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UBS Houston Energy Bus less Tour – Newfield Exploration Co.

Newfield Exploration Co. · Sep 17, 2015 · 14 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. UBS Houston Energy Bus less Tour – Newfield Exploration Co. – slide 1
    UBS Houston Energy Bus-less Tour September 17, 2015
  2. UBS Houston Energy Bus less Tour – Newfield Exploration Co. – slide 2
    Why invest in Newfield Financial Cash Flow Strength & Certainty Liquidity NFX Best-in-Class Resilient Asset Operator 2
  3. UBS Houston Energy Bus less Tour – Newfield Exploration Co. – slide 3
    Our near-term priorities 1. Preserve our strong balance sheet and liquidity Current Debt/EBITDA = 2.0X 2. Preserve our acreage in the Anadarko Basin HBP remaining acres in STACK/SCOOP 3. Continue to high-grade capital…
  4. UBS Houston Energy Bus less Tour – Newfield Exploration Co. – slide 4
    Strong balance sheet with financial flexibility (as of 6/30/15) Highlights Strong capitalization MM YE 2014A YE 2015E2 1.9 B of pro forma liquidity1 Cash 14 5 Credit facilities 446 130 2.0x debt / Adj EBITDA1 Senior Notes 2,446…
  5. UBS Houston Energy Bus less Tour – Newfield Exploration Co. – slide 5
    Anadarko Basin key messages Our well results in STACK continue to improve We are rapidly production-delineating our acreage Our STACK wells are oil wells We are rapidly lowering our well costs Basin provides potential in…
  6. UBS Houston Energy Bus less Tour – Newfield Exploration Co. – slide 6
    YTD Anadarko Basin SXL well results Avg. Avg. Avg. Avg. Avg. Avg. Avg. Well Type Wells Lateral Gross 30-Day Gross 60-Day Gross 90-Day Length 30-Day Rate Oil % 60-Day Rate Oil % 90-Day Rate Oil % SCOOP Wet Gas 5 7,340 1,451 BOEPD…
  7. UBS Houston Energy Bus less Tour – Newfield Exploration Co. – slide 7
    STACK production delineation continues (30-day avg. rates) 33 Miles JULIE KAY GRUNTMEIR 559 BOEPD CHLOUBER 980 BOEPD DAN CORBIN 916 BOEPD (avg.) 1,138 BOEPD SCHEMMER 561 BOEPD WILLMS 36 Miles 1,006 BOEPD MAYBEL…
  8. UBS Houston Energy Bus less Tour – Newfield Exploration Co. – slide 8
    Tighter frac clusters enhancing STACK oil production 350 STACK SXL oil type curve 80% 46 total STACK SXL wells released to-date 21 STACK SXL wells with tighter frac clusters 300 60% 250 Cumulative Oil Production (MBO)…
  9. UBS Houston Energy Bus less Tour – Newfield Exploration Co. – slide 9
    NFX is in the oil window (30 Day Avg. Oil % 2-Stream) 33 Miles 36 Miles NFX STACK is in the oil window Oil cuts increase from SW to NE Average 30-day production from 46 SXL wells: 80% oil (2-stream) Legend Legend NFX…
  10. UBS Houston Energy Bus less Tour – Newfield Exploration Co. – slide 10
    Anadarko Basin production 70,000 Avg. Daily Production (BOEPD) 60,000 50,000 Gas NGLs Oil 40,000 30,000 2016e 20,000 35% 40% Oil 10,000 25% 0 25% 2013 2014 2015e 2015e Anadarko Basin net production to grow 45% NEW…
  11. UBS Houston Energy Bus less Tour – Newfield Exploration Co. – slide 11
    NFX STACK drilling days continue to improve Spud to TD 10,000 Lateral 60 51 50 40 37 35 33 Days 30 25 21 20 16 12 10 0 NFX 2011 NFX 2012 NFX 2013 NFX 2014 NFX 2015 NFX 2015 NFX 2015 2015 OBO Average Average…
  12. UBS Houston Energy Bus less Tour – Newfield Exploration Co. – slide 12
    Multiple STACK intervals tested NFX Tested Intervals Whole Cores Regional Top Seal 700 Oil Saturated Interval Upper Lower MERAMEC SHALE Reservoir WOODFORD SHALE Source Rocks STACK STACK Woodford SCOOP Williston Eagle…
  13. UBS Houston Energy Bus less Tour – Newfield Exploration Co. – slide 13
    Recent STACK spacing pilots are encouraging Meramec Upper TESTS MRMCU-MRMCU Horizontal Avg. Avg. Avg. Avg. Avg. Avg. Avg. Spacing Spacing Lateral Gross 30-Day Gross 60-Day Gross 90-Day 880 Tests Length 30-Day Rate Oil %…
  14. UBS Houston Energy Bus less Tour – Newfield Exploration Co. – slide 14
    Our near-term priorities 1. Preserve our strong balance sheet and liquidity Current Debt/EBITDA = 2.0X 2. Preserve our acreage in the Anadarko Basin HBP remaining acres in STACK/SCOOP 3. Continue to high-grade capital…

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