Skip to main content Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. Investor Presentation | Shale Experts
Loading...
Pm

Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co.

Newfield Exploration Co. · Mar 26, 2018 · 27 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. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 1
    Scotia Howard Weil 46th Annual Energy Conference Lee K. Boothby Chairman, President & CEO
  2. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 2
    NFX is Positioned to be an E&P Winner We have: Operational Scale and Quality Assets Capital Discipline and Self- Sustaining Growth Strong Margins, Debt-Adjusted Growth A Proven Track Record of Execution 2
  3. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 3
    3YR Plan Objectives Our Focus is Clear Returns Focused Strong Margins, Returns and Development Plan Debt-Adjusted Growth1 Near-term drilling focused Improved well IRR (50% Strong Margins, on highest returns Returns Focused Returns…
  4. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 4
    High-Graded STACK Development Drives 3YR Plan Investing: STACK 3YR Plan Well Profile 300 4.2 billion of capital investments 250 thru 2020E3 CUMULATIVE MBOE 200 90% allocated to D&C (drill and 150 complete) 100 400 operated…
  5. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 5
    Domestic Production Growth Sustained growth within cash flow Projecting 16 MMBOE increase in production relative to original 3YR Plan 225-250 195-215 MBOEPD 170-183 1825 1625 152 144 2017A 2018E 2019E 2020E…
  6. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 6
    Anadarko Basin Growth Nearly 550 operated wells will be placed on production during 3YR Plan Potential to grow production 75-100 MBOEPD over next three years Oil volume annualized growth estimated at 25-30% through 3YR Plan…
  7. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 7
    STACK Driving Anadarko Basin Growth STACK now accounts for 50% of total Anadarko Basin production Anadarko Basin growth driven by STACK development in 3YR Plan STACK oil production expected to more than double by 2020 STACK liquids*…
  8. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 8
    Anadarko Basin Driving Value 1,000,000 total net effective reservoir acres6 Plan to complete 140-160 wells in 2018 80% of total D&C 20-25% estimated production growth YOY 25-30% estimated oil growth YOY Continued focus on…
  9. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 9
    Williston Basin Delivering Free Cash Flow Utilized on-anticline learnings to expand development to off-anticline infills Over 200 additional locations to develop 65 wells drilled in 3YR Plan 90-100 million FCF generated in 2018…
  10. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 10
    Strong Cash Flow Profile & Debt-Adjusted Growth Estimated Cash Flow v. CAPEX Estimate3 2,500 2,000 1,500 1,000 500 MM 0 (500) 1,155 1,300 1,400 1,500 (1,000) (1,500) (2,000) 2017A 2018E 2019E 2020E CAPEX 55/2.85…
  11. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 11
    Yes, We See the Elephant in the Room ISSUES & ANSWERS: Lackluster 4Q17 vs 4Q18 Anadarko Basin oil growth (7%) YOY oil growth up 20% 3Q18 pops in high BOE/high gas pads shift 4Q18 mix. Pads have 50-80% est. IRR1 10% reduction in…
  12. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 12
    Appendix
  13. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 13
    2018 Annual Guidance DOMESTIC GUIDANCE 2017 ACTUAL 2018 ESTIMATES PRODUCTION Oil (mbopd) 61.2 74 NGL (mbopd) 31.7 35 Gas (mmcfpd) 356.5 408 Total (mboepd) 152.2 170 - 183 EXPENSES (/BOE) LOE 3.47 3.43 Transportation* 5.40 5.09…
  14. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 14
    2018 Basin Annual Guidance 2018 BASIN GUIDANCE ANADARKO WILLISTON UINTA ARKOMA PRODUCTION Oil (mbopd) 42 14 16 0 NGL (mbopd) 31 4 0 0 Gas (mmcfpd) 291 20 16 79 Total (mboepd) 116 - 128 20 - 23 18 - 21 12 - 14 EXPENSES (/BOE) LOE…
