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IPAA TIPRO – Newfield Exploration Co.

Newfield Exploration Co. · Nov 9, 2016 · 15 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. IPAA TIPRO – Newfield Exploration Co. – slide 1
    All the SCOOP About the STACK IPAA/TIPRO Gary D. Packer Chief Operating Officer Newfield Exploration Company November 9, 2016
  2. IPAA TIPRO – Newfield Exploration Co. – slide 2
    Who is Newfield Williston Basin Independent E&P company headquartered in 18,000 BOEPD The Woodlands, Texas Founded in 1988; IPO 1993 Traded on NYSE as NFX Uinta Basin 15,000 BOEPD 1.5B in annual revenues 509 MMBOE proved…
  3. IPAA TIPRO – Newfield Exploration Co. – slide 3
    Whats New at Newfield 2016 was a strong year of performance Raised production guidance every quarter in 2016 Expect to beat original 16 plan by 3.5 MMBOE or seven percent Domestic LOE per BOE anticipated to be down 20% YOY…
  4. IPAA TIPRO – Newfield Exploration Co. – slide 4
    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…
  5. IPAA TIPRO – Newfield Exploration Co. – slide 5
    Newfields Shift to Liquids was Catalyzed by the Financial Crisis Commodity prices since 2000 WTI Price Gas Price (/Bbl) Natural gas focused Oil focused (/Mmbtu) 160 16.00 140 WTI Henry Hub 14.00 120 NFX begins leasing in Anadarko…
  6. IPAA TIPRO – Newfield Exploration Co. – slide 6
    Shifting from Arkoma to Anadarko 2008 DVN Cana Hz Gas Disc. 2012 Meramec NFX State 1H-16 STACK Hz Oil Disc. Woodford 2011 6 NFX Rock Island 1H-14 4 STACK Hz Oil Disc. STACK Arkoma Anadarko Basin Net Acreage (000s) SCOOP…
  7. IPAA TIPRO – Newfield Exploration Co. – slide 7
    Identifying and Understanding the World-class Anadarko Basin Understanding Play Fairway with Regional, Bottoms up Analysis Goddard Shale Characterize and map the key elements regionally Springer Sands Petrophysical model tied to core…
  8. IPAA TIPRO – Newfield Exploration Co. – slide 8
    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…
  9. IPAA TIPRO – Newfield Exploration Co. – slide 9
    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…
  10. IPAA TIPRO – Newfield Exploration Co. – slide 10
    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% Spraberry Granite Piceance…
  11. IPAA TIPRO – Newfield Exploration Co. – slide 11
    Resulting in Meaningful Share Price Outperformance 80% NFX announces 15 SCOOP wells and 11 STACK wells above type curve NFX to invest 80% of capital 60% NFX invested 700 mm in in the Anadarko Basin NFX acquires 70K STACK Anadarko…
  12. IPAA TIPRO – Newfield Exploration Co. – slide 12
    Validated by Industry Results and Investor Interest Active play consolidation Devon acquires Felix for 2 billion Marathon acquires Payrock for 900 million Newfield acquires CHK acreage for 470 million Industry consistently raising…
  13. IPAA TIPRO – Newfield Exploration Co. – slide 13
    Operational Improvements Continue to Enhance Returns NFX Drilling Evolution Industry Completions Evolution 40 39 2,500 Fluid (gals/ft) Proppant (lbs/ft) 35 31 2,000 30 25 25 1,500 21 20 Days to TD 17 1,000 15 10 8…
  14. IPAA TIPRO – Newfield Exploration Co. – slide 14
    Operators Preparing for Development with Density Pilots Newfield Pilots Select Industry pilots Infill Activity Highlights Seven operators infilling sections Testing up to three landing zones and up to 19 wells in a single DSU…
  15. IPAA TIPRO – Newfield Exploration Co. – slide 15
    Key Takeaways SCOOP and STACK among hottest plays in U.S. Increasing rig activity Resilient economics at low oil prices Deep and growing visible inventory Commodity diversity across hydrocarbon phase envelope Transition to STACK…

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