Newfield Exploration UBS Global Oil and Gas Conference May 18 -21, 2015
Todays agenda 2015 Priorities 1Q15 Highlights Anadarko Basin Recent Anadarko Basin Well Results STACK update 2Q15 Outlook Summary 2
Our 2015 priorities Preserve strong capital structure and ample liquidity High-grade capital investments Cut CAPEX 40% YOY Allocate 70% of budget to the Anadarko Basin Balance capital spending and cash flow Drive cost savings…
1Q15 Company highlights Strong Y-o-Y domestic, liquids and total company production growth1 Domestic production +21% 1Q15 NET PRODUCTION (MMBOE) Domestic liquids production +26% Oil 5.85 Total production +28% Total liquids…
Large, Foundational Oil-Rich Resource Base YE 2014 Net unrisked Gross proved drilling identified Net reserves resource potential Domestic Areas acres (MMBOE) (MMBOE)1 locations1 Anadarko Basin Hz 295,000 181 1,829 5,446 Uinta Basin…
Our gas to oil ratio (GOR) assumptions for STACK are being validated 100 66vertical verticalwells, wells,average averageGOR GOR Averageof Average of44oldest oldest STACK STACK wells wells Jan 2015type STACK TC curve GOR…
High initial oil volumes in STACK accelerate payout, enhance ROR 350 80% 300 Cumulative Oil Production (MBO) 60% 250 200 150 100 Oil EUR for 30-year life-of-well is 400 MBO (total EUR 950 MBOE) with 60% produced in…
STACK economics 1st year production OIL - 110 MBO (71%) SEPARATOR GAS - 265 MMcf (29%) WELLHEAD (10,000 lateral) 950 MBOE type curve well GAS PLANT 210 MMcf NGLs +/- 144 Bbls/MMcf 210/6 + NGLs + Oil 35 MBOE 38 MBNGL 110…
Initial STACK spacing pilots TEST 1 TEST 2 TEST 3 TEST 4 WDFD-WDFD MRMC-MRMC MRMC-MRMC MRMC-WDFD Horizontal Spacing 1,200 880 880 1,050 Spacing Vertical 175 400 Average production performing in-line with our STACK type…
What to look for in 2Q15 Strong 2Q15 domestic, liquids and total company production growth1 Domestic production up 5% Q-o-Q and 11% Y-o-Y Domestic liquids productionup 8% Q-o-Q and 19% Y-o-Y Total production up 7% Q-o-Q and 21% Y-o-Y…
Newfield ExplorationA Leading E&P Company Demonstrated Performance Large, Foundational Oil-Rich Resource Base Core Position in World-Class Anadarko Basin Financial Strength and Flexibility 13