Team meeting

Newfield Exploration Focus Areas

Newfield Exploration Company is an independent crude oil and natural gas exploration and production company headquartered in The Woodlands, Texas. Newfield is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota and the Uinta Basin of Utah. The Company also has oil developments offshore China.

2016-Priorities
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Mid-Continent

Mid-Continent

Newfield entered the Mid-Continent Region of Oklahoma in 2001. The largest producing area in our portfolio is located in the Anadarko Basin with more than 350,000 net acres in SCOOP and STACK plays. At year-end 2015, the Basin comprised 53 percent of our total proved reserves.

In 2016, the Company’s primary focus will be to hold its acreage by production in SCOOP and STACK.

MID-CONTINENT FACT SHEET

ANADARKO BASIN
53% of 2015 Total Domestic Proved Reserves
51% of 2016e Total Domestic Production
81% of 2016e Capital Budget


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Rockies

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The Rockies cover Newfield’s assets in the Uinta Basin of Utah and the Williston Basin of North Dakota.

In the Uinta Basin, we have more than 215,000 net acres which represent about 16 percent of our total proved reserves at year-end 2015. We signed a wellbore development agreement in early 2016 with a third party partner to drill and complete up to 20 horizontal wells targeting the Uteland Butte and Wasatch formations in Utah's Uinta Basin. We will run one rig and manage the drilling, completion and production operations, with a portion of its working interests being carried on a promoted basis. Drilling is expected to be conducted in 2016 and 2017.

In the Williston Basin, we have approximately 85,000 net acres, representing about 10 percent of our total proved reserves at year-end 2015. In 2016, we will be running one rig.

ROCKIES FACT SHEET

UINTA BASIN
16% of 2015 Total Domestic Proved Reserves
14% of 2016e Total Domestic Production
4% of 2016e Capital Budget


WILLISTON BASIN
10% of 2015 Total Domestic Proved Reserves
12% of 2016e Total Domestic Production
6% of 2016e Capital Budget

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China

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Approximately two percent of our proved reserves at year-end 2015 are located offshore China. There are no plans underway for additional development drilling in China in 2016. Cash flow from production is being used to fund our domestic drilling programs.

2% of 2015 Total Domestic Proved Reserves

8% of 2016e Total Domestic Production