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JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co.

Newfield Exploration Co. · Nov 11, 2014 · 14 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. JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 1
    Executing Our Vision Lee K. Boothby Chairman, President & Chief Executive Officer Jefferies 2014 Global Energy Conference November 2014
  2. JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 2
    Todays Presentation Executing Our Vision YTD Highlights Focus Area Updates 2
  3. JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 3
    Executing Our Vision 1. Focus the asset base - Repositioned asset portfolio to U.S. onshore, liquids-rich plays - Non-strategic asset sales fund acceleration of U.S. growth 2. Expand drilling inventory (liquids) - Focused on plays…
  4. JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 4
    YTD Highlights 2014e production moved to upper-end of guidance (47.4 MMBOE) Strong execution Added 50,000 net acres YTD in Anadarko Basin (275,000 total acres) Successfully tested STACK vertical spacing pilot; continued production…
  5. JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 5
    Production by Focus Area Original 4Q14e: 100 MBOEPD 140 Eagle Ford NOW: 105 MBOEPD 120 Williston Anadarko* 100 Uinta MBOEPD (net) 80 To be updated in 60 Feb. 2015 40 20 0 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14e…
  6. JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 6
    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%…
  7. JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 7
    Improved Drilling Performance Across Portfolio Uinta Uteland Butte SXL Uinta - GMBU 50 10 25 5 0 0 2013 2014 YTD Best-in-Class 2004 2014 YTD Best-in-Class Anadarko Basin Williston SXL 50 50 SCOOP STACK 25 25 0…
  8. JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 8
    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…
  9. JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 9
    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…
  10. JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 10
    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…
  11. JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 11
    Springer Shale Strengthens SCOOP Inventory Adds inventory to HBP South SCOOP acreage Up to 150 thick Highly siliceous, organic rich High permeability and porosity Over-pressured Recent Jarred well (NFX operated, 4,850 lateral):…
  12. JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 12
    Uinta Basin Forecasting 15% YoY growth in 14; (up Uinta Daily Production 800,000 BOE from original forecast) Liquids Gas 30,000 SXL drilling campaign in Central Basin delivering encouraging results BOEPD (net) 20,000 Recent…
  13. JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 13
    Williston Basin Forecasting 50% YoY growth in 14 Williston Daily Production YTD SXLs average 7.5 MM (including Liquids Gas 20,000 facilities) 15,000 Full-field development, targeting Middle BOEPD (net) Bakken and Three-Forks 1…
  14. JEFFERIES 2014 GLOBAL ENERGY CONFERENCE – Newfield Exploration Co. – slide 14
    Todays Focus Continued execution against 3-yr plan Oil growth Cash flow growth Move toward balanced budget Navigate oil price uncertainty Hedge position ensures cash flow Strengthen inventory Maintain balance sheet strength…

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