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Q1 2016 Presentation – Newfield Exploration Co.

Newfield Exploration Co. · May 4, 2016 · 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. Q1 2016 Presentation – Newfield Exploration Co. – slide 1
    NFX 1Q16 May 3, 2016 NFX is periodically published to keep stockholders aware of current operating activities at Newfield. It may include estimates of expected production volumes, costs and expenses, recent changes to hedging positions…
  2. Q1 2016 Presentation – Newfield Exploration Co. – slide 2
    Strong 1Q16 results highlight superior execution High-graded capital investments and reduced expenditures to better align with cash flow Balance sheet De-levered and enhanced liquidity through recent equity offering reinforcement…
  3. Q1 2016 Presentation – Newfield Exploration Co. – slide 3
    2016 capital investments YTD Total Company ( in millions) Q1 Q2 Q3 Q4 YTD16 Exploration & development 221 -- -- -- 221 Acquisitions 1 -- -- -- 1 Leasehold 11 -- -- -- 11 Pipeline -- -- -- -- -- Total1 233 -- -- -- 233 2016e…
  4. Q1 2016 Presentation – Newfield Exploration Co. – slide 4
    1Q16 Average production by area Anadarko Williston Uinta Eagle China Production Basin Basin Basin Ford (Liftings) 1 Oil (bopd) 26,341 14,495 13,648 3,747 18,055 NGL (boepd) 20,352 3,956 418 1,989 -- Gas (boepd) 31,718 4,364 2,960…
  5. Q1 2016 Presentation – Newfield Exploration Co. – slide 5
    Anadarko Basin key messages Grew 1Q16 average net production to 78,400 boepd STACK 53% of total domestic production Drilling remains focused on HBP Northern STACK SXL results tracking above type curve 24 wells average 30-day rate:…
  6. Q1 2016 Presentation – Newfield Exploration Co. – slide 6
    Recent NFX northern STACK SXL results continue delineation 3-stream 30-day avg. from 12 NEW northern STACK SXL wells: 1,067 boepd (69% oil & 83% liquids) NEW JR Barton well (9,898) IP30*: 1,480 boepd (76% oil) NEW Helen well…
  7. Q1 2016 Presentation – Newfield Exploration Co. – slide 7
    NFX northern STACK SXL results tracking above type curve Northern STACK SXL actual daily production vs 950 Mboe type curve1 Average daily production (Boepd) Well Boepd Count 30 days 60 days 90 days 24 Northern Wells2 1,057 887 740…
  8. Q1 2016 Presentation – Newfield Exploration Co. – slide 8
    NFX STACK SXL drilling days continue to improve 10,000 Laterals 45 40 39 35 31 30 25 25 Days to TD 21 20 17 15 14 10 8 5 0 2012 2013 2014 2015* 2016YTD* 2016e* BIC* 2 Wells 8 Wells 23 Wells 51 Wells 8 Wells 35…
  9. Q1 2016 Presentation – Newfield Exploration Co. – slide 9
    Industry leading results Williston Basin Skaar Pad (XL wells) Skaar Middle Bakken Average Avg. WI 94% Avg. NRI 76% Lateral length (ft) 4,900 24 IP Rate (Bopd) 2,460 Gross EUR (Mboe) 1 615 % Oil 63% % NGLs 18% Gross CWC ( mm)…
  10. Q1 2016 Presentation – Newfield Exploration Co. – slide 10
    2016e Production, cost and expense guidance Domestic China Total Production Oil (Mmbls) 20.0 20.6 4.5 24.5 25.1 NGLs (Mmbls) 9.2 9.6 -- 9.2 9.6 Natural Gas (Bcf) 125 130 -- 125 130 Total (Mmboe) 50.0 52.0 4.5 54.5 56.5 Expenses ( mm)1…
  11. Q1 2016 Presentation – Newfield Exploration Co. – slide 11
    2Q16e Production, cost and expense guidance Domestic China Total Production Oil (Mmbls) 5.0 5.2 1.4 6.4 6.6 NGLs (Mmbls) 2.5 2.8 -- 2.5 2.8 Natural Gas (Bcf) 33 -- 33 Total (Mmboe) 13.0 13.5 1.4 14.4 14.9 Expenses ( mm)1 LOE2 50 14 64…
  12. Q1 2016 Presentation – Newfield Exploration Co. – slide 12
    Oil hedging details as of 04/29/16 2016 Activity: 62 Permatized remainder of max- 59.59 Effective Realized Price (/bbl) 58.96 60 payout structures (3-way collars 58 55.84 55.63 and swaps + short puts) for time 55.21 56 53.76…
  13. Q1 2016 Presentation – Newfield Exploration Co. – slide 13
    Oil hedging details as of 04/29/16 WEIGHTED-AVERAGE PRICE VOLUME SWAPS W/ SHORT PURCHASED COLLARS W/ SHORT PERIOD SWAPS (BBL/D) PUTS1 CALLS2 PUTS3 0 33,000 73.48/89.97 1Q 2016 7,000 68.64 17,000 75.00/90.00-96.30 8,700 42.23…
  14. Q1 2016 Presentation – Newfield Exploration Co. – slide 14
    Oil hedging details as of 04/29/16 WEIGHTED-AVERAGE PRICE VOLUME SWAPS W/ SHORT PURCHASED COLLARS W/ SHORT PERIOD SWAPS (BBL/D) PUTS1 CALLS2 PUTS3 17,000 45.43 15,000 73.73/89.23 1Q 2017 28,000 74.29 13,000 75.00/90.00-95.52…
  15. Q1 2016 Presentation – Newfield Exploration Co. – slide 15
    Oil hedging details as of 04/29/16 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…
  16. Q1 2016 Presentation – Newfield Exploration Co. – slide 16
    Gas hedging details as of 04/29/16 WEIGHTED-AVERAGE PRICE VOLUME PERIOD SWAPS COLLARS (MMBTU/D) 50,000 3.39 1Q 2016 30,000 4.00 - 4.54 2Q 2016 30,000 4.00 - 4.54 3Q 2016 30,000 4.00 - 4.54 4Q 2016 30,000 4.00 - 4.54…
  17. Q1 2016 Presentation – Newfield Exploration Co. – slide 17
    Gas hedging details as of 04/29/16 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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