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Capital One Securities SCOOP and STACK Day – Newfield Exploration Co.

Newfield Exploration Co. · Nov 29, 2016 · 22 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 Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 1
    All the SCOOP about the STACK Capital One Securities SCOOP/STACK Day November 28-29, 2016
  2. Capital One Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 2
    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…
  3. Capital One Securities SCOOP and STACK Day – 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 Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 4
    Newfields Shift to Liquids was Catalyzed by the Financial Crisis Commodity prices since 2000 Natural gas focused Oil focused WTI Henry Hub Newfield begins leasing in Anadarko Basin Newfield suspends drilling in Arkoma…
  5. Capital One Securities SCOOP and STACK Day – 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 Securities SCOOP and STACK Day – 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 Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 7
    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…
  8. Capital One Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 8
    World-class Anadarko Basin Resource FORMATION Oswego/Big Newfield has 350,000 net acres in Anadarko Basin, PENNSYLVANIAN Lime prospective in multiple liquids-rich geologic horizons Atoka Robust source rock Morrow / Largest and…
  9. Capital One Securities SCOOP and STACK Day – 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. Capital One Securities SCOOP and STACK Day – 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. Capital One Securities SCOOP and STACK Day – 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. Capital One Securities SCOOP and STACK Day – 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. Capital One Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 13
    Operational Improvements Continue to Enhance Returns Newfield Drilling Evolution (10,000 lateral length) 1 Industry Completions Evolution 2 40 39 2,500 Fluid (gals/ft) Proppant (lbs/ft) 35 31 2,000 30 25 25 1,500 21 20 Days…
  14. Capital One Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 14
    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…
  15. Capital One Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 15
    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…
  16. Capital One Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 16
    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…
  17. Capital One Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 17
    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…
  18. Capital One Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 18
    Anadarko Basin has Top-Tier Returns Select single well IRRs per equity research Newfield IRRs1 50% 75% 48% 45% 60% 42% 37% 35% 34% 33% 32% 27% 27% 24% 21% 16% 12% 11% 6% 5% 4% Eagle Ford Wolfcamp Miss Lime…
  19. Capital One Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 19
    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…
  20. Capital One Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 20
    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,…
  21. Capital One Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 21
    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…
  22. Capital One Securities SCOOP and STACK Day – Newfield Exploration Co. – slide 22
    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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