Key Developments: Newfield Exploration Co (NFX.N)
7 Mar 2014
Latest Key Developments (Source: Significant Developments)
Newfield Exploration Company announced that for fiscal 2012, it is raising its expectations for total Company production to 296 -- 304 Bcfe (previous guidance was 292 -- 302 Bcfe). Full Article
Newfield Exploration Company announced that it has priced its public offering of $1 billion of 5 5/8% Senior Notes due 2024. The notes were issued at par. The Company expects to close the offering on June 26, 2012 and intends to use the net proceeds from the offering to fund its tender offer and consent solicitation for its existing 6 5/8% Senior Subordinated Notes due 2016 and to reduce borrowings outstanding under its credit arrangements. Wells Fargo Securities, LLC is acting as sole book-running manager for the offering. Full Article
Newfield Exploration Company announced that it has raised its fiscal 2012 expectations for total company production to 292-302 Bcfe (previous guidance was 290-300 Bcfe). For the second quarter of 2012, Newfield expects production to be approximately 76 Bcfe (comprised of 40 Bcfe of natural gas, 3.6 MMBbls of domestic oil and liquids and 2.4 MMBbls of international oil). Full Article
HONG KONG, Feb 14 - Hong Kong-listed oil trader and shipping firm Brightoil Petroleum Holdings has held talks with U.S. oil companies Anadarko Petroleum Corp and Newfield Exploration Co to buy their China operations, sources with knowledge of the matter told Reuters.