What Matters at Newfield Focus We are focused on four quality domestic resource plays Returns We are highgrading our investment opportunities to improve future returns and profitability Inventory Our technical teams are working…
2013 Highlights Improved focus Focused people and capital on domestic resource plays Initiated process of divesting international assets Executed Delivered on 2013 plan and introduced 201416 Expanded inventory Announced STACK in…
2013 Focus Area Highlights UINTA BASIN ANADARKO BASIN Patterson Wasatch XL sets HZT record IP Expanded footprint in the Anadarko Basin; announced the STACK resource play Drilled Uinta Basins 1st SXL Uteland Butte and Wasatch…
Production by Area 140 130 Eagle Ford Williston 120 120 Anadarko* 100 100 Uinta MBOEPD (net) 80 80 60 50.9 40 20 0 1Q13 2Q13 3Q13 4Q13e 1Q14e 2Q14e 3Q14e 4Q14e 1H15e 2H15e 2016e **Includes SCOOP and STACK;…
NFX MidContinent EXECUTION INVENTORY Proven operating team 225,000 net acres Track record of value creation Multiple pay horizons More than a decade of Decadeplus of drilling experience in Oklahoma inventory FAVORABLE…
225,000 total net acres: Woodford Plays 170,000 net acres prospective for the Woodford STACK 150,000 net acres 150,000 net acres prospective for the Meramec Meramec Play SCOOP 75,000 net acres OK NFX Acreage TX…
Anadarko Basin Resource STACK North STACK SCOOP South Proved concept CHESTER SHALE Tested SXL wells in Upper (Regional Topseal) 700 of Oil Saturated Interval Woodford & Upper Meramec MERAMEC 2014 STACK Plan Assess SYCAMORE…
What is STACK It is a new oil resource play STACK combines the Meramec and Woodford Shales Meramec is 275 475 thick We are developing 700 of oil saturated column 225,000 net acres in the Anadarko Basin It combines multiple,…
SCOOP Oil 2013 Highlights: 45,000 net acres in Woodford oil Testing pad drilling in 2014 Sublette 1H-22 Recent wells outperforming type curve 1081 BOEPD (52% Oil) 7 producing wells (avg. 76% WI) Tina 1H-26X 1,511 BOEPD IP (55%…
SCOOP Wet Gas 2013 Highlights: 30,000 net acres in Woodford Wet Gas Active pad development Improved results by reducing perforation cluster spacing…
Oil Hedging Details as of 12/09/13 Volume/day WeightedAverage Price Swaps w/ Short Collars w/ Short Period Bbls Swaps Collars Puts2 Puts1 15,000 89.60 1Q 2014 16,000 75/95.16 6,000 75.83/90.83102.93 19,000 90.07 2Q 2014…
Oil Hedging Details as of 12/09/13 The following table details the expected impact to pretax income (in millions, except prices) from the settlement of our derivative contracts, outlined on the previous slide, at various NYMEX oil…
Gas Hedging Details as of 12/09/13 Volume/day WeightedAverage Price Swaps w/ Short Collars w/ Short Period MMBtus Swaps Collars Puts Puts 235,000 3.98 1Q 2014 65,000 3.75 4.62 235,000 3.98 2Q 2014 65,000 3.75 4.62 235,000…
Gas Hedging Details as of 12/09/13 The following table details the expected impact to pretax income (in millions, except prices) from the settlement of our derivative contracts, outlined on the previous slide, at various NYMEX gas…