Closing of the senior subordinated notes offering is expected to occur on August 18, 2004, and is subject to satisfaction of customary closing conditions. Newfield intends to use the net proceeds of the offering to partially fund its recently announced and pending acquisition of Inland Resources Inc.
This announcement shall not constitute an offer to sell or a solicitation of an offer to buy.
Newfield Exploration Company is an independent crude oil and natural gas exploration and production company. The Company relies on a proven growth strategy that includes balancing acquisitions with drill bit opportunities. Newfield's areas of operation include the Gulf of Mexico, the U.S. onshore Gulf Coast, the Anadarko and Arkoma Basins and select international ventures.
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