  15. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 15
    2018 Domestic & Anadarko Quarterly Guidance DOMESTIC GUIDANCE 4Q17A 1Q18E 2Q18E 3Q18E 4Q18E PRODUCTION Oil (mbopd) 67.1 71 72 77 75 NGL (mbopd) 36.3 33 34 36 39 Gas (mmcfpd) 398.3 394 402 412 424 Total (mboepd) 169.8 167 173** 169…
  16. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 16
    STACK 3YR Plan Modeling Assumptions MODELING ASSUMPTIONS STACK STACK 3YR Plan Well Profile PRODUCTION 300 Avg. IP30 (BOEPD) 1,300 250 CUMULATIVE MBOE Avg. IP30 (% oil / % liquids) 59% / 79% Avg. EUR (Mboe) 1,300 200 Avg. EUR…
  17. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 17
    SCOOP 3YR Plan Modeling Assumptions MODELING ASSUMPTIONS SCOOP Oil SCOOP Wet Gas SCOOP OIL 3YR Plan Type Curve PRODUCTION 300 Avg. IP30 (BOEPD) 1,035 1,750 250 Avg. IP30 (Mbo oil / Mboe liquids) 695 / 870 420 / 1,100 200 MBOE…
  18. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 18
    Williston Basin 3YR Plan Modeling Assumptions MODELING ASSUMPTIONS Williston Williston Basin 3YR Plan Type Curve 400 PRODUCTION Avg. IP30 (BOEPD) 2,121 300 Avg. IP30 (% oil / % liquids) 65% / 83% MBOE Avg. EUR (Mboe) 1,050 200…
  19. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 19
    Leverage Decreases Throughout 3YR Plan Expect to lower net debt to adjusted EBITDA throughout 3YR Plan Maintain significant liquidity throughout 3YR Plan Optionality to address long-term debt maturities No maturities within planning…
  20. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 20
    OIL HEDGING DETAILS AS OF 02/15/18 WEIGHTED-AVERAGE PRICE VOLUME SWAPS W/ COLLARS W/ SHORT PERIOD SWAPS COLLARS8 (BBL/D) SHORT PUTS7 PUTS9 9,000 52.56 -- -- -- -- -- -- -- -- 1Q 2018 -- -- -- -- -- 51,000 -- -- -- 39.76/48.84-56.33…
  21. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 21
    OIL HEDGING DETAILS AS OF 02/15/18 WEIGHTED-AVERAGE PRICE VOLUME SWAPS W/ COLLARS W/ SHORT PERIOD SWAPS COLLARS (BBL/D) SHORT PUTS PUTS10 -- -- -- -- -- -- -- -- -- -- 1Q 2019 -- -- -- -- -- 36,500 -- -- -- 40.47/50.53-57.02 -- --…
  22. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 22
    OIL HEDGING DETAILS AS OF 02/15/18 The following table details the expected impact to pre-tax income (in millions, except prices) from the settlement of our derivative contracts, outlined on the previous slide, at various NYMEX oil…
  23. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 23
    GAS HEDGING DETAILS AS OF 02/15/18 WEIGHTED-AVERAGE PRICE VOLUME SWAPS W/ COLLARS W/ PERIOD SWAPS COLLARS (MMBTU/D) SHORT PUTS11 SHORT PUTS12 30,000 3.01 -- -- -- 13,800 -- 2.60/2.97 -- -- 1Q 2018 200,000 -- -- 3.14-3.72 -- -- --…
  24. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 24
    GAS HEDGING DETAILS AS OF 02/15/18 WEIGHTED-AVERAGE PRICE PERIOD VOLUME (MMBTU/D) SWAPS COLLARS 10,000 2.91 -- 1Q 2019 100,000 -- 3.00-3.47 10,000 2.91 -- 2Q 2019 -- -- -- 10,000 2.91 -- 3Q 2019 -- -- -- 10,000 2.91 -- 4Q…
  25. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 25
    GAS HEDGING DETAILS AS OF 02/15/18 The following table details the expected impact to pre-tax income (in millions, except prices) from the settlement of our derivative contracts, outlined on the previous slide, at various NYMEX gas…
  26. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 26
    PROPANE HEDGING DETAILS AS OF 02/15/18 WEIGHTED-AVERAGE PRICE PERIOD VOLUME (BBL/D) SWAPS (/GAL) 1Q 2018 4,700 .818 2Q 2018 5,000 .819 3Q 2018 4,000 .811 4Q 2018 3,000 .807 26
  27. Scotia Howard Weil 2018 Energy Conference – Newfield Exploration Co. – slide 27
    PROPANE HEDGING DETAILS AS OF 02/15/18 The following table details the expected impact to pre-tax income (in millions, except prices) from the settlement of our derivative contracts, outlined on the previous slide, at various Mont Belvieu…

From the store

Browse maps, data & reports in the Shale Experts store