Wells Fargo 2013 Energy Symposium Lee K. Boothby Chairman, President & CEO December 11, 2013
Todays Presentation 2013 Highlights Our Goals (201416) 2014e Capital, Production & Operations Outlook A look at STACK and SCOOP What matters at Newfield today 2
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…
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 GROWTH…
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…
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 Highlights: 45,000 net acres Testing pad drilling in 2014 Sublette 1H-22 Recent wells outperforming type curve 1081 BOEPD (52% Oil) Tina 1H-26X 1855 BOEPD (47% Oil) Operated Results YTD: Campbell 1H-36X 7 producing…
SCOOP Wet Gas Highlights: 30,000 net acres Active pad development Improved results by reducing perforation cluster spacing…
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…