Stock Report: Newfield Exploration Co. (NFX) Report Updated: May 20, 2013 | Print This Page

Newfield Exploration Company, an independent energy company, engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. It has operations in the Mid-Continent, the Rocky Mountains, and onshore Texas, as well as in Malaysia and China. As of December 31, 2011, the company owned interests in approximately 825,000 net acres in the Rocky Mountains; approximately 480,000 net acres in the Mid-Continent; approximately 317,000 net acres in Maverick, Dimmit, and Zavala counties, Texas; approximately 147,000 net acres in conventional onshore Texas plays; and in 91 deepwater leases and approximately 275,000 net acres in the Gulf of Mexico. It also has interests in approximately 925,000 net acres in offshore Malaysia; and approximately 290,000 net acres in offshore China. The company has proved reserves of 3.9 trillion cubic feet equivalent and probable reserves of 2.6 trillion cubic feet equivalent. Newfield Exploration Company was founded in 1988 and is headquartered in The Woodlands, Texas.