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Newfield Exploration Company, Company Intelligence Report - Product Image

Newfield Exploration Company, Company Intelligence Report

  • Published: July 2013
  • 155 pages
  • GlobalData

Newfield Exploration Company, Company Intelligence Report

Summary

Newfield Exploration Company (Newfield) is an independent Exploration and Production (E&P) company, engaged in the acquisition, exploration and development of oil and natural gas in the US and southeast Asia. Its E&P activities are mainly focused on unconventional plays in the US. Apart from this, Newfield also operates in the onshore Gulf Coast area and has oil development projects in Malaysia and China. In the US, the company’s operations are primarily focused in three areas: the Mid-continent area; the Rocky Mountains; and the onshore Gulf Coast region. The company’s operations in the Mid-continent area are mainly focused in the Cana Woodford formation, Woodford Shale in the Arkoma Basin, and Granite Wash play in the Anadarko Basin. Its operations in the Rocky Mountains include its E&P activities in the Uinta Basin and the Williston Basin. Newfield’s onshore operations in the Gulf Coast region are mainly focused in the Maverick Basin.

Scope

- Key Highlights: This section provides detailed analysis on the company’s overall oil and gas value chain, new projects, READ MORE >

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1

1.1 List of Tables
1.2 List of Figures
2 Newfield Exploration Company, Company Overview
3 Newfield Exploration Company, Key Highlights
3.1 Diversified Asset Portfolio to Map Future Production Growth
3.2 Substantial Liquidity Base to Exploit Potential Opportunities and Provide Cash Cushion
4 Newfield Exploration Company, SWOT Analysis
4.1 Strengths
4.1.1 Diversified Portfolio with Long-lived Unconventional Asset Production
4.1.2 High Reserve Replacement Ratio and Long Reserve Life
4.2 Weaknesses
4.2.1 High Dependence on Natural Gas
4.3 Opportunities
4.3.1 Potential to Increase Oil Production
4.4 Threats
4.4.1 Obstacles in Implementing Capital Spending Plan
4.4.2 Weaker Natural Gas Prices in the US
5 Newfield Exploration Company, Goals and Strategies
5.1 Focus on Domestic Unconventional Resource Plays of Scale
5.2 Maintaining Financial Strength
5.3 Increase Exposure to Oil
6 Newfield Exploration Company, Production Overview
6.1 Production Profile
6.2 Asset Portfolio
6.2.1 Rocky Mountains Region
6.2.2 Mid-continent Region
6.2.3 Onshore Gulf Coast
6.2.4 International
7 Capital Expenditure
7.1 Costs Incurred
8 Acreage
9 Newfield Exploration Company, Exploration and Development Overview
9.1 The US
9.1.1 Rocky Mountains
9.1.2 Mid-continent Region
9.1.3 Onshore Gulf Coast
9.2 International
9.2.1 Malaysia
9.2.2 China
10 Newfield Exploration Company, M&A Highlights
11 Newfield Exploration Company, Forecast Production and Financial Statements
11.1 Income Statement, 2010–2017
11.2 Balance Sheet, 2010–2017
11.3 Cash Flow Statement, 2010–2017
11.4 Financial Ratios
12 Newfield Exploration Company, Valuation
13 Newfield Exploration Company, Peer Comparison
13.1 Share Price Performance
13.2 Operational and Financial Performance
13.3 Key Financial and Operational Ratio
14 Newfield Exploration Company, Oil & Gas Exploration and Production Operations and Cost Analysis
14.1 Newfield Exploration Company, Valuation and Financial Data
14.1.1 Newfield Exploration Company, Share Price Performance
14.2 Newfield Exploration Company, Key Valuation Metrics
14.2.1 Key Valuation Metrics, Q1, 2012-Q1, 2013
14.3 Newfield Exploration Company, Quarterly Results of Oil & Gas Operations Per boe Produced
14.3.1 Results of Oil & Gas Operations Per boe Produced, Q1, 2012-Q1, 2013
14.3.2 Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2012-Q1, 2013
14.4 Newfield Exploration Company, Quarterly E&P Costs Trends
14.4.1 Upstream Capital Expenditure, Q1, 2012-Q1, 2013
14.5 Newfield Exploration Company, Quarterly Production Trends
14.5.1 Newfield Exploration Company, Total Oil and Gas Production
14.5.2 Newfield Exploration Company, Crude Oil Production
14.5.3 Newfield Exploration Company, Natural Gas Production
14.6 Newfield Exploration Company, Valuation and Financial Data, 2008-2012
14.6.1 Newfield Exploration Company, Share Price Performance, 2008-2012
14.7 Newfield Exploration Company, Production and Reserves Trends
14.7.1 Total Oil and Gas, Reserves and Production
14.7.2 Crude Oil/Liquids Production and Reserve
14.7.3 Natural Gas Production and Reserve
14.7.4 Total Crude Oil and Natural Gas Reserves Life Index
14.8 Newfield Exploration Company, E&P Costs Trends
14.8.1 Allocation of the Upstream Capital Expenditure
14.8.2 Oil and Gas Cost Per boe, US$/boe
14.9 Newfield Exploration Company, Reserve Replacement Ratio
14.9.1 Oil and Gas Production Replacement Ratio
14.10 Newfield Exploration Company, Results of Oil & Gas Operations Trend
14.10.1 Oil and Gas Revenue and Expenses
14.10.2 Oil and Gas Revenue and Expenses, Per boe
14.10.3 Oil and Gas Performance Metrics
14.11 Newfield Exploration Company, Land Holdings and Well Data
14.11.1 Developed and Undeveloped Acreage
14.11.2 Well Statistics
15 Appendix
15.1 Abbreviations
15.2 Sources
15.3 Methodology
15.3.1 Coverage
15.3.2 Secondary Research
15.3.3 Primary Research
15.4 Disclaimer

