Headquartered in Houston, Texas, Newfield Exploration is an independent company that specializes in the exploration and production of crude oil and natural gas. Its operations in the United States include the Mid-Continent region of Oklahoma and northern Texas, along the Rocky Mountains, southern and coastal Texas, the Gulf of Mexico, and recently in Pennsylvania along the Appalachia Mountains. Newfield also operates internationally through numerous sites offshore of Malaysia and China. By the end of 2009, total proved reserves were 3.6 trillion cubic feet equivalent with approximately 85% of those reserves being located onshore of the U.S. Newfield's present base is estimated to be about 70% natural gas. Today, Newfield has an enterprise value of more than $8.5 billion. Wikipedia.
News Article | December 2, 2016
Minimum investment in two concessions of $27.4 million in first exploration phase CAIRO and HOUSTON, Dec. 2, 2016 /PRNewswire/ -- Apex International Energy (www.apexintl.com), an independent oil and gas exploration and production company focused on Egypt, is pleased to announce that it has been awarded Blocks 8 and 9 by the Egyptian General Petroleum Company (EGPC) from their 2016 Bid Round. Block 8 and 9 are both located within the prolific Abu Gharadig Basin in Egypt's Western Desert and cover 6,714 square kilometers (2,592 square miles or 1.7 million acres) in total. Specific details are below: Apex has committed to invest $27.4 million during the first exploration phase to acquire and process 3D seismic and drill six exploration wells. Roger B. Plank, Founder and Chief Executive Officer of Apex International Energy, said, "We are delighted that EGPC has awarded Apex our first concessions in Egypt, enabling us to establish a foothold in the prolific Western Desert. With 1.7 million acres now in hand, this is an important step in our mission to build an oil and gas business of scale in Egypt and we are eager to start investing in the considerable potential of these Blocks." Thomas M. Maher, President and Chief Operating Officer of Apex International Energy, said, "We are pleased to have been awarded these Blocks and look forward to working closely with EGPC and the Ministry of Petroleum to finalize the Concession Agreements as quickly as possible. Apex looks forward to applying our broad industry experience together with modern exploration and production technologies to develop the Blocks to their maximum potential." Apex International Energy is an independent oil and gas exploration and production company focused on Egypt backed by Warburg Pincus, a global private equity firm focused on growth investing. Apex International Energy plans to build an exploration and production business of scale through asset acquisitions and capital investments in drilling, infrastructure and production enhancement to deliver long-term profitable growth in production and reserves. Apex International Energy will also pursue farm-in transactions and participate in new concession bid rounds. For more information, please visit www.apexintl.com. Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $40 billion in private equity assets under management. The firm's active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 15 private equity funds, which have invested more than $58 billion in over 760 companies in more than 40 countries. For more than two decades, Warburg Pincus has invested or committed over $13 billion across more than 75 energy investments around the world with a focus on upstream, midstream and downstream oil and gas; energy services and technology; power generation and transmission; alternative energy and renewables; and mining and metals. Notable investments include Antero Resources, Bill Barrett Corporation, Broad Oak Energy, Encore Acquisition Company, Kosmos Energy, Laredo Petroleum, MEG Energy, Newfield Exploration, Spinnaker Exploration and Targa Resources. The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore. For more information please visit www.warburgpincus.com.
News Article | December 15, 2016
THE WOODLANDS, Texas, Dec. 15, 2016 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) will host its fourth quarter / full year 2016 earnings conference call at 10:00 a.m. (CST), Wednesday, February 22, 2017. The Company plans to release its fourth quarter earnings after market clos...
News Article | February 21, 2017
THE WOODLANDS, Texas, Feb. 21, 2017 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) today reported its fourth quarter 2016 financial results, as well as 2016 year-end proved reserves. Additional operational details can be found in the Company's @NFX publication, located on its...
News Article | February 21, 2017
THE WOODLANDS, Texas, Feb. 21, 2017 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) today provided its 2017 capital plan and a multi-year production growth outlook for the Company, driven by its industry-leading position in the SCOOP and STACK plays in the Anadarko Basin of...
News Article | November 1, 2016
THE WOODLANDS, Texas, Nov. 1, 2016 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) today reported its third quarter 2016 unaudited financial and operating results. Additional operational details can be found in the Company's @NFX publication, located on its website. Newfield...
News Article | December 23, 2016
NEW YORK, December 23, 2016 /PRNewswire/ -- This Friday, Stock-Callers.com looks at the performance of these four Oil & Gas stocks Continental Resources Inc. (NYSE: CLR), SM Energy Company (NYSE: SM), Baytex Energy Corporation (NYSE: BTE), and Newfield Exploration Company (NYSE:...
News Article | November 7, 2016
THE WOODLANDS, Texas, Nov. 7, 2016 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) is scheduled to present at the following events: Bank of America Merrill Lynch Global Energy Conference *8:00 a.m. (Central), November 17, 2016 Jefferies Energy Conference *11:00 a.m. (...
News Article | February 22, 2017
NEW YORK, February 22, 2017 /PRNewswire/ -- Stock-Callers.com has taken note of the recent performances of four equities in the Independent Oil and Gas industry which are: SM Energy Co. (NYSE: SM), Continental Resources Inc. (NYSE: CLR), Newfield Exploration Co. (NYSE: NFX), and EP...
News Article | August 22, 2016
Newfield Exploration Co., Houston, has agreed to divest all of its assets in Texas in separate deals with Protege LLC, Tulsa, and an undisclosed buyer for combined net aftertax proceeds of $390 million. The two deals are expected to close in the third quarter.
News Article | December 1, 2016
THE WOODLANDS, Texas, Dec. 1, 2016 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) is scheduled to present at the following events: Capital One Securities 11th Annual Energy Conference *10:20 a.m. (Central), December 8, 2016 *A live webcast of the presentation will be...