Oil

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(No Transcript)
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A Balanced Portfolio of Assets
Didnt Happen Overnight!
2004
U T A H
O K L A H O M A
N E W M E X I C O
T E X A S
L O U I S I A N A
1989-98
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Newfield A Diversified Company
1999
RESERVES
Onshore Gulf Coast
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97
Gulf of Mexico
PRODUCTION
Gulf of Mexico
Onshore Gulf Coast
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96
Gulf of Mexico
RLI increases to 7 years
5 year RLI
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The Growth of NFX
Net Production (BCFE)
International
Mid-Continent
Onshore GC
Gulf of Mexico
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Newfield and EPA Gas STAR

• Prior, NFX didnt feel they had the internal
  resources to focus and drive the program.

• Recently join Gas STAR in June of this year.

• Now, were actively looking for ways to increase
  profitability through methane emission reductions.

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Pro OpProcess Related Opportunity -
Optimization

• PRO-OP a systematic approach to increase
  production efficiencies and profitability through
  evaluating process components whereby methane
  emissions are reduced on a cost effective basis.

• New Designs (platform, facility, production
  trains)
• Modifications / Repairs
• Ongoing Facility Evaluation

Attention to Details...Increases Profitability
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Increase Profitability..Emission Management

• Strategy
• Cost effectively eliminate emission source
• Cost effectively capture for sales
• Flare (destruction)

Attention to Details...Increases Profitability
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Pro Op
100 units
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Pro - Op Process -gt Onshore
Vent
Flash Emissions
To Sales
PSV Integrity
Separator Temperature?
Separator Pressure?
Non-Condensables
Circulation Rates
Fuel Efficiencies
Seals
Flash Separator
Attention to Details...Increases Profitability
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Attention to Details.Increases Profitability
MODIFICATIONS / REPAIRS
ONGOING FACILITY EVALUATIONS
NEW FACILITIES

• Evaluate
• Each Device
• Alternatives
• Cost Efficiencies

• Opportunities
• Flash
• Glycol Circulation Rates
• Separator Optimization
• Other Efficiencies

• Develop Template
• Onshore Facilities
• Offshore Facilities

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Other Participation

• Supplying data and reviewing proposed Lessons
  Learn on separator optimization and floatation
  cells
• Participating in STAR sponsored Pro OP for
  several NFX offshore facilities