Skip to main content Bank of America Energy Conference – Newfield Exploration Co. Investor Presentation | Shale Experts
Loading...
Pm

Bank of America Energy Conference – Newfield Exploration Co.

Newfield Exploration Co. · Nov 16, 2016 · 14 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. Bank of America Energy Conference – Newfield Exploration Co. – slide 1
    Prepared to Win, Again Bank of America Energy Conference November 16-17, 2016 Miami, Florida NFX is periodically published to keep stockholders aware of current operating activities at Newfield. It may include estimates of expected…
  2. Bank of America 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. Bank of America 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. Bank of America 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. Bank of America Energy Conference – Newfield Exploration Co. – slide 5
    The Anadarko Basin has Led Newfields Transformation Then Now Diversified asset base Focused asset base Conventional Unconventional Natural gas-weighted production Oil-weighted production inventory Limited drilling inventory…
  6. Bank of America Energy Conference – Newfield Exploration Co. – slide 6
    SCOOP/STACK Offer Optionality Across Position W E E W STACK STACK Crude API 60 40 Pressure Grad. .85 .42 Depth (K feet) 16 7.5 SW NE NE SCOOP SCOOP SW Crude API 60 40 Pressure Grad. .55 .45 Meramec…
  7. Bank of America Energy Conference – Newfield Exploration Co. – slide 7
    Anadarko Basin highlights Grew 3Q16 average net production 38% Y-o-Y to record 93,402 boepd or 60% of total domestic production Strong results from both SXL and XL wells across legacy fairway Raptor-X pilot (4 wells) IP120 averaged…
  8. Bank of America Energy Conference – Newfield Exploration Co. – slide 8
    Recent strong STACK SXL performance Raptor-X SXL pad (4 wells) 1 Castonguay SXL well IP24: 1,843 boepd (89% liquids) Harrison SXL well IP24 rate: 1,501 boepd (82% liquids) IP24: 1,511 boepd (82% liquids) IP30 rate: 1,203 boepd (80%…
  9. Bank of America Energy Conference – Newfield Exploration Co. – slide 9
    Recent strong STACK XL performance Dorothy XL well Dorothy XL well IP24: 1,322 boepd (90% liquids) Ruhl XL well IP24 rate: 1,322 boepd (90% liquids) IP24: 1,525 boepd (74% liquids) IP30 rate: 1,175 boepd (87% liquids) IP60 rate:…
  10. Bank of America Energy Conference – Newfield Exploration Co. – slide 10
    Operational Improvements Continue to 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…
  11. Bank of America Energy Conference – Newfield Exploration Co. – slide 11
    SCOOP / STACK Production Growing Rapidly Active rigs by basin: Horizontal SCOOP / STACK Production Permian 169 Mboe/d Anadarko 57 300 Eagle Ford 35 Bakken 28 250 200 Oil Production 150 100 Gas Production 50 Excludes…
  12. Bank of America Energy Conference – Newfield Exploration Co. – slide 12
    Provides Some of the Best Industry Returns Select single well IRRs per equity research 75% NFX IRRs1 50% 60% 48% 45% 42% 37% 35% 34% 33% 32% 27% 27% 24% 21% 16% 12% 11% 6% 5% 4% Marcellus Piceance…
  13. Bank of America Energy Conference – 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 1.9x 1.9x 1.9x 1,000 750 700 No maturities for 5+…
  14. Bank of America Energy Conference – Newfield Exploration Co. – slide 14
    Key Takeaways SCOOP and STACK among hottest plays in U.S. Increasing activity levels Resilient economics at low oil prices Deep and growing visible inventory NFX transition to STACK development creating efficiencies Lower…

From the store

Browse maps, data & reports in the Shale Experts store