Skip to main content Q2 2016 Presentation – Newfield Exploration Co. | Shale Experts
Loading...
Pm

Q2 2016 Presentation – Newfield Exploration Co.

Newfield Exploration Co. · Aug 2, 2016 · 22 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. Q2 2016 Presentation – Newfield Exploration Co. – slide 1
    NFX 2Q16 August 2, 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…
  2. Q2 2016 Presentation – Newfield Exploration Co. – slide 2
    Strong 2Q16 results highlight superior execution Expands industry-leading footprint in STACK Significant overlap with NFX legacy acreage Closed STACK acquisition Additional exposure to the volatile oil window More than 90% of the…
  3. Q2 2016 Presentation – Newfield Exploration Co. – slide 3
    2016 YTD Capital investments Total Company ( in millions) Capital Expenditures: Q1 Q2 Q3 Q4 YTD16 Exploration & development 221 146 -- -- 367 Leasehold 11 14 -- -- 25 Pipeline -- -- -- -- -- Total Capital Expenditures1 232 160 --…
  4. Q2 2016 Presentation – Newfield Exploration Co. – slide 4
    2016 Capital investment & production guidance reconciliation Original May 5th & August 2nd NEW Guidance June 21st Update Guidance Updates Acquisition & Activity -- 402 503,4 90 MM Capital Investments Guidance 625 675 675 -- 700…
  5. Q2 2016 Presentation – Newfield Exploration Co. – slide 5
    2Q16 Average production by area Anadarko Williston Uinta Eagle China Production Basin Basin Basin Ford (Liftings) 1 Oil (bopd) 28,242 12,857 13,154 3,088 17,901 NGL (boepd) 23,538 4,187 505 1,868 -- Gas (boepd) 31,921 3,711 2,687…
  6. Q2 2016 Presentation – Newfield Exploration Co. – slide 6
    Anadarko Basin highlights NEW Raised average STACK SXL type STACK curve 15% to 1.1 Mmboe1(40% oil & 70% liquids) on legacy acreage in Kingfisher and Canadian counties Grew 2Q16 average net production 53% Y-o-Y to 83,701 boepd or…
  7. Q2 2016 Presentation – Newfield Exploration Co. – slide 7
    Average STACK SXL type curve increased NEW STACK SXL type curve STACK SXL type curve Boepd Lateral length (ft) 10,000 1,200 Gross EUR (Mboe)1 1,100 Up 15% from previous average of 950 Mboe % Oil 40% 1,000 % NGLs 30% 2016…
  8. Q2 2016 Presentation – Newfield Exploration Co. – slide 8
    Industry leading returns NEW STACK SXL type curve Economics at flat prices Lateral length (ft) 10,000 Gross CWC ( mm)2 Pre-tax ROR 5.0 5.5 6.0 160% Gross EUR (Mboe)1 1,100 % Oil 40% % NGLs 30% 6.5 2016 estimates 120% 7.0 YTD…
  9. Q2 2016 Presentation – Newfield Exploration Co. – slide 9
    Recent strong STACK SXL performance Wittrock SXL well1 Stark SXL well Raptor X pilot (4 wells) IP24*: 1,831 boepd (84% liquids) See slide 10 IP24 rate: 2,113 boepd (79% liquids) Stangl SXL well IP30 rate: 1,745 boepd (79% liquids)…
  10. Q2 2016 Presentation – Newfield Exploration Co. – slide 10
    STACK spacing pilot on-line NEW 1 Raptor-X Pilot 880 spacing per interval 4 wells1 in same interval, now on-line and cleaning up Well 1 IP24: 1,713 boepd (79% liquids) Well 2 IP24: 1,413 boepd (83% liquids) Well 3 IP24: 1,497 boepd…
  11. Q2 2016 Presentation – Newfield Exploration Co. – slide 11
    STACK SXL vs XL wells Maybel SXL (10,054 lateral) IP30 rate: 1,668 boepd (86% liquids) IP60 rate: 1,592 boepd (82% liquids) IP90 rate: 1,484 boepd (79% liquids) 1 year cum production: 345 Mboe Carol XL (4,660 lateral) IP30 rate:…
  12. Q2 2016 Presentation – Newfield Exploration Co. – slide 12
    STACK Water Infrastructure - Preparing for Development Since 2012 we have invested over 50 million to install Over 65 miles of dual 12 pipelines Over 2.5 Mmbbls of produced water storage Over 4.5 Mmbbls of freshwater storage SWD…
  13. Q2 2016 Presentation – Newfield Exploration Co. – slide 13
    Solid capital structure 1.8 bn unsecured credit facility maturing 2020 No fixed debt maturities until 2022 Net debt / adj EBITDA1 Fixed debt maturity schedule millions 2.1x 1.9x 1.9x 1,000 750 700 No maturities for 6…
  14. Q2 2016 Presentation – Newfield Exploration Co. – slide 14
    Appendix
  15. Q2 2016 Presentation – Newfield Exploration Co. – slide 15
    2016e Production, cost and expense guidance Domestic China Total Production Oil (Mmbls) 21.1 5.0 26.1 NGLs (Mmbls) 10.3 -- 10.3 Natural Gas (Bcf) 134 -- 134 Total (Mmboe) 53.0 54.5 5.0 58.0 59.5 Expenses ( mm)1 LOE2 196 55 251…
  16. Q2 2016 Presentation – Newfield Exploration Co. – slide 16
    3Q16e Production, cost and expense guidance Domestic China Total Production Oil (Mmbls) 5.3 0.8 6.1 NGLs (Mmbls) 2.6 -- 2.6 Natural Gas (Bcf) 34 -- 34 Total (Mmboe) 13.5 13.7 0.8 14.3 14.5 Expenses ( mm)1 LOE2 52 10 62 Transportation3…
  17. Q2 2016 Presentation – Newfield Exploration Co. – slide 17
    Oil hedging details as of 07/28/16 WEIGHTED-AVERAGE PRICE VOLUME SWAPS W/ SHORT PURCHASED COLLARS W/ SHORT PERIOD SWAPS (BBL/D) PUTS1 CALLS2 PUTS3 37,000 41.84 27,000 74.44/90.03 3Q 2016 43,000 73.76 16,000 75.00/90.00-95.98…
  18. Q2 2016 Presentation – Newfield Exploration Co. – slide 18
    Oil hedging details as of 07/28/16 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…
  19. Q2 2016 Presentation – Newfield Exploration Co. – slide 19
    Oil hedging details as of 07/28/16 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…
  20. Q2 2016 Presentation – Newfield Exploration Co. – slide 20
    Gas hedging details as of 07/28/16 WEIGHTED-AVERAGE PRICE VOLUME PERIOD SWAPS COLLARS (MMBTU/D) 200,000 2.28 3Q 2016 30,000 4.00 - 4.54 200,000 2.28 4Q 2016 30,000 4.00 - 4.54 75,000 2.73 1Q 2017 110,000 2.71 - 3.12 75,000…
  21. Q2 2016 Presentation – Newfield Exploration Co. – slide 21
    Gas hedging details as of 07/28/16 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…
  22. Q2 2016 Presentation – Newfield Exploration Co. – slide 22
    Non-GAAP reconciliation of Adjusted EBITDA Twelve Months Ended December 31, June 30, ( in millions) 2014 2015 2016 Net Income 900 (3,362) (3,181) Adjustments to derive EBITDA: Interest expense, net of capitalized interest 147 131…

From the store

Browse maps, data & reports in the Shale Experts store