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Newfield Exploration Company, is an independent crude oil and natural gas exploration and production company
Newfield Exploration Company (NYSE:NFX) is an independent crude oil and natural gas exploration and production company headquartered in Houston, Texas. Our growth strategy includes: Growing reserves through the drilling of a balanced risk/reward portfolio and select acquisitions Focusing on select geographic areas Controlling operations and costs Using advanced technologies Attracting and retaining a quality workforce through equity ownership and other performance-based incentives Our areas of operation include the Anadarko and Arkoma Basins of the Mid-Continent, the Rocky Mountains, onshore U.S. Gulf Coast and the Gulf of Mexico. Our international areas of operation include offshore Malaysia and China, and the U.K. North Sea. We were founded in 1989 and went public in 1993. Our sole focus area until the mid-1990s was the shallow waters of the Gulf of Mexico. Acquisitions and drilling successes have provided the Company with a more balanced portfolio of onshore and offshore assets. By year-end 2005, more than 70% of our proved reserves were located onshore U.S., and our proved reserves total approximately 2 TCFE. We are proud of our profitable track record of growing both production and reserves. Newfield’s reserve base is about 70% natural gas, and 68% of the Company’s reserves are proved developed.
Newfield Exploration Company Company Tags: Newfield Exploration Company Houston, USA, exploration
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