1.1 List of Tables
Table 1: Newfield Exploration Company, Total Proved Reserves, Production and Revenue, 2009–2012
Table 2: Newfield Exploration Company, Upstream Growth Profile (mmboe), 2013–2017
Table 3: Newfield Exploration Company, Recent Transactions as a Seller, 2007–2012
Table 4: Newfield Exploration Company, Recent Transactions as a Buyer, 2007–2011
Table 5: Newfield Exploration Company, Forecast Production, 2010–2017
Table 6: GlobalData, Price Forecasts, 2013–2017
Table 7: Newfield Exploration Company, Income Statement (US$ MM), 2010–2017
Table 8: Newfield Exploration Company, Balance Sheet (US$ MM), 2010–2017
Table 9: Newfield Exploration Company, Cash Flow Statement (US$ MM), 2010–2017
Table 10: Newfield Exploration Company, Profitability Ratios, 2010–2017
Table 11: Newfield Exploration Company, Other Financial Ratios, 2010–2017
Table 12: Newfield Exploration Company, Free Cash Flow Calculation (US$ MM), 2013
Table 13: Newfield Exploration Company, DCF Calculation, 2013
Table 14: Newfield Exploration Company Vs. Peer Group, Operational and Financial Performance, 2012
Table 15: Newfield Exploration Company and Peer Group Comparison, Financial Ratios, 2012
Table 16: Newfield Exploration Company, Share Price Performance, Q1, 2012-Q1, 2013
Table 17: Newfield Exploration Company, Key Valuation Metrics, Q1, 2012-Q1, 2013
Table 18: Newfield Exploration Company, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2012-Q1, 2013
Table 19: Newfield Exploration Company, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2012-Q1, 2013
Table 20: Newfield Exploration Company, Upstream Capital Expenditure, Q1, 2012-Q1, 2013
Table 21: Newfield Exploration Company, Total Crude Oil and Natural Gas, Production, Q1, 2012-Q1, 2013
Table 22: Newfield Exploration Company, Total Oil & Gas Production, By Country/Region, MMboe, Q1, 2012-Q1, 2013
Table 23: Newfield Exploration Company, Total Crude Oil Production, MMbbl, Q1, 2012-Q1, 2013
Table 24: Newfield Exploration Company, Crude Oil Production, By Country/Region, MMbbl, Q1, 2012-Q1, 2013
Table 25: Newfield Exploration Company, Total Natural Gas Production, Bcf, Q1, 2012-Q1, 2013
Table 26: Newfield Exploration Company, Natural Gas Production, By Country/Region, Bcf, Q1, 2012-Q1, 2013
Table 27: Newfield Exploration Company, Share Price Performance, 2008-2012
Table 28: Newfield Exploration Company, Key Valuation Metrics, 2008-2012
Table 29: Newfield Exploration Company, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2008-2012
Table 30: Newfield Exploration Company, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, MMboe, 2008-2012
Table 31: Newfield Exploration Company, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2008-2012
Table 32: Newfield Exploration Company, Crude Oil Production and Reserves Metrics, MMbbl, 2008-2012
Table 33: Newfield Exploration Company, Crude Oil Production and Reserves, By Country/Region, MMbbl, 2008-2012
Table 34: Newfield Exploration Company, Crude Oil Reserve Changes, MMbbl, 2008-2012
Table 35: Newfield Exploration Company, Natural Gas Production and Reserves Metrics, Bcf, 2008-2012
Table 36: Newfield Exploration Company, Natural Gas Production and Reserves, By Country/Region, Bcf, 2008-2012
Table 37: Newfield Exploration Company, Natural Gas Reserve Changes, Bcf, 2008-2012
Table 38: Newfield Exploration Company, Oil and Gas Reserves Life Index, Years, 2008-2012
Table 39: Newfield Exploration Company, Oil and Gas Reserves Life Index, By Country/Region, Years, 2008-2012
Table 40: Newfield Exploration Company, Upstream Capital Expenditure, US$ MM, 2008-2012
Table 41: Newfield Exploration Company, Proved and Unproved Acquisition Costs, By Country/Region, US$ MM, 2008-2012
Table 42: Newfield Exploration Company, Exploration and Development Costs, By Country/Region, US$ MM, 2008-2012
Table 43: Newfield Exploration Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2008-2012
Table 44: Newfield Exploration Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2008-2012
Table 45: Newfield Exploration Company, Oil and Gas Production Replacement Ratio, %, 2008-2012
Table 46: Newfield Exploration Company, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2008-2012
Table 47: Newfield Exploration Company, Revenue and Expenses, US$ MM, 2008-2012
Table 48: Newfield Exploration Company, Revenue and Expenses, By Country/Region, US$ MM, 2008-2012
Table 49: Newfield Exploration Company, Oil and Gas Revenue and Expenses, $/boe, 2008-2012
Table 50: Newfield Exploration Company, Oil and Gas Revenue and Expenses, $/boe, By Country/Region, 2008-2012
Table 51: Newfield Exploration Company, Oil and Gas Performance Metrics, 2008-2012
Table 52: Newfield Exploration Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2008-2012
Table 53: Newfield Exploration Company, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2008-2012
Table 54: Newfield Exploration Company, Producible Oil and Gas Wells, 2008-2012
Table 55: Newfield Exploration Company, Producible Oil and Gas Wells, By Country/Region, 2008-2012
Table 56: Newfield Exploration Company, Exploratory and Developed Wells, 2008-2012
Table 57: Newfield Exploration Company, Exploratory and Developed Wells, By Country/Region, 2008-2012

