Jefferies Global Energy Conference December 1, 2010
Todays Key Takeaways 1. Oil over Gas in 2010 and 2011 Utilize optionality of a diverse asset portfolio Continue to direct investments to oil projects HBP assets afford flexibility 2. Building for the Future Eagle Ford Shale Southern…
Newfield Production 2010 Production A focus on profitable growth 286-288 BCFE, 11% over 2009 2010 Domestic Oil Production to Increase 25% over 2009 50% of 2010 Capital Budget Oil-Directed Qe = 50% Shift to Oil 1 Q4 51 2.7 50…
Bradford County, Marcellus Acquisition Transaction Summary Purchase Price: 405 MM Acreage: Approx. 50,000 net Current Production: PENNSYLVANIA 5 Wells producing 7 MMcf/d 11 Well inventory of uncompleted wells expected in 2011…
Williston Basin NFX LEASEHOLD RECENT INDUSTRY SUCCESSES RECENT NEWFIELD SUCCESSES DIVIDE BURKE 271,000 271,000 Net Net Acres Acres 171,000 171,000 netacres net acrescurrently currently BIG BIG VALLEY VALLEY WARD in in active…
Eagle Ford Shale EAGLE FORD / PEARSALL SHALES Background MAVERICK COUNTY TEXAS Feb 2010: NFX acquires assets for 209MM HK 300,000 net acres ZAVALA COUNTY Primary Targets: ll CHK Eagle Ford & Pearsall Shales She 2010 Plans…
Southern Alberta Basin BLACKFEET NATION EXPLORATION VENTURE 260,000 Net Acres, NFX Operated MONTANA St. Mary HIGHLIGHTS HIGHLIGHTS 260,000 260,000 Net Net Acre Acre Position Position Browning Cut Bank Blackfeet…
FOCUSING ON THE RIGHT THINGS CORPORATE DEVELOPMENT FUNCTION Commodity Price Supply/Demand Analysis Perspective Basin-by-basin supply models Economic Indicators, Macro Analysis Proactive Approach to Hedging Capital Allocation…