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SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co.

Newfield Exploration Co. · Mar 1, 2011 · 15 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. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 1
    Simmons & Company International Energy Conference March 2011 www.newfield.com NYSE: NFX
  2. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 2
    Why Invest in NFX True Depth A Diverse Asset Portfolio, Experienced Management Real Oil in the portfolio Natural Gas assets largely HBP In Hand Oil/Liquid Assets 100% of 11 Cap-ex to Oil/Liquid Plays Uinta Basin Williston Basin…
  3. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 3
    2010 - A Recap Strong Production Growth, Within Cash Flow 12% Production Growth, Oil-focused Significant Growth In YE Oil Reserves PV-10 Value Increases 80% to 6.8 B Proved Oil Reserves Grow 20%, Exceed 200 MMBbls Portfolio Model…
  4. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 4
    2010 YE Reserves Proved 3,712 Bcfe Intl 2010 RESERVE HIGHLIGHTS ONGC 6%Intl GO M 9N%GC 6% PV-10 up 80% 3O % 9% 2P Reserves of 6.2 Tcfe GO Mid-Cont. Rockies M 3% 50% Oil 20-year reserve life 32% Gas 30% Mid-Continent Proved…
  5. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 5
    2010 YE Reserves 1P and 2P Disclosure 2009 2010 53% 47% 58% 42% Proved PUD Proved PUD Developed Developed Proved Proved Proved Proved Quality 33% Quality 28% 52% 67% Oil 54% 72% 48% Gas 46% Gas Oil Proved 3,616…
  6. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 6
    Industry to Outspend Cash Flow by 30% 2011-12 Capital Expenditures / Cash Flow Estimates (201112) 5.0x 4.5x 4.0x Proved Quality 3.5x 1.3 1.1 Tcfe Tcfe 201112 Capex / Cash Flow 3.0x 2.5x 2.0x Probable: 2.5 Tcfe…
  7. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 7
    2011 Game Plan 11 Capital Budget 1.7 Billion HIGHLIGHTS: Intl 17% Substantially 100% Allocated to ONGC Mid-Cont. Oil/Liquids Rich Gas Plays 16% 31% Strategy Balances Growth and 2% GOM Profitability Rockies 34% 8-12% Production…
  8. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 8
    Woodford Shale OKLAHOMA Woodford Play Oily to the West 6 Wells Drilled to Date Peak IP 1,400 BOEPD (5wells) It s Not Its Not Only Only Dry Dry Gas Gas 35% Oil, 41O API gravity Avg BTU 1,300 Hughes Production Averages OIL PRONE…
  9. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 9
    Eagle Ford Shale PRODUCTION RESULTS, PLANS FOR 2011 TEXAS MAVERICK COUNTY Initial Results (6 LEF wells) ZAVALA COUNTY Avg. 24 hour IP rates 630 BOEPD, and ranged from HK 37 API 400 BOEPD to 900 BOEPD 30 day average: 400 BOEPD l…
  10. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 10
    Uinta Basin / Greater Monument Butte Area FOUNDATIONAL OIL ASSET UTAH Ute Tribal Expansion iles 183,000 Net Acres, Substantially HBP 4M 2 Billion Barrels OIP (Est. 20% Recovery) 1,500 Producing Wells 2010 Program: 375 Wells…
  11. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 11
    Williston Basin NFX LEASEHOLD RECENT NEWFIELD SUCCESSES DIVIDE BURKE 174,000 174,000 Net Net Acres Acres NORTH DAKOTA 120,000 net acres currently 120,000 net acres currently BIG BIG VALLEY VALLEY WARD in active Development…
  12. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 12
    Southern Alberta Basin BLACKFEET NATION EXPLORATION VENTURE 280,000 Net Acres, NFX Operated MONTANA St. Mary HIGHLIGHTS HIGHLIGHTS 280,000 Net Acre Position 280,000 Net Acre Position Cut Bank Browning Blackfeet…
  13. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 13
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  14. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 14
    Gas Assets HBP CONTROL PACE OF DEVELOPMENT Major Gas Assets HBP Limited drilling required to hold leases Woodford Shale 90% HBP 350 wells drilled to date Oily Woodford play Granite Wash 100% HBP (Stiles Ranch) Economics…
  15. SIMMONS & COMPANY INTERNATIONAL ENERGY – Newfield Exploration Co. – slide 15
    Hedge Summary* NATURAL GAS Volume Hedged Fixed Period 3-Way Collars MMCF/D Price 1Q11 380 6.30 4.50 x 6.00 x 7.91 2Q11 380 6.30 4.50 x 6.00 x 7.91 70% 3Q11 380 6.30 4.50 x 6.00 x 7.91 4Q11 320 6.03 4.50 x 5.86x 7.37 50% 2012 278…

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