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Jefferies 2016 Energy Conference – Newfield Exploration Co.

Newfield Exploration Co. · Nov 29, 2016 · 16 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. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 1
    Prepared to Win, Again Jefferies 2016 Energy Conference November 29-30, 2016 Houston, Texas NFX is periodically published to keep stockholders aware of current operating activities at Newfield. It may include estimates of expected…
  2. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 2
    2016Priorities and YTD Actions Priorities Actions 1 Maintain strong balance sheet Reduced capex, high graded investments, cut costs & expenses 2 HBP STACK leasehold Active drilling substantially holds legacy acreage by production…
  3. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 3
    So, Why own Newfield today Track Record: Did itcan do it again Weathered commodity price cycles History of finding and developing valuable plays Proven operator Asset Quality The Anadarko Basin provides premium returns TODAY…
  4. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 4
    2017Preparing to Win Maintain strong balance sheet Use cash on hand to accelerate adding SCOOP/STACK rigs late 2016/early 2017 Maintain strong coverage ratios Maintain options in period of commodity price uncertainty Continue to…
  5. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 5
    Whats New at Newfield Raised production guidance throughout 16 Expect to beat original guidance by 3.5 MMBOE, or seven percent Full-year capital investment plan: 750 million Continued to reduce LOE and G&A 50 million compared to…
  6. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 6
    Geneses of the STACK 2008 DVN 4 Newfield - Rock Island 1 lithology & oil shows Cana Hz Gas Disc. 2012 NFX State 1H-16 STACK Hz Oil Disc. 2011 6 NFX Rock Island 1H-14 4 STACK Hz Oil Disc. 2012 NFX Faith 1H-12 2005 1st NFX…
  7. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 7
    SCOOP/STACK Offer Optionality Across Position W E E W Crude API 60 40 SW NE NE SW Crude API 60 40 Newfield dominant position overlaps extensive liquids window 7
  8. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 8
    STACK Petroleum System Newfield STACK Position (60 Miles) A A MISSISSIPPIAN LUDWIG / RAPTOREX / CHESTER SHALE DOROTHY CHLOUBER Regional Top Seal 700 Oil Saturated Interval Upper Lower MERAMEC SHALE OSAGE Reservoir…
  9. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 9
    Recent Activity Moves to Liquids-Rich STACK Rock Island 1H-14 Initial 2008 State1H-16 discovery Pre-2013 2013/2014 2015-current Newfield Operated Newfield net acreage Woodford is the primary source rock in Oklahoma;…
  10. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 10
    STACK Delineated by Top-Tier Performance Across Large Footprint Alta Mesa / CHK Gill 1H-4X (SXL) Robinson-Payday16-1H (XL) JR Barton 1H-28X (SXL) Harrison 1H-29X (SXL) Miss/Oswego IP30*: 1,408 boepd (64% oil) IP24: 910 boepd (55% oil)…
  11. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 11
    Newfield Legacy Acreage Delineated and Ready for Development Top-tier Newfield well JR Barton 1H-28X (SXL) IP30*: 1,480 boepd (76% oil) Harrison 1H-29X (SXL) IP30*: 1,437 boepd (82% oil) performance has successfully delineated…
  12. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 12
    Newfield: Strong Record of Growth in Anadarko Basin 3Q16 average net production: 93,402 BOEPD (61% liquids) 100 80 NGL Production 60 MBOEPD Oil 40 Production 20 Gas Production 0 2011 2012 2013 2014 2015…
  13. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 13
    STACK Operational Improvements Enhance Returns Newfield Drilling Evolution (10,000 lateral length) 1 Industry Completions Evolution 2 40 39 2,500 Fluid (lbs/ft) Proppant (gal/ft) 35 31 2,000 30 25 25 1,500 21 20 Days to…
  14. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 14
    Preparing for Full Field Development 700 of section could allow for up to 30 development wells per DSU Testing tighter vertical and lateral well spacing 60 250 feet vertically, 660 1,050 feet laterally Up to 4 layers in Meramec,…
  15. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 15
    Newfield Marketing Adds Differential Value NGLS TO CONWAY OIL ON PIPE FROM CASHION TO CUSHING Quality product: 400 600 API Premium realized prices, STACK Oil gathered & accessing preferred markets piped to Cushing; ANR, gas…
  16. Jefferies 2016 Energy Conference – Newfield Exploration Co. – slide 16
    Key Takeaways SCOOP and STACK are premier plays Delineated and benefitting from multiple industry partners Consistent and exciting results across vast area Price resilient at low commodity prices, top-tier industry returns today…

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