1.2 List of Figures
Figure 1: Newfield Exploration Company, Operational Map, 2013
Figure 2: Newfield Exploration Company, Financial and Operational Overview, 2009–2012
Figure 3: Newfield Exploration Company, Share Price Movement, April 2012–April 2013
Figure 4: Newfield Exploration Company, Asset Portfolio, 2012
Figure 5: Newfield Exploration Company, Production Forecast (mmboe), 2013–2017
Figure 6: Newfield Exploration Company, Comparison of Capex and Cash Flow from Operations (US$ MM), 2009–2012
Figure 7: Newfield Exploration Company, Inflow, Outflow and Net Cash Position (US$ MM), 2009–2012
Figure 8: Newfield Exploration Company, Reserve Life Index and Reserve Replacement Ratio Excluding Sales, 2009–2012
Figure 9: Newfield Exploration Company, Contribution of Natural Gas in Total Reserves and Production (%), 2009–2012
Figure 10: Newfield Exploration Company, Production Forecast (mmboe), 2009–2017
Figure 11: Newfield Exploration Company, Production Mix (%), 2009–2012
Figure 12: Newfield Exploration Company, Uinta Basin, Operational Map, 2012
Figure 13: Newfield Exploration Company, Mid-continent, Operational Map, 2012
Figure 14: Newfield Exploration Company, Capital Expenditure (US$ MM), 2009–2012
Figure 15: Newfield Exploration Company, Costs Incurred (US$ MM), 2009–2012
Figure 16: Newfield Exploration Company, Versus Peers Acreage Comparison (Million Acres), 2012
Figure 17: Newfield Exploration Company, Net Productive and Dry Exploratory and Development Wells, 2009–2012
Figure 18: Newfield Exploration Company, Net/Gross Oil and Gas Ratio for Wells, 2009–2012
Figure 19: Newfield Exploration Company, Net Total Oil and Gas Productive and Dry Exploratory Wells, 2009–2012
Figure 20: Newfield Exploration Company, Uinta Basin, Rocky Mountains, the US, Stratigraphic map, 2013
Figure 21: Newfield Exploration Company, US Rocky Mountains Williston Basin, Operational Map, 2013
Figure 22: Newfield Exploration Company, US Mid-continent Region Cana Woodford, Operational Map, 2013
Figure 23: Newfield Exploration Company, US Mid-continent Region, Operational Map, 2012
Figure 24: Newfield Exploration Company, US Onshore Gulf Coast Eagle Ford Play, Operational Map, 2012
Figure 25: Newfield Exploration Company, Malaysia, Operational Map, 2012
Figure 26: Newfield Exploration Company, China, Operational Map, 2012
Figure 27: Newfield Exploration Company and Peer Group, Relative Share Price Performance Index, April 2012–April 2013
Figure 28: Newfield Exploration Company and Peers, Financial Parameters, 2012
Figure 29: Newfield Exploration Company and its Peers, Reserve Life Index, 2012
Figure 30: Newfield Exploration Company and its Peers, Total Oil and Gas Proved Reserves and Production (mmboe), 2012
Figure 31: Newfield Exploration Company and Peers, Valuation Ratios, 2012
Figure 32: Newfield Exploration Company, Share Price Performance, USD/Share, Q1, 2012-Q1, 2013
Figure 33: Newfield Exploration Company, Key Valuation Metrics, EV/Production (US$/boed), EV/Proved Reserve (US$/boe), Q1, 2012-Q1, 2013
Figure 34: Newfield Exploration Company, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2012-Q1, 2013
Figure 35: Newfield Exploration Company, Upstream Capital Expenditure, US$ MM, Q1, 2012-Q1, 2013
Figure 36: Newfield Exploration Company, Total Crude Oil and Natural Gas, Production, MMboe, Q1, 2012-Q1, 2013
Figure 37: Newfield Exploration Company, Total Oil & Gas Production, By Country/Region, MMboe, Q1, 2012-Q1, 2013
