Newfield Shuts In Gulf of Mexico Production

Newfield Exploration has shut in its Gulf of Mexico production in response to Hurricane Lili. This is the second time in as many weeks that Gulf of Mexico production has been shut-in due to weather.

With Hurricane Lili entering the Gulf of Mexico, Newfield began evacuating non-essential personnel on Monday, September 30. Production shut-ins began on Tuesday, October 1 and are now complete with approximately 430 MMcf/d of gas (gross) and 25,000 BOPD (gross) offline. Newfield's net production in the Gulf of Mexico is nearly 265 MMcf/d of gas and 13,500 BOPD.

From September 24-29, 2002, Newfield shut in approximately 1.5 billion cubic feet equivalent (Bcfe) of net production due to Tropical Storm Isidore. Newfield expects to meet its previously disclosed estimate of third quarter 2002 production of 42.6 -- 47.1 Bcfe. Newfield operates about 140 platforms in the Gulf of Mexico and controls 190 lease blocks.