Investor Presentaiton

ASSET OVERVIEWS Capital Investment Focused on Returns • • Permian • Delivered highly efficient 2018 program with 4 rigs Achieved 100 MBOE/d in Q4 2018 >35% annualized production growth • • Montney Focus on YoY liquids growth Ability to flex program with commodity price $ PORTFOLIO DELIVERS >40% IRR Well Returns AT $55/bbl WTI & $3/MMBtu NYMEX Anadarko • Newfield achieving oil type curve on 2018 infills* HBP drilling sets up for cube development High confidence well-cost synergies expected to reduce well costs by $1MM by H2 2019 Other Assets Generating full-cycle returns and sustaining free cash flow³, primarily in the Eagle Ford, Williston, and Duvernay F Non-GAAP measures defined in advisories. For additional information regarding non-GAAP measures see the Company's website * Per Newfield Form 8-K, filed January 8, 2019 9 encana

View entire presentation