Figure 38: Newfield Exploration Company, Total Crude Oil Production, MMbbl, Q1, 2012-Q1, 2013
Figure 39: Newfield Exploration Company, Crude Oil Production, By Country/Region, MMbbl, Q1, 2012-Q1, 2013
Figure 40: Newfield Exploration Company, Total Natural Gas Production, Bcf, Q1, 2012-Q1, 2013
Figure 41: Newfield Exploration Company, Natural Gas Production, By Country/Region, Bcf, Q1, 2012-Q1, 2013
Figure 42: Newfield Exploration Company, Share Price Performance, USD/Share, 2008-2012
Figure 43: Newfield Exploration Company, Key Valuation Metrics, EV/Production (US$/boed), EV/Proved Reserve (US$/boe), 2008-2012
Figure 44: Newfield Exploration Company, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2008-2012
Figure 45: Newfield Exploration Company, Total Oil & Gas Reserves, End of Period, By Country/Region, MMboe, 2008-2012
Figure 46: Newfield Exploration Company, Total Oil & Gas Production, By Country/Region, MMboe, 2008-2012
Figure 47: Newfield Exploration Company, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2012
Figure 48: Newfield Exploration Company, Crude Oil Production and Reserves Metrics, MMbbl, 2008-2012
Figure 49: Newfield Exploration Company, Oil Reserves, End of Period, By Country/Region, MMbbl, 2008-2012
Figure 50: Newfield Exploration Company, Oil Production, By Country/Region, MMbbl, 2008-2012
Figure 51: Newfield Exploration Company, Crude Oil Reserve Changes, MMbbl, 2012
Figure 52: Newfield Exploration Company, Natural Gas Production and Reserves Metrics, Bcf, 2008-2012
Figure 53: Newfield Exploration Company, Gas Reserves, End of Period, By Country/Region, Bcf, 2008-2012
Figure 54: Newfield Exploration Company, Gas Production, By Country/Region, Bcf, 2008-2012
Figure 55: Newfield Exploration Company, Natural Gas Reserve Changes, Bcf, 2012
Figure 56: Newfield Exploration Company, Oil and Gas Reserves Life Index, Years, 2008-2012
Figure 57: Newfield Exploration Company, Gas Reserve Life Index, By Country/Region, Years, 2008-2012
Figure 58: Newfield Exploration Company, Oil & Gas Reserve Life Index, By Country/Region, Years, 2008-2012
Figure 59: Newfield Exploration Company, Oil Reserve Life Index, By Country/Region, Years, 2008-2012
Figure 60: Newfield Exploration Company, Upstream Capital Expenditure, US$ MM, 2008-2012
Figure 61: Newfield Exploration Company, Proved Acquisition Costs, By Country/Region, US$ MM, 2008-2012
Figure 62: Newfield Exploration Company, Unproved Acquisition Costs, By Country/Region, US$ MM, 2008-2012
Figure 63: Newfield Exploration Company, Development Costs, By Country/Region, US$ MM, 2008-2012
Figure 64: Newfield Exploration Company, Exploration Costs, By Country/Region, US$ MM, 2008-2012
Figure 65: Newfield Exploration Company, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2008-2012
Figure 66: Newfield Exploration Company, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2008-2012
Figure 67: Newfield Exploration Company, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2008-2012
Figure 68: Newfield Exploration Company, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2008-2012
Figure 69: Newfield Exploration Company, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2008-2012
Figure 70: Newfield Exploration Company, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2008-2012
Figure 71: Newfield Exploration Company, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2008-2012
