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Jefferies 2017 Energy Conference – Newfield Exploration Co.

Newfield Exploration Co. · Nov 28, 2017 · 12 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. Jefferies 2017 Energy Conference – Newfield Exploration Co. – slide 1
    Jefferies 2017 Energy Conference Lee K. Boothby Chairman, President & CEO
  2. Jefferies 2017 Energy Conference – Newfield Exploration Co. – slide 2
    Key Messages 1. Focused on value creation 2. Solid capital structure 3. Cash flow per share growth 4. Margin expansion 5. Best-in-class execution 6. Premier resource inventory in World-class Anadarko Basin 7. Moving to…
  3. Jefferies 2017 Energy Conference – Newfield Exploration Co. – slide 3
    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…
  4. Jefferies 2017 Energy Conference – Newfield Exploration Co. – slide 4
    Solid capital structure 1.8 bn unsecured credit facility maturing 2020 2.3 bn of total liquidity No fixed debt maturities until 2022 Weighted average fixed debt maturity of 6 years at 4.3% YTM1 Net debt / adj EBITDA2 Fixed debt…
  5. Jefferies 2017 Energy Conference – Newfield Exploration Co. – slide 5
    Cash flow per share growth outpacing oil prices Cash flow per share growth outpacing WTI led by increased oil production1 Mbopd Disc CFPS WTI ( / bbl) 1.50 80 1.30 65.5 60 1.00 54.6 0.86 48 40 0.50 33 20 0.00 - Q1'16…
  6. Jefferies 2017 Energy Conference – Newfield Exploration Co. – slide 6
    Anadarko Basin driving NFX margin expansion Margin LOE Transportation & Prod tax1 NFX asset margin Anadarko asset margin / boe / boe 30 30 28 25 20 19 23 19 4 5 2 2 6 5 4 5 2015 YTD 2017 2015 YTD 2017 % Anadarko…
  7. Jefferies 2017 Energy Conference – Newfield Exploration Co. – slide 7
    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…
  8. Jefferies 2017 Energy Conference – Newfield Exploration Co. – slide 8
    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…
  9. Jefferies 2017 Energy Conference – Newfield Exploration Co. – slide 9
    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 9
  10. Jefferies 2017 Energy Conference – Newfield Exploration Co. – slide 10
    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…
  11. Jefferies 2017 Energy Conference – Newfield Exploration Co. – slide 11
    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…
  12. Jefferies 2017 Energy Conference – Newfield Exploration Co. – slide 12
    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…

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