Key Developments: Newfield Exploration Co (NFX.N)

NFX.N on New York Stock Exchange

38.59USD
19 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Newfield Exploration Corp reaffirms FY 2014 production outlook; gives Q3 2014 production outlook
Tuesday, 29 Jul 2014 04:31pm EDT 

Newfield Exploration Corp:Expects FY 2014 production in the range of 46.5 -- 48.5 MMBOE.Expects Q3 2014 production in the range of 12.1 -- 12.3 MMBOE.  Full Article

Newfield Exploration Co signs agreement to sell Granite Wash Assets
Tuesday, 29 Jul 2014 04:29pm EDT 

Newfield Exploration Co:Signs $588 mln purchase and sale agreement for Granite Wash assets to Oklahoma City-based Templar Energy LLC.Sale will have effective date of July 1, 2014, and is expected to close in third quarter of 2014.Newfield's assets in Granite Wash include about 42,000 net acres and current net daily production is nearly 65 MMcfe/d, of which about 60 pct is natural gas.Proved net reserves at year-end 2013 were about 38 MMBOE.Newfield intends to use proceeds from this sale to call its 71/8 pct Senior Subordinated Notes due in 2018.  Full Article

Newfield Exploration raises FY 2014 production guidance
Thursday, 17 Jul 2014 08:08am EDT 

Newfield Exploration Co:Raised FY 2014 production forecast to 46.5 - 48.5 MMBOE (previous guidance was 44 - 48 MMBOE).  Full Article

Newfield Exploration reaffirms FY 2014 production guidance and gives Q2 2014 production guidance
Tuesday, 29 Apr 2014 04:04pm EDT 

Newfield Exploration Co:Expects FY 2014 production between 44.0 - 48.0 mln BOE.Expects Q2 2014 production between 10.7 - 11.3 mln BOE.  Full Article

Newfield Exploration Co gives FY and Q1 2014 production guidance
Tuesday, 25 Feb 2014 04:19pm EST 

Newfield Exploration Co:Expects FY 2014 production between 44.0 - 48.0 mln BOE.Expects Q1 2014 production between 10.1 - 10.4 mln BOE.  Full Article

Newfield Exploration Co Raises FY 2013 Production Guidance
Monday, 4 Nov 2013 04:01pm EST 

Newfield Exploration Co raised its production guidance for fiscal 2013 to approximately 48 million BOE (previous guidance was 46-47 million BOE). The guidance includes approximately 8 million BOE from discontinued international operations.  Full Article

Newfield Exploration Co Signs Share Purchase Agreement for its Offshore Malaysian Business
Tuesday, 22 Oct 2013 07:00am EDT 

Newfield Exploration Company announced the signing of a share purchase agreement to sell all of its equity interests in Newfield Malaysia Holdings to SapuraKencana Petroleum Berhad for a total cash consideration of $898 million, which is expected to close in early 2014. The agreement is subject to the approval of Petroliam Nasional Berhad (PETRONAS) under the applicable Production Sharing Contracts, the purchaser's shareholder approval and customary closing conditions. Newfield intends to offer preferential rights to its partners under the Joint Operating Agreements. The agreement was executed after the Company undertook a thorough and rigorous bidding exercise involving over 40 companies.  Full Article

Newfield Exploration Co Announces Appointment Of Lawrence S. Massaro to succeed Terry W. Rathert as Executive Vice President and Chief Financial Officer-Form 8-K
Tuesday, 15 Oct 2013 03:56pm EDT 

Newfield Exploration Co reported in its Form 8-K that on October 14, 2013, the Company announced that Terry W. Rathert, a Company founder and the Executive Vice President and Chief Financial Officer (CFO), will retire in August 2014, after more than 25 years with the Company. Newfield’s Board of Directors intends to appoint Lawrence S. Massaro to succeed Mr. Rathert as Executive Vice President and CFO effective November 11, 2013. Mr. Rathert will serve as special advisor through August 2014, assisting during this transitional period.  Full Article

Newfield Exploration Co Raises Low End Of Prior FY 2013 Production Guidance
Wednesday, 24 Jul 2013 04:05pm EDT 

Newfield Exploration Co announced that it has raised its production guidance for fiscal 2013 to 46 - 47 million BOE (previous guidance was 44 - 47 million BOE). The guidance includes approximately 7.2 million BOE from discontinued international operations.  Full Article

Hess Corp and Newfield Exploration Co To Launch Sale Of $3 Billion Of Asian Assets; Kuwait Petroleum Corp's KUFPEC, PTT Exploration and Production PCL, Premier Oil PLC Among Probable Bidders-Reuters
Friday, 21 Jun 2013 01:25am EDT 

Reuters reported that Hess Corp and Newfield Exploration Co have launched two separate auctions to sell part of their Asian oil and gas field stakes that have a combined value of about $3 billion. KUFPEC, a unit of Kuwait Petroleum Corp, Premier Oil, Pertamina Persero PT, and PTT Exploration and Production PCL are among companies considering making bids for the assets. KrisEnergy Holdings Ltd and Talisman Energy Inc are also expected to place bids. KrisEnergy, Talisman, Premier and PTT Exploration declined comment. Hess did not offer an immediate comment. Kuwait Petroleum was not available for comment.  Full Article

Malaysia's SapuraKencana posts profit jump due to acquisitions

KUALA LUMPUR, June 19 - Malaysian oil and gas services firm SapuraKencana Petroleum Bhd said net profit quintupled in the first quarter, driven mainly by contributions from its newly acquired tender rig business from Norway's Seadrill and assets from U.S. firm Newfield Exploration.

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