Newfield CEO: 'A Lot of Activity' for U.S. at $55-$60 Oil

The video discusses Newfield's market strategy in response to OPEC's supply cuts and the economic resilience of SCOOP and STACK plays. It covers rig activity plans, hedging strategies, and the US's competitive position in the global energy market. The discussion highlights the potential for increased activity with rising oil prices and the expectation of market volatility in 2017.

What is Newfield's strategy in response to the OPEC announcement?

• To flood the market with oil

• To remain in tune with the market

• To cut production significantly

• To focus solely on international markets

How does Newfield plan to adjust its rig activity in 2017?

• By halting all rig activity

• By doubling the rig count

• By maintaining the current number of rigs

• By reducing the number of rigs

What is Newfield's approach to hedging for 2017 and 2018?

• To hedge only in international markets

• To avoid hedging completely

• To remain open to take advantage of price increases

• To hedge extensively to avoid risks

What has the downturn in recent years proven about North American oil?

• It is a significant advantage for the US

• It is not economically viable

• It has no impact on global markets

• It is less competitive globally

What is the expected impact of a $55-$60 oil price environment on US supply?

• US supply will be unaffected

• US supply will start to grow again

• US supply will remain stable

• US supply will decrease