Howard Weil Energy Conference March 26, 2012 www.newfield.com NYSE: NFX
Is Clear 1. We are Transitioning to an Oil Company 100% of 2012 Planned Investments are OilFocused 2. We have Attractive Oil Projects in Our Portfolio 2012 Oil/Liquids Growth 20% 3. We are Committed to Maintaining Our…
2011 2012 1. Oil Production Growth (200811: 20% CAGR) 1. Live Within Internal Resources 2. Added to Dominant Position in 2. Improve Operational Focus Uinta Basin Continue to Monetize NonStrategic Assets 3. Established 125,000 (net)…
Proved & Probable Reserves Highlights Proved PV10 up 20% 3.9 Tcfe Intl Intl Proved Reserves of 3.9 Tcfe 7% 6% 41% oil, 263 MMBbls Mid-Cont. 54% Proved Developed Rockies 47% Oil Gas 37% 30% Mid-Continent 13year reserve life…
Capital Efficiency (100MM investment) Net Lease Income Dry Gas 100 92MM 80 60 45MM 44MM 40 11.70/boe 20 10 BCFE 18MM 5 BCFE 0 Oil Dry Gas Oil Year 1 Production Year 1 Cash Flow 2 Year Cash Flow (cum) Note: Assumes 95/Bbl…
Total Company Average Daily Production 80000 600 2008 2011OilCAGR:20% 64000 500 60000 54000 MMCF/D BOPD 400 44000 40000 38000 31000 300 20000 200 2008 2009 2010 2011 2012e Oil (BOPD) Gas (MMCF/D) 6
Uinta Basin Key Takeaways 230,000 Net Acres Current Net Production 23,000 BOEPD Multiple Play Types Green River Uteland Butte Wasatch Black Shale Central Basin Assessment 45 Rig Program Planned 60 Total Wells Planned 35 HZT…
Williston Basin Key Takeaways 100,000 Net Acres 60,000 Acres in Development 40,000 Acres in Elm Coulee 250 Remaining Locations Current Production 7,200 BOEPD 12 Production Expected to Increase by 35% 24 Rig Program Planned 25…
Malaysia Key Takeaways Record Gross Production 60,000 BOPD E. Piatu and Puteri Online Exploration 4th Largest Oil Producer in Malaysia Upside Additional Development Drilling E. Piatu E. Belumut Exploration Upside Identified…
Focused on Anadarko Woodford Key Takeaways Anadarko Woodford 125,000 Net Acres in the Cana Southeast Play Extension Up to 7 Rigs Planned Oil & LiquidsRich Targets Granite Wash 50,000 Net Acres Reduced Activity Arkoma Woodford…
For the YearEnded December 31 2009 2010 2011 (in millions) Sources: Net Lease Income 695 1,174 1,394 Hedge Proceeds Mid-Continent 883 456 195 50% Property Sales Proceeds1 33 12 728 1,611 1,642 2,311 Uses: Capex2 1,392 1,635…
HedgeSummary* NATURAL GAS Value Value Volume Hedged Weighted-Average Value 3 / 4 / Period MMCF/D Fixed Price 2 / MMBtu MMBtu MMBtu Balance of 80% 2012 336 3.84 170MM 78MM (21MM) 65% 2013 258 4.42 227MM 132MM 29MM 32% 2014 110…