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WELLS FARGO SECURITIES ANNUAL PIPELINE MLP AND E&P SERVICES & UTILITY SYMPOSIUM – Newfield Exploration Co.

Newfield Exploration Co. · Dec 8, 2010 · 11 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. WELLS FARGO SECURITIES ANNUAL PIPELINE MLP AND E&P SERVICES & UTILITY SYMPOSIUM – Newfield Exploration Co. – slide 1
    Wells Fargo Securities Annual Pipeline, MLP and E&P, Services & Utility Symposium December 8, 2010
  2. WELLS FARGO SECURITIES ANNUAL PIPELINE MLP AND E&P SERVICES & UTILITY SYMPOSIUM – Newfield Exploration Co. – slide 2
    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…
  3. WELLS FARGO SECURITIES ANNUAL PIPELINE MLP AND E&P SERVICES & UTILITY SYMPOSIUM – Newfield Exploration Co. – slide 3
    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…
  4. WELLS FARGO SECURITIES ANNUAL PIPELINE MLP AND E&P SERVICES & UTILITY SYMPOSIUM – Newfield Exploration Co. – slide 4
    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…
  5. WELLS FARGO SECURITIES ANNUAL PIPELINE MLP AND E&P SERVICES & UTILITY SYMPOSIUM – Newfield Exploration Co. – slide 5
    Uinta Basin / Monument Butte FOUNDATIONAL OIL ASSET Ute Tribal Expansion iles 4M Uinta Basin Facts (M. Butte, Ute Tribal, Horseshoe Bend) 180,000 Net Acres, Substantially HBP 2 Billion Barrels OIP (Est. 20% Recovery) 1,400…
  6. WELLS FARGO SECURITIES ANNUAL PIPELINE MLP AND E&P SERVICES & UTILITY SYMPOSIUM – Newfield Exploration Co. – slide 6
    Williston Basin NFX LEASEHOLD 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 Developmentand active…
  7. WELLS FARGO SECURITIES ANNUAL PIPELINE MLP AND E&P SERVICES & UTILITY SYMPOSIUM – Newfield Exploration Co. – slide 7
    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…
  8. WELLS FARGO SECURITIES ANNUAL PIPELINE MLP AND E&P SERVICES & UTILITY SYMPOSIUM – Newfield Exploration Co. – slide 8
    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…
  9. WELLS FARGO SECURITIES ANNUAL PIPELINE MLP AND E&P SERVICES & UTILITY SYMPOSIUM – Newfield Exploration Co. – slide 9
    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…
  10. WELLS FARGO SECURITIES ANNUAL PIPELINE MLP AND E&P SERVICES & UTILITY SYMPOSIUM – Newfield Exploration Co. – slide 10
    Improving Margins PEER MARGINS UPL CHK SWN NFX XEC XCO PXP COG FST RRC DNR NBL SD BRY HK WLL PXD COGS G&A Interest Taxes Net Margin 31% - 29% 23% - 18% NFX 2008 15% - 0% NFX 2009-10 Peers include: PXP, UPL, CHK, SWN, XEC,…
  11. WELLS FARGO SECURITIES ANNUAL PIPELINE MLP AND E&P SERVICES & UTILITY SYMPOSIUM – Newfield Exploration Co. – slide 11
    Hedge Summary* Natural Gas Period Volume Hedged Fixed Price 3-Way Collars MMCF/D Rem 270 6.55 50% 4Q10 1Q11 380 6.30 4.50 x 6.00 x 7.91 2Q11 380 6.30 4.50 x 6.00 x 7.91 65% 3Q11 380 6.30 4.50 x 6.00 x 7.91 4Q11 320 6.03 4.50 x…

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