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CAPITAL ONE SECURITIES INC 9TH ANNUAL ENERGY CONFERENCE – Newfield Exploration Co.

Newfield Exploration Co. · Dec 11, 2014 · 13 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. CAPITAL ONE SECURITIES INC 9TH ANNUAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 1
    Executing Our Vision Gary D. Packer, COO Capital One Securities, Inc. 9th Annual Energy Conference New Orleans, LA December 2014
  2. CAPITAL ONE SECURITIES INC 9TH ANNUAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 2
    Todays Hot Topics FACTS: 1. Falling oil prices Hedging ensures cash flow and margins during period of service cost reset 2015 NFX Estimated Realized Oil Prices 87 85 100 80 80 60 40 20 0 75 70 65 WTI NYMEX 2
  3. CAPITAL ONE SECURITIES INC 9TH ANNUAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 3
    Todays Hot Topics FACTS: 2. Liquidity, capital Retired LTD w/ GW sale structure 1 B in revolver capacity Laddered debt maturities Total Debt / LTM EBITDA Debt Maturity Schedule (MM) 2,000 3.0x 1,500 2.0x 1,000 1.0x 500 0.0x…
  4. CAPITAL ONE SECURITIES INC 9TH ANNUAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 4
    Todays Hot Topics FACTS: 3. Flexible Limited HBP requirements investment program No LT rig contracts No LT service agreements FACTS: 4. High-grading Controlled operations investments Liquids dominated program Strong momentum…
  5. CAPITAL ONE SECURITIES INC 9TH ANNUAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 5
    Todays Hot Topics FACTS: 5. Operational Highest returns in Anadarko Efficiencies Improving F&D Proven operator Uinta Uteland Butte SXL Uinta - GMBU 50 10 25 5 0 0 2013 2014 YTD Best-in-Class 2004 2014 YTD Best-in-Class…
  6. CAPITAL ONE SECURITIES INC 9TH ANNUAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 6
    Our Priorities Havent Changed 1. Our 3-year plan remains our guide Oil & cash flow growth Balanced budget by 2016 Build inventory for the future 2. Liquidity and financial strength matter 3. Deliver superior execution Lower F&D…
  7. CAPITAL ONE SECURITIES INC 9TH ANNUAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 7
    YTD Highlights Strong execution 2014e production moved to upper-end of guidance (47.4 MMBOE) Added 50,000 net acres YTD in Anadarko Basin (275,000 total acres) Successfully tested STACK vertical spacing pilot; continued production…
  8. CAPITAL ONE SECURITIES INC 9TH ANNUAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 8
    Outperforming in Each Focus Area Focus 2013 2014 Original 2014 Final Delta % Change Y-o-Y Area Production Guidance Guidance Growth (MMBOE) (MMBOE) (MMBOE) (MMBOE) Anadarko 7.2 14.3 14.8 0.5 3% 106% Basin Uinta 8.2 8.6 9.4 0.8 9%…
  9. CAPITAL ONE SECURITIES INC 9TH ANNUAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 9
    Anadarko Basin Increased acreage to 275,000 net Anadarko Daily Production* acres Liquids Gas 50,000 2014e production to more than double 40,000 over 2013 volumes BOEPD (net) 30,000 Continued high liquids cut; gas/oil 20,000…
  10. CAPITAL ONE SECURITIES INC 9TH ANNUAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 10
    STACK Production-Delineation Continues John is the furthest step- out well to-date to the northwest John 821 BOEPD IP30-day avg. (84% Oil) Connie & Freeman are the first Meramec Connie 935 BOEPD IP30-day avg. STACKed vertical…
  11. CAPITAL ONE SECURITIES INC 9TH ANNUAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 11
    STACK Vertical Spacing Test STACK Vertical Spacing Test Connie Well (Upper Meramec) 935 BOEPD IP30-day avg. (87% oil) Freeman Well (Lower Meramec) 680 BOEPD IP30-day avg. (85% oil) Spaced 275 vertically in Meramec Meramec Shale…
  12. CAPITAL ONE SECURITIES INC 9TH ANNUAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 12
    Springer Shale Strengthens SCOOP Inventory Adds inventory on HBP SCOOP acreage Up to 150 thick Highly siliceous, organic rich High permeability and porosity Over-pressured Three recent non-op Springer wells had average 24-hr IP…
  13. CAPITAL ONE SECURITIES INC 9TH ANNUAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 13
    Summary 1. Strong hedge position through YE 2016 2. Liquidity, capital structure are paramount 3. Flexibility in our investment programs 4. Continue to high-grade our capital investments 5. Focus on driving operational efficiencies…

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