Bank of America Merrill Lynch 2017 Global Energy Conference Lee K. Boothby Chairman, President & CEO
Newfield key messages We are focused on value creation A quick look at 3Q17 highlights Anadarko Basin is a world-class resource with top-tier economics Strong recent STACK HBP results across acreage position Moving to full-field…
Newfield is focused on value creation Tomorrows Winners Sustainable Value Creation Premium Inventory Vast, High Quality Resource High-Grade Drilling Inventory 40% + IRR Combination of Returns and Growth Profitable Growth…
3Q17 Highlights 1. We exceeded the mid-point of our 3Q17 net domestic production guidance by 4,650 BOEPD and again raised our 2017 outlook Total Company net production was 161,700 BOEPD (42% oil and 64% liquids) 2. Our Anadarko Basin…
Anadarko Basin
World-class Anadarko Basin resource FORMATION Oswego/Big Newfield has 350,000 net acres in Anadarko Basin PENNSYLVANIAN Lime Multiple liquids-rich geologic horizons Atoka Robust source rock Morrow / Springer Largest and…
Top tier economics Single-Well Breakeven Prices ( / Bbl) 55 40 25 Note: Assumes 10% IRR, based on flat oil price of 50/bbl and gas price of 3/mmbtu Source: Analyst report 7
have sustained basin activity and production growth thru-cycle Horizontal SCOOP / STACK Production Production WTI Price WTI Price Mboe/d Oil Price Drop /Bbl 400 Price stability Lower commodity prices 120 Assessment Investment…
Newfield is moving to full-field development in STACK Executing a comprehensive Meramec pilot program Multiple vertical and horizontal spacing configurations being tested Selective placement across oil and volatile oil fluid…
STACK Freeman & Stark infill wells vs. type curve Stark Pilot Freeman Pilot Freeman pilot (9 infill wells in the Meramec) Average IP30: 1,278 BOEPD (70% oil, 84% liquids) Average IP60: 1,156 BOEPD (67% oil, 83% liquids) Stark pilot…
STACK Velta June infill pilot 12-well spacing pilot in Meramec 4Q17e date of first production Play-leading, advanced technology development pilot: Fiber optics Borehole micro-seismic High resolution pressure monitoring Formation…
SCOOP McClelland & Tina comparison vs. type curve Tina Wells McClelland development (8 infill wells in the Woodford) IP120: 1,465 BOEPD Average IP30: 1,966 BOEPD (36% oil, 70% liquids) Tina development (7 infill wells in the…
NFX is the best-in-class driller Active drilling programs in several basins NFX Williston Avg. Ft/Day vs. Peers allows rapid transfer of lessons learned Constant benchmarking against peers encourages continual improvement…
A catalyst-rich future Sycamore Caney Osage Resource Expansion FORMATION Oswego/Big sometimes the best place to look for a deal is on your PENNSYLVANIAN Lime Atoka own acreage Morrow / Springer Dedicated 100 MM in 2017 to…
Newfield key messages We are focused on value creation Anadarko Basin is a world-class resource with top-tier economics Newfield is best-in-class driller We have a catalyst-rich future (SCORE) 16
Loading...
