NEWFIELD EXPLORATION COMPANY
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Newfield Exploration Company engages in the exploration, development, and acquisition of crude oil and natural gas properties. Its areas of operation include the Gulf of Mexico, the United States onshore Gulf Coast, the Anadarko and Arkoma Basins of the Mid-Continent, and the Uinta Basin of the Rocky Mountains, as well as offshore Malaysia, offshore Brazil, China's Bohai Bay, and the North Sea. As of December 31, 2004, the company had proved oil and gas reserves of 1.8 trillion cubic feet equivalent, of which 70% were located onshore in the United States, 28% were located in the Gulf of Mexico, and 2% were located internationally. As of the above date, Newfield Exploration owned interests in approximately 300 leases on the Shelf and 80 leases in deepwater, and approximately 330 gross wells in the Gulf of Mexico; approximately 277,000 gross acres and approximately 495 gross wells the onshore Gulf Coast; approximately 514,000 gross lease acres, 22,000 gross mineral acres, and 2,420 gross wells in the Mid Continent; and 110,000 gross acres, 568 gross producing wells, and 293 water injection wells in the Rocky Mountains. The company was founded in 1988 by Joe B. Foster and is headquartered in Houston, Texas.