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Capital One 2016 Energy Conference – Newfield Exploration Co.

Newfield Exploration Co. · Dec 8, 2016 · 17 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. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 1
    Prepared to Win, Again Capital One 2016 Energy Conference December 8, 2016 New Orleans, LA
  2. Capital One 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. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 3
    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 Deep,…
  4. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 4
    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…
  5. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 5
    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…
  6. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 6
    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 6
  7. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 7
    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;…
  8. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 8
    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)…
  9. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 9
    Newfield STACK Completion Evolution Consistent completion designs over first 30 wells in play during early delineation / HBP Regional optimization delivering additional positive results driving top-tier returns Enhanced…
  10. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 10
    Eastern Acreage: Completion Evolution Delineation HBP Optimization Future 3,000 1,600 1,009 BOEPD 1,400 2,500 91% liquids 1,200 2,000 Prop/ft & Gal/ft 150-Day BOEPD 1,000 1,500 634 BOEPD 800 476 BOEPD 2,300 600…
  11. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 11
    Northern Acreage: Completion Evolution Delineation HBP Optimization Future 3,000 1,600 1,002 BOEPD 1,400 2,500 82% liquids 1,200 2,000 Prop/ft & Gal/ft 150-Day BOEPD 1,000 831 BOEPD 787 BOEPD 1,500 800 2,400 600…
  12. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 12
    Central Acreage: Completion Evolution Delineation HBP Optimization Future 3,000 1,800 1,333 BOEPD 1,600 2,500 75% liquids 1,400 2,000 1,200 Prop/ft & Gal/ft 150-Day BOEPD 996 BOEPD 859 BOEPD 1,000 1,500 800 2,400…
  13. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 13
    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…
  14. Capital One 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. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 15
    STACK Pilots Advancing Development Understanding Seven operators infilling sections Testing up to four landing zones and up to 19 wells in a single DSU 15 infill pilots in various stages of drill and complete Six infill DSUs…
  16. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 16
    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…
  17. Capital One 2016 Energy Conference – Newfield Exploration Co. – slide 17
    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…

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