Newfield Exploration Company Company News

Recent Articles

Results 50 articles shown

Newfield Founder Joe Foster Passes Away
Foster started Newfield in 1989 with a team of 26 employees and $9 million of equity capital.
8:00 PM EST | May 11, 2020
Encana to Acquire Newfield for $5.5 Billion
Encana reverses course with a $5.5 billion acquisition of a US shale producer in what will be the company's biggest-ever deal.
8:00 PM EST | October 31, 2018
Big Shale Turns OPEC Ally From Foe With Focus on Oil Returns
Don't expect Big Shale to rush and fill the hole left by OPEC in the oil market.
7:00 PM EST | December 03, 2017
Shale Drillers Show Few Signs of Slowing as Profits Expand
Four of the biggest US drillers said they're not backing away from lofty production targets for 2017.
8:00 PM EST | August 01, 2017
$2 Billion Gulfport Buy Shows Drillers Thirsting for Next Play
America's shale gas drillers are back to looking for the next big play.
7:00 PM EST | December 14, 2016
Newfield CEO Sees Cautious Approach on Big Oklahoma Oil Find
Producers need more exploration time and a higher oil price before they can begin accelerating drilling in the Scoop and Stack oil formation, Lee Boothby says.
8:00 PM EST | October 16, 2016
E&P Companies Target Potential of STACK, SCOOP Plays
Operators are testing the oil potential of the STACK and SCOOP plays as they seek E&P opportunities that work in a lower oil price environment.
8:00 PM EST | August 24, 2016
Lost Generation Of Oil Workers Leaves Few Options For Next Boom
The oil industry is fighting a generation gap.
8:00 PM EST | July 06, 2016
Newfield Exploration to Cut Jobs in Tulsa, Move Workers to Houston Area
Newfield Exploration is reducing its Tulsa office and relocating 150 workers to the Houston area.
8:00 PM EST | May 11, 2016
Key to Surviving the Oil Bust: Beware Bankers Bearing Cheap Debt
During the go-go days of $100 oil, bankers swarmed into Travis Stice's office in downtown Midland, Texas, trying to sell him on the wonders of easy credit.
7:00 PM EST | January 25, 2016
E&P Oil Firms Using Stock Sales To De-Lever
Exploration and production companies are bracing for a sustained period of low commodity prices by deleveraging through stock sales - and well-funded firms are surprisingly leading the way.
7:00 PM EST | February 26, 2015
Newfield to Retain China Assets
Newfield Exploration says it concludes its marketing process for its China business and now plans to retain the assets.
7:00 PM EST | January 12, 2015
Brightoil to Bid for All Newfield's Shares in Bohai Bay, Pearl River Blocks
Brightoil reveals plan to bid for all of Newfield's interests in Bohai Bay Block 05/36 and Pearl River Block 16/05 offshore China.
7:00 PM EST | November 03, 2014
Newfield Boosts 2014 Production Guidance
Newfield Exploration raises its 2014 production guidance, reflecting year-to-date operating momentum across the company.
8:00 PM EST | July 16, 2014
SapuraKencana Plans $500M Annual Capex to Develop Newfield's Assets
Malaysian oilfield services firm SapuraKencana Petroleum plans to spend $500 million.
8:00 PM EST | March 24, 2014
Murphy's Potential Sale of Upstream Assets in Malaysia Attracts Local Firms
Murphy Oil's potential sale of a 30 percent interest in upstream assets in Malaysia draws interest from local petroleum companies.
7:00 PM EST | February 20, 2014
SapuraKencana Completes Purchase of Newfield's Upstream Assets in Malaysia
SapuraKencana Petroleum completes acquisition of Newfield's upstream petroleum assets in Malaysia.
7:00 PM EST | February 10, 2014
SapuraKencana Gains Foothold in Malaysia's Upstream Sector
SapuraKencana Petroleum's acquisition of all equity interest in Newfield Malaysia Holdings held by Newfield Exploration will give the company a foothold in Malaysia's upstream sector.
8:00 PM EST | October 22, 2013
Newfield Sells Malaysian Offshore Busines
The company expects to close the $898 million cash deal in early 2014.
8:00 PM EST | October 21, 2013
Newfield Exploration CFO to Retire in 2014
Newfield Exploration announces hat Terry W. Rathert, a Newfield founder and the Executive VP and CFO, will retire in 2014.
8:00 PM EST | October 13, 2013
SapuraKencana, Petrofac Join Shortlist to Bid for Newfield's Asia Assets
SapuraKencana Petroleum and Petrofac make the shortlist to participate in second round bidding for Newfield Exploration Co.'s upstream assets in Malaysia and China.
8:00 PM EST | August 27, 2013
Hibiscus Enters into 2nd Round Bidding for Newfield's Asia Assets
Malaysia's Hibiscus Petroleum gets shortlisted for second round bidding for Newfield Exploration Co.'s assets in Malaysia and China.
8:00 PM EST | August 21, 2013
Exxon, Shell Advance in Newfield's Asia Auction - Sources
ExxonMobil and Shell are among the suitors advancing to the next round of bidding for Newfield Exploration Co's Malaysian and Chinese oil and gas fields.
8:00 PM EST | August 14, 2013
Investigation Underway Into Utah Drilling Site
An investigation is underway into an explosion of an oil tank at a Newfield Exploration Co. site in Uintah County, Utah.
8:00 PM EST | May 09, 2013
Newfield Unveils New Gas Find, Looks to Sell International Business
Newfield Exploration makes a significant natural-gas discovery off Sarawak, Malaysia, and said it is looking to sell its international business.
8:00 PM EST | April 02, 2013
Eco-Trade Acquires South Bakken Prospect
Eco-Trade Corp. has signed a definitive agreement to acquire the South Bakken Prospect in Montana.
