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12 Pages

Newfield Exploration corporate report


Newfield Exploration corporate report

Report summary

Retrenchment onshore US has left Newfield with a portfolio centred around a number of oil-rich, onshore US assets, including a strong position in the SCOOP and the STACK plays in the Anadarko Basin. The success of these assets has been the main driver behind a turnaround in market sentiment. Unlike many of its peers, Newfield's share price has remained stable since the oil price crash. In 2015, the company's financial position has benefited greatly from hedging, but in 2016 and 2017 hedge protection starts to roll off. If prices remain low in 2016, Newfield has indicated it will cut capital spend further. Successful execution in the SCOOP and STACK plays, which now account for over half the company's remaining NPV, 10, will be key if Newfield is to maintain previous levels of growth as the oil price recovers.

What's included?

This report includes 3 file(s)

  • Newfield Exploration corporate report PDF - 342.36 KB 12 Pages, 6 Tables, 12 Figures
  • Newfield Interim Report.xls XLS - 598.00 KB
  • Newfield Corporate Report.xls XLS - 2.93 MB

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
  • Strategy
  • Strategic positioning as oil price collapsed
    • Recent strategic action
    • Impact on financial outlook
    • Impact on key performance metrics
    • Options to free-up further capital
    • Under-performance of SCOOP and STACK plays remains a key risk
    • Longer-term Rockies potential
  • Economic assumptions
    • Wood Mackenzie Corporate Service: our response to low oil prices
    • Economic assumptions

In this report there are 18 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Strategy
  • Strategic positioning as oil price collapsed
    • Share price performance
    • Market premium evolution
    • Spend
    • Projected development capex
    • Projected year-end net debt
    • Projected upstream cash flow
    • Projected production
    • Remaining NPV,10
    • Probable development capex by project
    • Probable development capex by IRR
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Base price assumptions (nominal terms)
    • Base, high and low Brent (nominal terms)
    • High price assumptions
    • Low price assumptions
    • Value assumptions
    • Foreign exchange rate assumptions
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