Bank of America Energy Conference November 10, 2015
Recent Highlights Strong execution across the enterprise 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% Domestic oil…
What Differentiates NFX FOCUS 2.5 billion in timely asset sales Hi-grading of capital investments Effective Risk Management Ensured future cash flows through consistent hedging program Capital market transactions in early 2015…
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…
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…
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…
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…
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…
What Differentiates NFX FOCUS 2.5 billion in timely asset sales Hi-grading of capital investments Effective Risk Management Ensured future cash flows through consistent hedging program Capital market transactions in early 2015…