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2017 UBS Bus less Tour – Newfield Exploration Co.

Newfield Exploration Co. · Sep 13, 2017 · 11 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. 2017 UBS Bus less Tour – Newfield Exploration Co. – slide 1
    2017 UBS Bus-less Tour Larry S. Massaro Exec. Vice President & CFO
  2. 2017 UBS Bus less Tour – Newfield Exploration Co. – slide 2
    2Q17 Key Messages What You Need to Know 1. On-track to deliver our 3-year plan for double-digit CAGR in production at strip prices 2. STACK pilots are projecting above our 1.1 MMBOE EUR1 TC 3. Rapidly advancing key learnings related…
  3. 2017 UBS Bus less Tour – Newfield Exploration Co. – slide 3
    Stark Meramec Pilot Showing Positive Results 9 infill wells in the Meramec production strong after 60 days Average IP24: 1,500 BOEPD (71% oil, 85% liquids) Average IP30: 1,211 BOEPD (65% oil, 82% liquids) NEW Average IP60: 1,202 (65%…
  4. 2017 UBS Bus less Tour – Newfield Exploration Co. – slide 4
    Velta June Pilot Advancing Development Learnings 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…
  5. 2017 UBS Bus less Tour – Newfield Exploration Co. – slide 5
    Dorothy Pilot Outperforming TC After 200 Days After 200 days, cumulative production from Dorothy infill Dorothy Pilot wells is significantly above 1,100 MBOE TC Average IP30: 1,244 BOEPD (64% oil, 81% liquids) Current GEN17…
  6. 2017 UBS Bus less Tour – Newfield Exploration Co. – slide 6
    Eastern STACK Wells Projecting Above TC Continue to deliver TC or greater results across vast acreage position Average of 3 recent Eastern HBP wells projecting above 1,100 MBOE TC Average IP24: 1,647 BOEPD (66% oil, 82% liquids)…
  7. 2017 UBS Bus less Tour – Newfield Exploration Co. – slide 7
    SCOOP 2017 Infills Show Productivity Gains Tina Infill Wells Optimized completions, tighter density improve economics IP30: 1,708 BOEPD 17% increase in IP30 avg. rates 25% decrease in completed well costs 2X increase in completion…
  8. 2017 UBS Bus less Tour – Newfield Exploration Co. – slide 8
    Williston Basin: Continued Improvements, Expanding Inventory After nearly 200 wells, NFX continues to show performance Williston improvements in development phase Malm Pad Improvements in completion designs enhancing economics IP24:…
  9. 2017 UBS Bus less Tour – Newfield Exploration Co. – slide 9
    2017 Capital investments YTD Total Company ( in millions) Capital Expenditures: Q1 Q2 Q3 Q4 FY17 Exploration & development 186 271 -- -- 457 Leasehold 30 24 -- -- 54 Pipeline -- 1 -- -- 1 Total Capital Expenditures1 216 296 -- --…
  10. 2017 UBS Bus less Tour – Newfield Exploration Co. – slide 10
    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 4.8% YTM1 Net debt / adj EBITDA2 Fixed debt…
  11. 2017 UBS Bus less Tour – Newfield Exploration Co. – slide 11
    2Q17 Key Messages What You Need to Know 1. On-track to deliver our 3-year plan for double-digit CAGR in production at strip prices 2. STACK pilots are projecting above our 1.1 MMBOE EUR1 TC 3. Rapidly advancing key learnings related…

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