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Focuses on how Newfield Exploration Co. competed with other companies that are larger and have much greater resources in the Gulf of Mexico. Newfield's total oil and gas reserves in 1998; Challenges Newfield had to overcome; Production growth of the company; Cost management.

This section offers news briefs on oil processing. Newfield Exploration Co. has agreed to supply crude oil to the refinery of Tesoro Corp. in Salt Lake City, Utah. A cryogenic plant is being constructed by Superior Pipeline Co. LLC, a subsidiary of Unit Corp., in Kay County, Oklahoma as part of an agreement with Range Resources Corp. Shaw Group Inc. has won a contract from South Refineries Co. to provide a feasibility study for the rehabilitation of its refinery in Basra.

This article reports on a net resource potential oil sees by Newfield Exploration Co. on its holdings in the Uinta basin in Texas. Newfield plans to increase the number of its operated rigs in 2012. The company expects the basin to increase its daily production by at least 25 percent from 2011. It also intends to expand its future growth in production and reserves in the basin.

This section offers oil and gas exploration and development news briefs. Norwegian energy company Statoil is planning to develop a gas and condensate discovery in the Norwegian North Sea. Independent oil and gas company Newfield Exploration Co. has started producing oil from the Woodford shale formation, Arkoma basin, Oklahoma. Shale gas exploration and development company Realm Energy International Corp. is building a portfolio of shale gas and shale oil acreage in continental Europe.

The article reports on the decision of petroleum, natural gas, and natural gas liquids exploration and production company Newfield Exploration Company to divest all of its Texas assets in deals with business development service company Protege LLC in Tulsa, Oklahoma and an unidentified buyer.

The article reports that petroleum firm Newfield Exploration Co. has agreed on the acquisition of petroleum firm STACK's acreage from Chesapeake Energy Corp., and mentions that the acreage to be acquired is held by production.

The article reports on the plan of Newfield Exploration Co., an independent oil and gas company based in Houston, Texas to retain its assets in China.

The article reports on the purchase of the assets of Granite Wash from Newfield Exploration Co. by Templar Energy LLC for $588 million effective July 1, 2014.

The article presents information on recent developments related to the petroleum industry. Newfield Exploration Co. has signed an agreement to sell all of its Newfield Malaysia Holdings's equity interests to SapuraKencana Petroleum Bhd. According to a report from U.S. Environmental Protection Agency, greenhouse gas emissions from electric power plants in the U.S. declined by 10% from 2010 to 2012.

The article reports the discovery of gas at second pinnacle reef on Block SK 310 offshore Sarawak, Malaysia by Newfield Exploration Co., a crude oil and natural gas exploration company. It states that Diamond Gas Operation Co. Ltd., an oil and gas subsidiary of business enterprise Mitsubishi Corporation in Sarawak owns 30 percent of Block SK 310. Also, another oil and gas exploration company Petronas Carigali owns 40 percent of the Block.

This section offers world news briefs concerning oil and gas exploration and development. Houston, Texas-based Momentum Oil & Gas LLC will acquire Newfield Exploration Co.'s oil and gas properties in Fashing field in South Texas. Santos Ltd. of Adelaide, South Australia has discovered oil in the Carnarvon basin off Western Australia. Woodside Petroleum has discovered natural gas off Western Australia.

This section offers U.S. oil and gas exploration and development news briefs as of March 14, 2011. Gastar Exploration Ltd. confirms the presence of high-quality reservoirs at the Belin-2 well in East Texas. Breitling Oil & Gas Corp., Irving in Texas spudded a development well to Holmes sand and Mississippian Chappel dolomite in Hardeman County, Texas. Newfield Exploration Co. and Harvest Natural Resources Inc. are drilling the last well of the Monument Butte field extension project in Utah.

The article focuses on the results of the initial assessment of the Eagle Ford shale of Newfield Exploration Co. in the Maverick basin of southwest Texas. Newfield will attempt completion in the 2011 first quarter of two Pearsall wells it drilled in 2010. Newfield plans to run at least two rigs in 2011 and to maintain lease positions and satisfy drilling commitments.

The article focuses on the commercial potential seen by Newfield Exploration Co. in the Pearl River Mouth basin off China. Newfield Exploration Co., it says, has identified independent untested structures after it shot 200 square kilometers of 3 dimensional (3D) seismic for assessing the structural complex in 2007 that it will be accelerating Phase II drilling. It also notes the right of China National Offshore Oil Corp. to participate in the development with a 51% interest.

The article focuses on the trend in selling personally owned stock among independent oil production companies. XTO Energy sold its insider stocks as a way of dealing with the issues on debt, personal interests and family liquidity. On the other hand, Chesapeake Energy Corp. decided to sell all of its common shares in order to meet its margin loan calls. Other companies announced their capex cutback which include Newfield Exploration Co,. SandRidge Energy Inc. and Equitable Resources Inc.

The article reports that Newfield Exploration Co. has demonstrated that longer horizontal lateral drilling and three-dimensional (3D) seismic led to higher estimated recoveries and improved rates of return in the Arkoma basin Woodford shale gas in Oklahoma. Midcontinent vice-president George Dunn explains that drilling and 3D seismic helped determine the use of extended lateral completions across its 165,000 net acres. Newfield plans to drill 100 operated horizontal wells in the Arkoma.

