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3 2015 Update – Newfield Exploration Co.

Newfield Exploration Co. · Nov 3, 2015 · 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. 3 2015 Update – Newfield Exploration Co. – slide 1
    NFX 3Q15 Update November 3, 2015
  2. 3 2015 Update – Newfield Exploration Co. – slide 2
    Table of Contents 3Q15 Highlights 3 YTD Capital Investments 4 YTD Domestic Production & Expenses 5 3Q15 Production by Area 6 Anadarko Basin 7 Recent Well Results 8 Guidance 9 Derivative Position Summaries 11 Forward Looking…
  3. 3 2015 Update – Newfield Exploration Co. – slide 3
    3Q15 Company highlights 3Q15 net domestic production exceeds guidance mid-point by 0.4 MMBOE Strong Y-o-Y domestic, liquids and total company production growth1 Domestic production +10% 3Q15 NET PRODUCTION (MMBOE) Domestic oil…
  4. 3 2015 Update – Newfield Exploration Co. – slide 4
    YTD 2015 capital investments Total Company ( in millions) Q1 Q2 Q3 YTD Exploration, exploitation & development 346 274 253 873 Acquisitions -- -- 125 125 Leasehold 29 48 60 137 Pipeline 2 1 -- 3 Total1 377 323 438 1,138 1.4B…
  5. 3 2015 Update – Newfield Exploration Co. – slide 5
    Domestic production & expenses moving in the right direction 1Q15 1Q15 2Q15 2Q15 3Q15 3Q15 % Guidance Actuals Guidance Actuals Guidance Actuals 1Q15 Production (BOEPD) 1 128,889 130,187 135,165 137,197 135,870 140,309 8% Expenses…
  6. 3 2015 Update – Newfield Exploration Co. – slide 6
    3Q15 Average production by area Anadarko Uinta Williston Eagle China Production Basin Basin1 Basin Ford (Liftings) 1 Oil (BOPD) 22,110 16,118 13,360 4,946 15,522 NGL (BOEPD) 18,360 644 3,130 2,696 -- Gas (BOEPD) 27,140 3,744 3,404…
  7. 3 2015 Update – Newfield Exploration Co. – slide 7
    Anadarko Basin key messages Anadarko Basin production exceeding expectations STACK 3Q15 production averaged 67,610 BOEPD (2,100 BOEPD above expectations) 4Q15e average production raised to 74,000 BOEPD (original guidance: 68,000…
  8. 3 2015 Update – Newfield Exploration Co. – slide 8
    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…
  9. 3 2015 Update – Newfield Exploration Co. – slide 9
    2015e Production, cost and expense guidance Domestic China Total Production Oil (Mmbls) 21.3 5.3 26.6 NGLs (Mmbls) 8.5 -- 8.5 Natural Gas (Bcf) 123 -- 123 Total (Mmboe) 50.0 50.5 5.3 55.3 55.8 Expenses ( mm)1 LOE2 250 58 308…
  10. 3 2015 Update – Newfield Exploration Co. – slide 10
    4Q15e Production, cost and expense guidance Domestic China Total Production Oil (Mmbls) 5.5 1.3 6.8 NGLs (Mmbls) 2.3 -- 2.3 Natural Gas (Bcf) 32 -- 32 Total (Mmboe) 13.0 13.4 1.3 14.3 14.7 Expenses ( mm)1 LOE2 65 16 81 Transportation…
  11. 3 2015 Update – Newfield Exploration Co. – slide 11
    Oil hedging details as of 10/30/15 Effective WTI Hedge Price: Q415 Effective WTI Hedge Price: 2016 100.00 100.00 95.00 Intrinsic Value 95.00 Intrinsic Value 90.00 87.8 MM 90.00 240.1 MM 85.00 85.00 Realized Price Realized…
  12. 3 2015 Update – Newfield Exploration Co. – slide 12
    Oil hedging details as of 10/30/15 Volume/day Weighted-Average Price Swaps w/ Short Collars w/ Short Period Bbls Swaps Purchased Calls2 Puts1 Puts3 1,000 90.00 4Q 2015 46,500 71.12/90.08 2,000 75.00/90.00-104.00 33,000…
  13. 3 2015 Update – Newfield Exploration Co. – slide 13
    Oil hedging details as of 10/30/15 Volume/day Weighted-Average Price Swaps w/ Short Collars w/ Short Period Bbls Swaps Purchased Calls2 Puts1 Puts3 15,000 73.73/89.23 1Q 2017 19,000 74.21 13,000 75.00/90.00-95.52 10,000…
  14. 3 2015 Update – Newfield Exploration Co. – slide 14
    Oil hedging details as of 10/30/15 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 oil…
  15. 3 2015 Update – Newfield Exploration Co. – slide 15
    Gas hedging details as of 10/30/15 Effective NG Hedge Price: Q415 Effective NG Hedge Price: 2016 6.00 6.00 Intrinsic Value Intrinsic Value 5.50 5.50 40.5 MM 19.7 MM 5.00 5.00 Realized Price Realized Price 4.50 Hedged Price…
  16. 3 2015 Update – Newfield Exploration Co. – slide 16
    Gas hedging details as of 10/30/15 Volume/day Weighted-Average Price Swaps w/ Short Collars w/ Short Period MMBtus Swaps Collars Puts Puts 151,800 4.14 4Q 2015 105,000 3.93 - 4.74 50,000 3.39 1Q 2016 30,000 4.00 - 4.54 2Q…
  17. 3 2015 Update – Newfield Exploration Co. – slide 17
    Gas hedging details as of 10/30/15 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…

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