Figure 72: Newfield Exploration Company, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2008-2012
Figure 73: Newfield Exploration Company, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2008-2012
Figure 74: Newfield Exploration Company, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2008-2012
Figure 75: Newfield Exploration Company, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2008-2012
Figure 76: Newfield Exploration Company, Revenue and Expenses, US$ MM, 2008-2012
Figure 77: Newfield Exploration Company, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ MM, 2008-2012
Figure 78: Newfield Exploration Company, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ MM, 2008-2012
Figure 79: Newfield Exploration Company, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ MM, 2008-2012
Figure 80: Newfield Exploration Company, Oil & Gas Revenue, By Country/Region, US$ MM, 2008-2012
Figure 81: Newfield Exploration Company, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ MM, 2008-2012
Figure 82: Newfield Exploration Company, Production Costs, By Country/Region, US$ MM, 2008-2012
Figure 83: Newfield Exploration Company, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ MM, 2008-2012
Figure 84: Newfield Exploration Company, Oil and Gas Revenue and Expenses, $/boe, 2008-2012
Figure 85: Newfield Exploration Company, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2008-2012
Figure 86: Newfield Exploration Company, Lifting Cost per boe, By Country/Region, $/boe, 2008-2012
Figure 87: Newfield Exploration Company, Annual Net Income per boe, By Country/Region, $/boe, 2008-2012
Figure 88: Newfield Exploration Company, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2008-2012
Figure 89: Newfield Exploration Company, Total DD&A per boe, By Country/Region, $/boe, 2008-2012
Figure 90: Newfield Exploration Company, Total Revenue per boe, By Country/Region, $/boe, 2008-2012
Figure 91: Newfield Exploration Company, Oil and Gas Performance Metrics, 2008-2012
Figure 92: Newfield Exploration Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2008-2012
Figure 93: Newfield Exploration Company, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2008-2012
Figure 94: Newfield Exploration Company, Total Net Undeveloped Acreage, By Country/Region, Acres, 2008-2012
Figure 95: Newfield Exploration Company, Total Gross Developed Acreage, By Country/Region, Acres, 2008-2012
Figure 96: Newfield Exploration Company, Total Net Developed Acreage, By Country/Region, Acres, 2008-2012
Figure 97: Newfield Exploration Company, Producible Oil and Gas Wells, 2008-2012
Figure 98: Newfield Exploration Company, Gross Productive Gas Wells, By Country/Region, Number, 2008-2012
Figure 99: Newfield Exploration Company, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2008-2012
Figure 100: Newfield Exploration Company, Gross Productive Oil Wells, By Country/Region, Number, 2008-2012
Figure 101: Newfield Exploration Company, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2008-2012
Figure 102: Newfield Exploration Company, Net Productive Gas Wells, By Country/Region, Number, 2008-2012
Figure 103: Newfield Exploration Company, Net Productive Oil & Gas Wells, By Country/Region, Number, 2008-2012
Figure 104: Newfield Exploration Company, Net Productive Oil Wells, By Country/Region, Number, 2008-2012
Figure 105: Newfield Exploration Company, Exploratory and Developed Wells, 2008-2012

