBAL HIGH YIELD CONFERENCE – Newfield Exploration Co. – slide 17
    Gas Assets HBP CONTROL PACE OF DEVELOPMENT Major Gas Assets HBP Limited drilling required to hold leases Woodford Shale 90% HBP 350 wells drilled to date Oily Woodford play Granite Wash 100% HBP (Stiles Ranch) Economics…

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