The article reports on the improvement in estimated ultimate recoveries (EUR) in the Arkoma basin in southeastern Oklahoma due to longer horizontal laterals in Devonian Woodford shale, as announced by Newfield Exploration Co. The company claims that a study of longer-term production from nearly 100 operated horizontal wells indicates that the average frac stage will ultimately recover 600 MMcf of gas. Newfield also noted that it has spud 140 operated horizontal wells.

The article announces appointments in the oil and gas industry as of August 27, 2007 including John Lowe as executive vice-president for energy and petroleum at ConocoPhillips, John S. Watson as executive vice-president at Chevron Corp., and David F. Schaible as president and chief operating officer at Newfield Exploration Co.

This section offers oil and gas company news briefs as of July 2007. Linn Energy LLC agreed to buy for 2.05 billion U.S. dollars (USD) from Dominion several oil exploration and production (E&P) assets in the U.S. Midcontinent. McMoran Exploration Co. agreed to buy for 1.1 billion USD the shallow-water Gulf of Mexico properties of Newfield Exploration Co. A definitive merger agreement has been signed by Cal Dive International Inc. and Horizon Offshore Inc.

The article features 15-year agreement signed by Houston, Texas' Newfield Exploration Co. with Denver, Colorado's Markwest Energy Partners LP . It is stated that both agreed to construct and operate gas gathering pipelines and related facilities of Newfield's Devonian Woodford shale play in Arkoma basin of Southeastern Oklahoma. Markwest indicated investing 350 million dollars over 4 years starting 2007 to build compression, dehydration and treating gathering infrastructure in 200 square miles.

The article reports that a subsidiary of Newfield Exploration Co. has signed a production-sharing agreement (PSC) with Petronas Carigali Sdn. Bhd. of Malaysia for a block which covers 335,000 acres in the Malay basin off Kemaman, Terengganu.

The article reports on the plan of Newfiled Exploration Co. to develop the Monument Butte oil and gas field in the northern Uinta basin in Utah, as of April 2005.

The article announces the appointments of executives in the oil and gas industry, including David A. Trice as chairman of Newfield Exploration Co., Simon Lockett as chief executive officer (CEO) of Premier Oil PLC and Don Foulkes as CEO of AltaCanada Energy Corp.

The article reports in the ultradeep well exploration projects of Newfield Exploration Co. in Houston, Texas on the Gulf of Mexico shelf as of 2004. It discusses the geological and mechanical risks versus the potential of recoverable gas in assets Newfield acquired from EEX in 2002. Comment from David A. Trice, Newfield president and chief executive officer (CEO), is presented.

The article provides information on the two applications which helped Newfield Exploration Co. significantly improve operational limits when it acquired high-quality data at unprecedented temperature extremes. The company has acquired measurement-while-drilling (MWD) and logging-while-drilling (LWD) technology. However, the technology's ability to acquire well bore and formation data in high-temperature South Texas wells has been limited.

The article reports on the decision of Newfield Exploration Co. to sign an agreement to acquire EEX Corp. of Houston, Texas in June 2002. According to Newfield president and chief executive officer (CEO) David A. Trice, the merger will turn the combined companies as one of the largest independent producers in South Texas. He added that Newfield will be given an opportunity to enter the deepwater Gulf of Mexico due to the deal. Also cited are the deepwater blocks owned by EEX in the Gulf.

A correction to the article on a deal involving the underwriting of senior notes on behalf of Newfield Exploration Co. that was published in the December 3, 2001 issue is presented.

This section offers news briefs concerning acquisitions in the U.S. oil and gas industry. Lariat Petroleum Inc. has been acquired by Newfield Exploration Co. The natural gas assets of Koch Industries Inc. in nine Texas counties have been bought by Sid Richardson Gasoline Co. The assets of Van Leeuwen Pipe & Tube Corp. will be purchased by Wilson Industries Inc.

Presents news briefs related to the petroleum and natural gas industries as of February 14, 2000. Includes Newfield Exploration Co.'s acquisition of interests in South Texas producing natural gas assets from an undisclosed seller; Spars International Inc.'s dissolution by partners J. Ray McDermott SA and Aker Maritime; Oneok Inc.'s acquisition of certain assets from Kinder Morgan Inc.

Focuses on developments related to petroleum drilling-production, current as of September 20, 1999. Includes blowout of a well by Newfield Exploration Co. in the Gulf of Mexico; Burlington Resources Inc.'s gas production activities in the East Irish Sea.

Presents news briefs on petroleum and natural gas companies as of August 16, 1999. Companies that acquired the Western Canada oil and gas assets of BP Amoco PLC; Plans of Newfield Exploration Co. to acquire fields from Phillips Petroleum Co.

Reports on the plan of Samedan Oil Corp. to complete a well on East Cameroon Block 331 in the United States Gulf before 1994 ends. Installation of a platform; Production plans of Newfield Exploration Co. on a gas discovery on South Timbalier Block 111.

Reports on petroleum exploration activities along the Gulf Coast. Plan of Newfield Exploration Co. to drill wells in Eugene Island Block 182; Purchase of working interest of Marathon Oil Co. in Eugene Island Block 57 by Energy Development Corporation.