Newfield Exploration Focus Areas
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Newfield Exploration Company is an independent crude oil and natural gas exploration and production company headquartered in The Woodlands, Texas. Our growth strategy has evolved since our founding in 1989 and has allowed us to move into unconventional plays, lengthen our reserve life and build a diversified portfolio capable of sustainable future growth. Our primary focus is on domestic, unconventional resource plays.
Rocky Mountains
Our Rocky Mountain region's primary focus is oil. Our assets in this region are characterized by long-lived oil production. We are focused primarily in the Uinta Basin of Utah and the Williston Basin of North Dakota.
- 37% of 2011 Total Company Proved Reserves
- 25% of 2012e Total Company Production
- 44% of 2012e Capital Budget:
- Regional office:
- Denver, Colorado, with operations in Utah, Wyoming, North Dakota, and Montana.
Mid-Continent
We have been active in the Mid-Continent since 2001. In 2012, a major focus will be the aggressive assessment of a new 125,000 net-acre position in the “liquids-rich†Cana Woodford play.
- 47% of 2011 Total Company Proved Reserves
- 40% of 2012e Total Company Production
- 33% of 2012e Capital Budget:
- Regional office:
- Tulsa, Oklahoma.
Onshore Texas
We've been active onshore Texas since the mid-1990s. We have approximately 250,000 net acres in the Maverick Basin, located in Maverick, Dimmit and Zavala counties, Texas.
- 7% of 2011 Total Company Proved Reserves
- 10% of 2012e Total Company Production
- 7% of 2012e Capital Budget:
- Regional office:
- Houston, Texas, with operations in South and West Texas.
Gulf of Mexico
We have a large inventory of deepwater prospects and two active developments.
- 7% of 2011 Total Company Proved Reserves
- 10% of 2012e Total Company Production
- 7% of 2012e Capital Budget:
- Regional office:
- Houston, Texas, with operations in South and West Texas.
Appalachia Basin
International
Our international operations are focused on offshore oil developments and have grown significantly over the last several years in the marine environments of Southeast Asia. We are involved with production, active development and ongoing exploration offshore Malaysia and China.
- 7% of 2011 Total Company Proved Reserves
- 17% of 2012e Total Company Production
- 16% of 2012e Capital Budget:
- International offices:
- Kuala Lumpur, Malaysia and Beijing & Shekou, China.
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