J.P. Morgan Inaugural Energy Conference Lee K. Boothby June 2016
Todays presentation What defines a winner in E&P Recent results highlight superior execution Anadarko Basin Premier US Basin NFX Highlights NFX remains a catalyst-rich story 2
What Defines a Winner in E&P Contiguous leasehold Landing zone targeting Proven core fairway Optimized completions Multi-zone and downspacing Type curve uplift / increased potential EURs Best rock / Improving well footprint…
Recent results highlight superior execution Expands industry-leading STACK acreage footprint to 265,000 net acres (50% avg. WI) 1 Announced strategic STACK Significant overlap with NFX legacy acreage acquisition More than 90% of the…
Anadarko has differentiated Itself as a Premier US Basin Relative change in daily production by basin1 190% Permian +83% SCOOP/STACK +75% 170% 150% Active rigs by basin: Permian 125 130% Anadarko 49 Eagle Ford 30…
Anadarko Basin highlights Grew 2Q16e average net production to STACK 83,000 boepd 56% of estimated total domestic production Drilling remains focused on HBP New eastern STACK SXL results tracking in-line with 950 Mboe type…
Continued strong STACK SXL well performance NEW Helen SXL well New Eastern STACK SXL results IP24*: 1,548 boepd (89% liquids) 6.2MM CWC (including facilities) 4 NEW wells average rate: IP24: 1,213 boepd (87% liquids) IP30 rate:…
STACK continues to outperform 950 Mboe type curve 1 500,000 Includes 98 total wells 120 4 wells on-line for 1,000 days 450,000 100 400,000 350,000 80 300,000 Well Count BOE 250,000 60 200,000 40 150,000 100,000…
2016 STACK SXL well spacing pilot Recently spud Chlouber Pilot 1,050 spacing per interval 175 spacing vertically 5 wells per interval 10 total wells per section STACK NFX net acreage CHK acquisition acreage Planned…
NFX: A catalyst-rich story Leading acreage position in premier Anadarko Basin Strong execution across the enterprise Improving cost structure Deep drilling portfolio capable of future growth STACK transition to full-field…