Newfield Exploration Company Overview and Operations

Newfield Exploration Company is a leading independent energy company that operates primarily in the United States. Newfield Exploration was founded in 1988.

The company is headquartered in Houston, Texas, and has a strong presence in the Permian Basin, the Delaware Basin, and the Mid-Continent region. Newfield Exploration has a diverse portfolio of assets.

Newfield Exploration's operations are focused on the exploration, development, and production of oil and natural gas. The company has a long history of success in the energy industry.

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Newfield Exploration has a history of addressing environmental concerns. In early 2012, the company discovered potential violations of the Clean Water Act. This issue was related to possible unpermitted discharges of fill materials into certain wetlands and drainages in the Uinta Basin. Newfield resolved these issues with the Environmental Protection Agency in 2015. The company paid a fine of $175,000 as a result.

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Newfield Exploration has a presence in several locations across North America. The company's headquarters is located in The Woodlands, Texas 77030, US.

Newfield Exploration operates oil and gas facilities in various cities, including Calgary, AB, Denver, Colorado, Houston, Texas, Oklahoma City, Oklahoma, and New York, NY.

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Newfield made a strategic move in 1995 by expanding onshore in Louisiana for the first time. This move allowed the company to have a place to drill economically in case offshore rig rates increased.

The fields chosen for the onshore expansion were similar to the geology and geophysics with which the company was familiar offshore. This familiarity was crucial in helping the company apply its expertise in 3D seismic technology to a new area.

The first significant onshore success came in 1998 with the drilling of an exploratory well in the Lafayette area of Louisiana. This marked a major milestone for Newfield's onshore operations.

Newfield remained active in the Gulf of Mexico, where it was the 17th largest producer in 1995. The company drilled 16 exploratory wells that year, with ten resulting in discoveries.

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Our company has a strong presence in several key locations across North America. The Woodlands, Texas, is our primary location, where you can find us at 77030, US.

We also have a significant presence in the oil and gas industry, with offices in major cities such as Calgary, AB, Denver, Colorado, Houston, Texas, and Oklahoma City, Oklahoma.

Our locations are strategically chosen to be close to major industry hubs, making it easier for us to connect with clients and partners.

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Newfield Exploration has a significant presence in the Eagle Ford Shale, with operations spanning over 500,000 acres in the region.

The Eagle Ford Shale is a major oil and gas play in the United States, stretching across southern Texas and northern Mexico.

Newfield Exploration's operations in the Eagle Ford Shale have been successful, with the company producing over 50,000 barrels of oil equivalent per day from the area.

The Eagle Ford Shale is known for its rich reserves of oil and natural gas, with estimates suggesting it holds over 10 billion barrels of oil and 60 trillion cubic feet of natural gas.

Newfield Exploration has been actively developing its assets in the Eagle Ford Shale through the use of advanced drilling and completion techniques.

Newfield Exploration has a diverse range of subsidiaries that help the company operate effectively.

Newfield Explorations Mid-Continent Inc. is one of the key subsidiaries of Newfield Exploration.

Newfield Gulf Coast Inc. and EEX Exploration and Production Company LLC are also important subsidiaries of the company.

Newfield International Holdings Inc. oversees the company's international operations, which is a significant part of Newfield Exploration's business.

Newfield Exploration has a significant presence in Texas, operating wells under various subsidiaries, including Newfield Expl. Mid-Con. Inc, Newgulf Petroleum, LLC, and numerous others.

Newfield Exploration Company has a total of 0 producing wells, according to their activity summary.

Newfield Exploration's wells in Texas are operated by multiple entities, listed below:

The production chart for Newfield Exploration Company is a key indicator of their drilling activities. There are no permits filed with the state that Newfield Exploration Company can drill in the future.

Newfield Exploration Company's production chart is a valuable tool for understanding their current and potential drilling activities. Newfield Exploration Company has no future drilling permits filed.

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Texas is a major player in the oil and gas industry, with many companies operating wells throughout the state.

Newfield Exploration Company is one such company with several wells in Texas.

Here are some of the notable companies operating wells in Texas, categorized by their names:

Newfield Expl. Mid-Con. Inc, Newgulf Petroleum, LLC, and Newman Corporation are all subsidiaries of Newfield Exploration Company.

Newman Operating Company operates wells in Texas, as does Newman & Scott.

Other notable companies operating wells in Texas include New Mexico Westbrook Oil Corp., Newpek, LLC, Newport Operating, LLC, and New Source Oil & Gas, LLC.

Here's a list of some of the companies mentioned, grouped by category:

Other notable companies operating wells in Texas:

Newfield Exploration was founded in 1988 by Joe B. Foster with an initial investment of $9 million.

The company's first production property, Eugene Island Block 172, was purchased in 1990 and its production increased from 0.2 million cubic feet per day to over 20 million cubic feet per day by the end of the year.

Newfield went public in November 1993, trading on the NYSE under the symbol "NFX" with an initial share price of $4.38.

In 1999, the company acquired Gulf Australia Resources Limited, which had assets in the Timor Sea.

Newfield acquired Lariat Petroleum in 2001, establishing a new focus area in the Anadarko Basin of Oklahoma.

The company acquired EEX Corporation and its asset base in South Texas in 2002 for $640 million.

Newfield began operations in the Rocky Mountains in 2004 with the acquisition of Inland Resources.

In 2005, the company explored the South China Sea in a partnership with CNOOC.

Newfield sold its assets in the North Sea for $486.4 million in 2007.

The company leased land in Pennsylvania in the Marcellus Formation in 2009, but pulled out of those leases in 2013.

Newfield sold its remaining assets in the Gulf of Mexico to W&T Offshore in 2012.

The company sold its assets in Malaysia to SapuraKencana Petroleum Berhad for $896 million in 2014.

Newfield was acquired by Encana in February 2019.

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Newfield Exploration has a significant presence in the international market, with operations established in 2004.

They now operate numerous shallow water oil developments and exploration projects in the South China Sea and Bohai Bay, China.

Newfield has plans to continue developing the Malaysian offshore oil fields.

Two exploratory commitment wells are set to be drilled offshore China in the Pearl River Mouth Basin.