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BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co.

Newfield Exploration Co. · Sep 7, 2011 · 17 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. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 1
    Making Dollars and Sense In A Pro-Liquids Environment Barclays Capital CEO Energy Conference September 7, 2011 Lee K. Boothby, Chairman, President & CEO
  2. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 2
    Todays Focus Capital Discipline: Live within 1.9 Billion Capital Budget Oil Directed Capital Investments 50% Increase in 2011 Domestic Oil Production Over 1 Million Net Oil-Prospective Acres; 2 Billion Net Barrels of Potential…
  3. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 3
    An Oil Focused Portfolio 90% of 2011s 1.9B Budget Allocated to Oil / Liquids Plays Domestic Oil NORTH MONTANA DAKOTA Uinta Basin 6-9 Rigs Williston Basin 5 Rigs ROCKY MOUNTAINS SOUTH DAKOTA Maverick Basin 2 Rigs Granite Wash 4…
  4. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 4
    NFX: Focused On Returns 220% 200% NFX Allocating 50% of Total 180% 2011 Capital to Industrys 160% Highest Return Plays 140% IRR% 120% 100% 80% 60% 40% 20% 0% 4 and 80 4 and 70 Sources: Wells Fargo Securities, LLC…
  5. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 5
    Driving Oil / Liquids Growth (Average Daily Production) 80,000 600 500 60,000 MCFPD BOEPD 400 40,000 300 20,000 200 2008 2009 2010 Q1'11 Q2'11 Q3'11e Q4'11e Liquids (BOEPD) Gas (MCFPD) 5
  6. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 6
    Revenue Growth Driven By Oil / Liquids Investments 3.2 - 3.5 NFXs Annual Revenues * Revenue (in billions) 2.7 - 2.9 2.3 2.2 70% 2009 2010 2011e 2012e* Oil / Liquids Revenue NFX has a deep inventory of oil projects NFXs…
  7. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 7
    NFX: Impact of Oil Investments Revenue Growth (%) / Production Growth (%) 2.5x 2.0x 1.5x 1.0x 0.5x 0.0x NFX Peer Group Includes: BRY, CHK, COG, CRK, DNR, HK, NBL, PXD, PXP, RRC, SD, SWN, UPL, WLL, XCO, XEC Sources: Wall…
  8. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 8
    NFX Focused on Cash Flow Generation Capital Efficiency (100 MM investment) 60.00 Capital Allocation by Product 50 MM 50.00 Oil / Gas Liquids 9% 91% 40.00 Year - 1 Prod. Add (Bcfe) Cash Flow (MM) 30.00 20 MM 20.00 10.00 5…
  9. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 9
    NFX Remains Top-Tier Cash Flow Growth Company 2012 Cash Flow Growth v. Production Growth CASH FLOW GROWTH NFX PRODUCTION GROWTH Note: Production Growth based on corporate guidance and Wall Street estimates. Cash Flow growth…
  10. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 10
    Uinta Basin Oil Summary HIGHLIGHTS Altamont / Bluebell Extension of Altamont/ UTAH Horseshoe Bend Bluebell to the North Initially targeted the Central Basin Green River formation Acquisition/ EDA 3 Productive throughout entire…
  11. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 11
    Green River Drilling Efficiency Gains Monument Butte 20-Acre Directional Well Days vs Depth 0 Best in Class 2011: GMB O-2-9-17 1,000 2010 Average MB Performance 2011 Average MB Performance 2,000 Measured Depth (ft)…
  12. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 12
    Uinta Basin Oil Summary Altamont / Bluebell HIGHLIGHTS UTAH Horseshoe Bend Recent Average IP (24-hours): Green River 100 BOEPD Uteland Butte 500 BOEPD Wasatch 1,000 BOEPD 6,000 Remaining Estimated Activity: Green River Central…
  13. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 13
    NFX: A Proven Uinta Basin Operator 2.4 3.2 (depth dependent) 2.8 (in millions) 0.9 20-Acre Green River Uteland Butte Wasatch Drilling Completion Facilities NFX Has Drilled 1,500 Wells in Uinta Vertical Integration: Owned…
  14. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 14
    Williston Basin NORTH DAKOTA WARD DIVIDE BURKE 2011 Program 5-Rig Program Big Valley 40 Total Wells SHERIDAN WILLIAMS 2011 SXL IP Avg (24 hrs) - 3,000 BOEPD Westberg ROOSEVELT Recent XL Well IP Avg (24 hrs) Catwalk - 5,200…
  15. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 15
    Williston Basin Drilling Efficiencies 0 Best in Class SXL 2011: Wahus Fed 162-97-13-24-1H 2,000 2010 Average SXL WB Performance 4,000 2011 Average SXL WB Performance 6,000 Measured Depth (ft) 8,000 10,000 12,000…
  16. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 16
    Granite Wash Granite Wash Daily Production Granite Wash Efficiency Gains 200,000 2500 6000 160,000 2000 5000 4000 120,000 1500 / GPI GPI 3000 80,000 1000 2000 40,000 500 1000 0 0 0 2008 2009 2010 2011e 2008 2009 2010…
  17. BARCLAYS CAPITAL CEO ENERGY CONFERENCE – Newfield Exploration Co. – slide 17
    NFX: Hedged For the Future NATURAL GAS Volume Hedged Period MMCF/D Fixed Price 3-Way Collars 65% Rem 2011 335 6.14 4.50 x 5.88x 7.46 55% 2012 278 5.42 4.28 x 5.49 x 6.36 35% 2013 158 5.33 4.04 x 5.44 x 6.48 CRUDE OIL…

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