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NFX Land VP Meeting_V2 1 Land and Land Admin – EKTi Research to-date Newfield Documents 1. A Version of G&G Competencies 2. Land Job Descriptions 3. Land.

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Presentation on theme: "NFX Land VP Meeting_V2 1 Land and Land Admin – EKTi Research to-date Newfield Documents 1. A Version of G&G Competencies 2. Land Job Descriptions 3. Land."— Presentation transcript:

1 NFX Land VP Meeting_V2 1 Land and Land Admin – EKTi Research to-date Newfield Documents 1. A Version of G&G Competencies 2. Land Job Descriptions 3. Land Development Model (February 18, 2012) 4. Rocky Mountain RACI Chart – Idea Generation to Release to Drill 5. “To Be” process flow diagram – Rocky Mountain IG2RTD EKTi Sources 1. Interview Land SME – Jim Hoffman (See attached profile) 2. Interview Land Admin SME – Marty Stetzer (Principal, EKTi) 3. EKTi documentation from previous engagements (Shell, Anadarko, PwC, Revenue Accounting BPO outsourcing)

2 NFX Land VP Meeting_V2 2 Competencies Definitions Competency: A cluster of related skills and actions that are necessary for successful performance in a particular area. Proficiency Level: The degree of mastery demonstrated in the competency (e.g. basic, intermediate, advanced). Profile: The specific group of competencies and proficiency levels required by a position, role, level or function. Knowledge/Skill:Acquired capabilities that underlie performance in a competency area. Examples: contract law, data base design, interviewing. Personal Attributes: Characteristics that are “hardwired” or developed over a long period of time and not easily changed. Examples: general intelligence, initiative, sensitivity.

3 NFX Land VP Meeting_V2 3 Develop Competencies in Stages… A-B-C C. How should the work be done in Land (and Land Admin): What are the standards and expectations? What are examples of the required skills?

4 NFX Land VP Meeting_V2 4 Develop Competencies in Stages… A-B-C Base data from Land Development Model Bold from Utah MTG Project Red from EKTi SME Blue, from G&G Base data from Land Development Model Bold from Utah MTG Project Red from EKTi SME Blue, from G&G

5 NFX Land VP Meeting_V2 5 6 Draft Land & Admin Competencies Define Project Outcomes Define Deliverables for 6 Week Ending 10/12 ?? 1/3 6/8 10-Step Approach to Developing Commercial Competencies I. Newfield Competency TemplatesII. Draft Land & Admin Competencies Interviews & Work Sessions with L&D, HR and others 1 2 Review & Compare Newfield Models, e.g. G&G, HR Comp Levels, etc Incorporate Related Projects & Form Steering Committee 4 III. Final Competencies & Rollout Planning Interview Land & Admin Leaders Map Land & Admin Functions List Key Processes Develop Proficiencies (C) Identify a Rollout Pilot Commercial Competency Steering Team (CCST) Reviews Develop High Level Rollout Plan & Timing 9 Finalize Commercial Competency Framework and Scope of Next Phase 87 Review Sessions Align Internal Functions Set Rollout Priority/Pilot Align Across Commercial Revisit Critical Outcomes Manage Communications: Steering Team Land & Admin Leadership Commercial Leadership Land & Admin Staff 10 Work with Land & Admin SME’s on Processes, Job Levels, Skill Categories & (A) Competency Matrix Template Agree with L&D, Land & Admin on Template (B) 3 NOTE: (A, B, C) Refer to previous page Incorporate EKTi Research on Land, Land Admin & Commercial Best Practices 5 Review Project Cost when Draft Competencies completed

6 NFX Land VP Meeting_V2 6 Jim Hoffman: Land Credentials Jim Hoffman is a Senior Associate of EKT Interactive, Inc. responsible for our oil & gas curriculum in land, accounting and finance, based in Dallas, Texas. He has 30 years in oil & gas energy management corporate education and business software applications. His software experience was leading upstream accounting, land and production software sales with Artesia Data Systems, PricewaterhouseCoopers (PwC) and Oracle Energy. His “Intro to Upstream” classroom program has been conducted with hundreds of oil and gas companies, from small independents through super- majors. His widely acclaimed “Land for non-Landmen” class was developed at XTO and Devon. He has also developed and taught “Production Measurement and Allocation”, “Oil & Gas Finance and Accounting for non- Accountants” and “Upstream Office Information Flow.” Jim is a frequent speaker at industry events, including the North American Petroleum Accounting Conference (NAPAC) and Council of Petroleum Accountants Societies (COPAS) events. He has been published in The Oil & Gas Investor and the Petroleum Accounting and Financial Management Journal. Jim has a BS, in Systems Science (Electrical Engineering) from Michigan State University.

7 NFX Land VP Meeting_V2 7 What’s Next for Land Project XXXX…. YYY ZZZ Nancy: Add your words or Alec’s list – whatever works best Nancy: Add your words or Alec’s list – whatever works best


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