7:00 PM EST | December 06, 2012
Newfield Exploration Sells Remaining GOM Assets
Newfield Exploration Company announced signing an agreement to sell its remaining assets in the Gulf of Mexico to W&T Offshore, Inc.
8:00 PM EST | September 17, 2012
Newfield Exploration Prices Public Offering
Newfield Exploration Company has priced its public offering of $1 billion.
8:00 PM EST | June 18, 2012
Newfield Exploration Updates GOM-Stake Sale
Newfield Exploration Company provided an update on its ongoing sale of non-strategic assets.
7:00 PM EST | February 05, 2012
Ecosphere, Newfield Extend Woodford Shale Contract
Subsidiaries of Ecosphere Technologies and Newfield Exploration on Tuesday announced they had signed a two-year contract extension for Ecosppher to keep providing Woodford Shale recycling services.
7:00 PM EST | December 19, 2011
Expert: Capital Available for O&G Mergers, Acquisitions
Energy industry experts say capital funding for merger and acquisitions of unconventional hydrocarbon assets is readily available to O&G companies.
8:00 PM EST | October 30, 2011
Newfield All Smiles over Uteland Butte HZ Play
Newfield Exploration provided a comprehensive update on its Uinta Basin oil development programs.
8:00 PM EST | July 19, 2011
Newfield Briefs Initial Results from Eagle Ford Assessment Program
Newfield Exploration disclosed initial results from its Eagle Ford Shale assessment program.
7:00 PM EST | January 09, 2011
Newfield Exploration Resumes Production Offshore Malaysia
Newfield Exploration announced that oil production from its East Belumut Field, located on PM 323 offshore Malaysia, had resumed following repairs.
8:00 PM EST | August 08, 2010
Newfield Exploration Updates on Pipeline Damage Offshore Malaysia
Newfield Exploration determined that an oil pipeline connecting the East Belumut platform to the Tinggi platform was damaged by the activities of an unidentified marine vessel unrelated to Newfield's ops.
8:00 PM EST | July 11, 2010
Primary Updates Alberta Basin Bakken Project
Primary Petroleum Corporation has seen increased activity in the Alberta Basin Bakken Fairway in Western Montana.
8:00 PM EST | July 05, 2010
Newfield Bumps Up Reserves to 3.6 Tcfe
Newfield's proved reserves at December 31, 2009 were 3.6 Tcfe, a 23% increase over proved reserves at year-end 2008.
7:00 PM EST | February 16, 2010
Haynes and Boone Advises Newfield in TXCO Asset Purchase
Haynes and Boone, LLP represented Newfield Exploration Co. in last Thursday's purchase of assets in the Maverick Basin of Southwest Texas from TXCO Resources Inc.
7:00 PM EST | February 14, 2010
Newfield Exploration Names Board Chairman
Newfield Exploration Company's Board of Directors has named Lee K. Boothby, to the additional role of Chairman of the Board, effective upon his re-election at the Company's annual stockholders' meeting on May 7, 2010.
7:00 PM EST | February 07, 2010
Newfield Exploration Amends Tender Offer for 2011 Notes
Newfield Exploration has amended its previously announced tender offer for any and all of its outstanding $175,000,000 7 5/8% Senior Notes due 2011.
7:00 PM EST | February 04, 2010
Newfield Prices $700MM of Notes Due 2020
Newfield has priced $700 million of 6 7/8% Senior Subordinated Notes due 2020.
7:00 PM EST | January 20, 2010
Newfield Commences $650MM Offering of 2020 Notes
Newfield has commenced an offering of $650 million of Senior Subordinated Notes due 2020.
7:00 PM EST | January 19, 2010
Newfield Selects Paradigm Geolog for Petrophysical Analysis
Paradigm announced that Newfield Exploration Company has selected Paradigm Geolog as its chief application for well log and petrophysical analysis.
7:00 PM EST | January 18, 2010
Newfield Sets Production Record in Woodford Shale
Newfield has achieved record gross operated production from the Woodford Shale play in the Arkoma Basin of southeastern Oklahoma.
7:00 PM EST | January 18, 2010
Newfield, Anadarko to Buy TXCO Assets for Up to $310MM
Oil and gas explorers Newfield and Anadarko announced a joint transaction to acquire bankrupt TXCO Resource Inc.'s assets in the Maverick Basin of Southwest Texas for up to $310 million.
7:00 PM EST | January 11, 2010
Anadarko to Pay $310MM for Bankrupt TXCO's Assets
Outbidding Newfield Exploration, Anadarko will pay $310 million in cash for most of bankrupt TXCO Resources' assets. The deal adds to Anadarko's position in the Eagle Ford shale play in South Texas.
7:00 PM EST | January 05, 2010
Newfield, Harvest Turn on Taps at Antelope Project
Harvest Natural Resources has established initial oil and gas production from an eight-well appraisal and development drilling project on its Antelope project in Duchesne County, Utah.
7:00 PM EST | December 17, 2009
Drillers Still Uncover Promising Oil Bounty in GOM
Despite a tough economy that forced cuts elsewhere, oil and gas producers in 2009 continued their push into the deep-water Gulf of Mexico, and many of their efforts were rewarded.
7:00 PM EST | December 06, 2009
Newfield Exploration Reports 3Q Financial, Operating Results
Newfield Exploration has reported its unaudited third quarter 2009 financial and operating results.
8:00 PM EST | October 20, 2009
Newfield, Hess Team Up to Explore Marcellus Shale Play
Operator Newfield has formed a 50-50 joint venture with Hess to explore in the Marcellus Shale play, covering up to 140,000 gross acres.
8:00 PM EST | October 13, 2009