UBS Houston Energy Bus-less Tour Gary D. Packer September 2016
YTD Highlights STACK acquisition expanded industry-leading footprint Refined Significant overlap with legacy acreage, additional exposure to volatile oil window portfolio Announced agreement to sell Eagle Ford and South Texas assets…
Improving organizational cost structure Total Domestic Cash Costs & G&A (/BOE) Refined portfolio and high- 25 grading of investments 21.20 improve cash costs 20 Reduced LOE 17.00 15.63 Consolidation of workforce 15 improves G&A…
NFX: Building on a strong foundation 17 planning principles 2017 BUSINESS PLAN Capital Investments 2017 Activity Levels Business Plan Growth and Returns PLANNING PRINCIPLES Align Cash Flow & Cash Flow & HBP vs Development…
YTD Anadarko Basin highlights Raised average STACK SXL type curve STACK 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…
Anadarko Basin Large Footprint Rapid Production Growth 400,000 35 30 300,000 25 Net Acres MMBOE 20 200,000 15 100,000 10 5 0 0 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016e Total Company LOE Deep Resource,…
STACK spacing pilot on-line 1 Raptor-X Pilot 880 spacing per interval 4 wells1 in same interval IP24 average: 1,501 boepd (82% liquids) NEW IP30 average: 1,203 boepd (80% liquids) NEW IP60 average: 1,147 boepd (80% liquids) Testing…
STACK Water Infrastructure - Preparing for Development Since 2012, NFX has invested 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…
Solid capital structure provides optionality 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…
Summary Today Tomorrow 1 Effectively addressing todays 1 Attractive Capital Structure challenges 2 STACK development efficiencies, 2 Growing/leading in the Anadarko ability to ramp activity Basin Proven management team, track…