Newfield Exploration Co (NFX.N) Key Developments | Reuters.com
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Newfield Exploration Co (NFX.N)

NFX.N on New York Stock Exchange

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29 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Newfield Exploration sees Q2 domestic net production to be more than 13.6 MMBOE
Tuesday, 21 Jun 2016 04:01pm EDT 

Newfield Exploration Co : Newfield provides interim operations update . Q2 2016 net production for company is now expected to exceed mid-point of guidance by approximately 0.5 MMBOE . Domestic net production for q2 of 2016 is expected to be more than 13.6 MMBOE . International net production for q2 of 2016 is expected to be approximately 1.6 MMBOE . International net production for q2 of 2016 is expected to be approximately 1.6 MMBOE . Full-Year 2016 net production for company is now expected to be 56.0 - 58.0 MMBOE . Q2 2016 net production for company is now estimated to be about 15.2 MMBO .Newfield provides interim operations update.  Full Article

Newfield Exploration Co to acquire an additional 42,000 net acres in STACK
Thursday, 5 May 2016 08:18am EDT 

Newfield Exploration Co:Signed a definitive purchase and sale agreement with a subsidiary of Chesapeake Energy Corporation to acquire approximately 42,000 net acres in the Anadarko Basin STACK play for $470 million.Expects to fund the transaction with cash on hand and closing is planned for the second quarter of 2016.  Full Article

Newfield Exploration Co raises FY 2016 production guidance
Tuesday, 3 May 2016 04:01pm EDT 

Newfield Exploration Co:Newfield increased FY 2016 domestic net production guidance to 50 -- 52 MMBOE (previous forecast: 49 -- 51.0 MMBOE).Total Company FY 2016 net production guidance was raised to 54.5 -- 56.5 (previous forecast: 53.3 -- 55.3 MMBOE).  Full Article

Newfield Exploration Co raises FY 2015 production guidance
Tuesday, 3 Nov 2015 04:01pm EST 

Newfield Exploration Co:Increases FY 2015 domestic net production guidance to 50.0 -- 50.5 MMBOE (previous forecast: 48.5 -- 50.0 MMBOE).  Full Article

Newfield Exploration Co gives FY 2015 production guidance
Tuesday, 4 Aug 2015 04:21pm EDT 

Newfield Exploration Co:Expects FY 2015 total company net production guidance to be 53. 5 - 55.0 MMBOE.  Full Article

Newfield Exploration Co completes public offering of $700 mln of 5 3/8 pct senior notes due 2026 - Form 8-K
Thursday, 12 Mar 2015 12:43pm EDT 

Newfield Exploration Co:On March 10, company completed public offering of $700 mln aggregate principal amount of company’s 5 3/8 pct Senior Notes due 2026.  Full Article

Newfield Exploration Co announces upsizing and pricing of $700 mln of 5 3/8 pct senior notes due 2026
Thursday, 5 Mar 2015 04:03pm EST 

Newfield Exploration Co:Has priced its public offering of $700 mln of 5 3/8 pct senior notes due 2026, an increase over previously said offering of $500 mln aggregate principal amount.Notes were issued at par.Expects to close offering on March 10, 2015 and intends to use net proceeds from the offering, along with cash on hand or borrowings under its revolving credit facility, to redeem its outstanding 6 7/8 pct Senior Subordinated Notes due 2020.J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Mitsubishi UFJ Securities (USA), Inc., Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc. and Goldman, Sachs & Co. are acting as joint book-running managers for the offering.  Full Article

Newfield Exploration announces $500 million offering of senior notes
Thursday, 5 Mar 2015 07:48am EST 

Newfield Exploration Co:Says it is commencing a public offering of $500 million of Senior Notes due 2026.Company intends to use the net proceeds from the offering, along with cash on hand or borrowings under its revolving credit facility, to redeem its outstanding 6 7/8 % Senior Subordinated Notes due 2020.Says J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Mitsubishi UFJ Securities (USA), Inc., Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc. and Goldman, Sachs & Co. are acting as joint book-running managers for the offering.  Full Article

Newfield Exploration announces closing of public common stock offering and full exercise of option to purchase additional shares
Tuesday, 3 Mar 2015 01:52pm EST 

Newfield Exploration:Says the closing of its previously announced Public offering of 25,300,000 shares of its common stock, including 3,300,000 shares sold to the underwriters pursuant to their option to purchase additional shares, which the underwriters exercised in full on Feb. 27.Following this issuance, Newfield now has about 162,687,200 shares of common stock issued and outstanding.Total net proceeds of the offering, after underwriting discounts and estimated offering expenses, will be about $815 mln and will be used to repay amounts outstanding under Newfield's credit facility and money market lines of credit and for general corporate purposes.Credit Suisse Securities (USA) LLC acted as sole book-running manager for the offering.J.P. Morgan Securities LLC, Goldman, Sachs & Co., Tudor, Pickering, Holt & Co. Securities, Inc., and Wells Fargo Securities, LLC acted as co-managers for the offering.  Full Article

Newfield Exploration announces upsizing and pricing of public offering of common stock
Thursday, 26 Feb 2015 09:21am EST 

Newfield Exploration Co:Prices an underwritten public offering of 22,000,000 shares of its common stock, which was upsized from the previously announced offering of 18,000,000 shares.Total gross proceeds of the offering (before underwriter's discounts and commissions and estimated offering expenses) will be about $726 mln.Grants the underwriter a 30-day option to purchase up to 3,300,000 additional shares of its common stock.Net proceeds from the offering will be used to repay amounts outstanding under Newfield's credit facility and money market lines of credit and for general corporate purposes.Credit Suisse Securities (USA) LLC is acting as sole book-running manager for the offering.  Full Article

QEP Resources to pay $600 million for Permian shale acreage

HOUSTON U.S. oil producer QEP Resources Inc said on Tuesday it would spend $600 million to buy acreage in the Permian Basin of Texas, the latest in a recent string of sector acquisitions as crude prices stabilize near $50 per barrel.