Scotia Howard Weil Energy Conference March 27 28, 2017 Lee K. Boothby Chairman, President & CEO
Why Own Newfield Today The Anadarko Basin is Premier Large, contiguous acreage position Consistent (and improving) results across a large geographic area Premium returns TODAY Development mode is driving efficiencies NFX has a…
Todays Key Takeaways Substantially all D&C capital allocated to the Anadarko Basin NFXs STACK is best positioned to deliver decades of high return drilling NEW Burgess 1H-18 STACK XL well sets record 24-hour and 20- day average oil…
Anadarko Basin Update STACK Running 4-5 rigs during 2017 Transitioning to infill development Testing upsized completions & downspacing Testing strategic exploration STACK opportunities SCOOP Running 3-5 rigs during 2017…
STACK Results from Recent Upsized Completions 200 Cum Production vs Days 15 Burgess 1H-18 Record Oil Well 85% liquids 60% oil 150 Upsized Completion Well Count 10 85% liquids 70% oil MBOE 100 5 50 0 0…
Upsized Completions Enhancing STACK Oil Production 500 400 80% Cumulative Oil Production, MBO 300 60% 200 Payout in 1.75 years2 100 STACK type curve Oil EUR is 470 MBO with 60% production in the first 5 years…
SCOOP Woodford Development Learnings a Proxy for STACK Progress Check Points Results from 2014 17e Increased Woodford Well Understand Well Spacing Density by 33 66% Increased Woodford Optimize Completion Design Completion Design…
Domestic Growth Outlook Domestic Production (MBOEPD) Anadarko Basin Production (MBOEPD) 190 210 170 180 150 - 160 150 170 35% 138 125 135 105 115 35% Gas 88 65% Gas 65% Liquids Liquids 4Q161 4Q17e 4Q18e 4Q19e 4Q16 4Q17e…
Solid Capital Structure 1.8 bn unsecured credit facility maturing 2020 2.4 bn of total liquidity No fixed debt maturities until 2022 Weighted average fixed debt maturity of 7 years at 4.9% YTM1 Company goal: to maintain Net Debt /…
Why Own Newfield Today The Anadarko Basin is Premier Large, contiguous acreage position Consistent (and improving) results across a large geographic area Premium returns TODAY Development mode is driving efficiencies NFX has a…