2018 Barclays CEO Energy Conference Lee K. Boothby Chairman, President & CEO
NFX: Delivering on a Winning Formula We are focused on: Achieving Operational Scale Prosecuting full-field development across contiguous 350,000 acre Anadarko Basin position Continued development of Williston Attaining…
Year-to-Date Highlights Delivering on our 2018 business plan Continued multi-year streak of production out performance Increased 2018E production outlook Raised capital investment plan 4% to 1.35 billion to capture additional…
2Q18 Results Led to Improved FY18 Guidance Increased 2018E domestic and Anadarko Basin production expectations (on BOE basis) as a result of strong 1H18 results Reiterated guidance for 2018E oil production 2018E domestic and Anadarko…
Encouraging Infill Well Performance Across Acreage 400 Development Projects In-Line / Above 3YR Plan TC 350 AVG. CUMULATIVE MBOE 300 250 200 150 100 HAUSER / WAITS ROW DRILLING ANALOG 50 6-WELL INFILL 2 DSU…
Commencing Row Drilling in STACK Row Drilling to commence in 3Q18 a two- phase approach to full-field development Phase 1: Drill and case infill wells across multiple DSUs (infill wells placed within boundaries set by HBP parent…
Hauser/Waits Success Validates Row Drilling Hauser/Waits: a 6-well development across two DSUs Original HBP wells drilled near outer section boundaries Avg. IP25 of infills: 1,132 BOEPD (59% oil / 79% liquids) STACK STACK 200…
Industry-Leading Water Solutions in STACK Existing Permanent Water Pipelines Future Permanent Water Pipelines Barton Water Treatment Facility Barton Water Facility, Kingfisher County, OK Since 2015, NFX has invested 80 MM on…
Resource Expansion in NW STACK SCORE Program Recent Newfield operated wells demonstrate 400 7 prolific nature of NW STACK 350 6 AVG. CUMULATIVE MBOE 300 Recent Best-in-Class NW STACK well (Clark 1H-20) 250 5 WELL COUNT…
2018 Guidance 1Q18 2Q18 2Q18 DOMESTIC GUIDANCE 3Q18E* 4Q18E* Actual Guidance Actual PRODUCTION Oil (mbopd) 72 72 74 73 77 73 77 NGL (mbopd) 35 37 43 40 46 40 46 Gas (mmcfpd) 401 402 422 420 450 420 450 Total (mboepd) 174 172 180…
Leverage Profile Improving via Operational Successes FCF generation in 2Q18 has placed Net debt / adj. EBITDA at 1.7x (Ahead of FY18 guidance) Expanding liquidity to more than 2.4 billion 2.0 billion undrawn unsecured credit facility…
NFX Delivering on a Winning Formula We are focused on: Achieving Operational Scale Reaching Self-Sustaining Growth Creating Long-Term Value Building on Our Proven Track Record of Execution Maintaining a Strong Balance…
Non-GAAP reconciliation of Adjusted EBITDA QTD 12 Months Ended ( in millions) 3Q17 4Q17 1Q18 2Q18 June 30, 2018 Net Income 87 95 86 119 387 Adjustments to derive EBITDA: Interest expense, net of capitalized interest 22 23 23 22 90…
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