Diversified Asset Portfolio to Map Future Production Growth

Newfield’s producing and upcoming assets portfolio is diversified both geographically as well as by type, providing the investor an exposure into various oil and gas plays. The company’s oil and gas assets are diversified across onshore and offshore, domestic (the US) and international, and conventional and unconventional resource plays.

The company’s primary focus areas can be grouped into five divisions which include the mid-continent, the Rocky Mountains, the GoM, onshore Texas and the international division. The company’s unconventional resource plays are primarily located in the mid-continent and the Rocky Mountains divisions. The Woodford shale, situated in the mid-continent division, is dry gas shale with the thickness ranging from 100 to 200 feet. The company’s production in 2010 from this shale was around 169MMcfe/d. The other important unconventional play located in the mid-continent division is the granite wash. The company owns a net acreage of 48,000 acres in this play and the net production from this play in 2010 was 86MMcfe/d. The Greater Monument Butte area is the major asset of the company in the Rocky Mountains division. The company owns a net acreage of 183,000 acres and has around 1,200 producing wells in this area. Another important unconventional area of the company in the Rocky Mountains division is the Williston basin, with a net production of around 7,000boe/d in 2010. The other unconventional resources of the company include its interest in the Eagle Ford and Marcellus shale plays.

The conventional plays of the company are primarily located in the onshore Texas, GoM and international divisions. In the onshore Texas division, the company owns a net acreage of 195,000 acres. The company’s conventional production from this division in 2010 was 125MMcfe/d. The company’s deepwater assets are located in its GoM division. As of December 2010, the company owns interest in 84 deepwater leases in this division, with a net production of 95MMcfe/d. Furthermore, the company plans to commence production from two leases in this division in 2011, thereby increasing the division’s production by 8%. The international division of the company includes assets in countries such as Malaysia and China. The company’s production from the assets in the international division during 2010 was 19,000bo/d. Newfield also expects the production from this division to increase in the coming years, with the development of Pearl discovery in the Pearl River Mouth Basin of China expecting initial production in 2013.

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