Sign in

NFX on NYSE

Newfield Exploration

Logo: Newfield Exploration Company, Public domain, via Wikimedia Commons5

Former energy company; acquired by Encana

Newfield Exploration Company was a petroleum, natural gas and natural gas liquids exploration and production company organized in Delaware and headquartered in Houston, Texas. In February 2019, the company was acquired by Encana. On December 31, 2017, the company had 680 million barrels of oil equivalent (4.2×109 GJ) of estimated proved reserves, of which over 99% was in the United States and 1% was in the South China Sea.3 It was founded by Joe B. Foster.1 Its shares trade on NYSE under the symbol NFX.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

1988Founded1

Compare with another stock.

  • TickerNFX on NYSE1
  • Industrypetroleum industry1
  • HeadquartersHouston1
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address4 Waterway Square Place, Suite 100, The Woodlands, Tx 773806
  • Filer categoryLarge accelerated filer6
  • LEIT8W3X1PFLPW2YE0UIP444
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 21800264

See how the biggest companies compare on our leaderboards

Newfield Exploration Company was a petroleum, natural gas and natural gas liquids exploration and production company organized in Delaware and headquartered in Houston, Texas. In February 2019, the company was acquired by Encana.3

What it owns

What Newfield Exploration reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$326.0M8 Dec 31, 2017$555.0M8 Dec 31, 2016−41.3%
Marketable securities, current$08 Dec 31, 2017$25.0M8 Dec 31, 2016−100.0%
Long-term investments$24.0M8 Dec 31, 2017$19.0M8 Dec 31, 2016+26.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$15.0M8 Dec 31, 2017$16.0M8 Dec 31, 2016−6.2%

The story

Founded by Joe B. Foster in 1988.1

The company was founded in 1988 by the former chairman of Tenneco Oil Company, Joe B. Foster. Through investments by Charles Duncan, Jr., the University of Texas at Austin endowment funds and the founding employees, the company was capitalized with $9 million.

In 1990, Newfield purchased its first production property, Eugene Island Block 172 in the Gulf of Mexico. Production of Eugene Island 172 increased from 0.2 million cubic feet per day (5,700 m3/d) to over 20 million cubic feet per day (570,000 m3/d) by the end of the year.

In November 1993, Newfield became a public company via an initial public offering of 3.125 million shares of common stock. In 1999, the company acquired Gulf Australia Resources Limited, which had assets in the Timor Sea, offshore from northern Australia.

In 2000, the company acquired assets in south Texas for $142 million. In 2001, it acquired Lariat Petroleum in a $333 million transaction, establishing a new focus area in the Anadarko Basin of Oklahoma. In 2002, it acquired EEX Corporation and its asset base in South Texas in a $640 million transaction.

In 2004, Newfield began operations in the Rocky Mountains with the acquisition of Inland Resources.

In 2005, Newfield explored the South China Sea in a partnership with CNOOC.

In 2007, Newfield announced the $575 million acquisition of exploration and development areas in the Rocky Mountains from Stone Energy. In 2007, the company sold its assets in the North Sea for $486.4 million.

In 2009, along with Hess Corporation, the company leased land in Pennsylvania in the Marcellus Formation, but the company pulled out of those leases in 2013.

Read the full text

In 2012, the company sold its remaining assets in the Gulf of Mexico to W&T Offshore. In 2014, it sold its assets in Malaysia to SapuraKencana Petroleum Berhad for $896 million.

In 2016, the company acquired 42,000 acres in the STACK formation of the Anadarko Basin from Chesapeake Energy for $470 million and sold its assets in Texas for $390 million.

In February 2019, the company was acquired by Encana.

From Wikipedia’s article on Newfield Exploration, shared under CC BY-SA 4.0.7

Leadership

Who has led Newfield Exploration, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David A. Trice2006–2009
  2. Lee K. Boothby2009–2019

Chair

  1. David A. Trice2008–2009

President

  1. David A. Trice2006–2009
  2. Lee K. Boothby2009–2019

Chief financial officer

  1. Terry W. Rathert2007–2013
  2. Lawrence S. Massaro2013–2019

Chief operating officer

  1. Gary D. Packer2009–2019
19901995200020052010201520202025
Board members and other officers (47)

Products and brands

  • petroleum

Listed on Wikidata.1

Timeline

  1. May 11, 2009New chief executive Lee K. Boothby becomes CEO9
  2. Jan 5, 2006New chief executive David A. Trice becomes CEO10
  3. Nov 12, 1993Went public Listed on NYSE1
  4. 1988Founded Founded1

SEC filer profile

How Newfield Exploration is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNEWFIELD EXPLORATION CO /DE/2
  • CIK0000912750
  • Employer ID (EIN)72-11330472
  • Filer statusLarge accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas2
  • Business address4 Waterway Square Place, Suite 100, The Woodlands, TX 773802
  • Phone281-210-51002
  • Shares outstanding200,339,967 as of Oct 25, 201860
  • Public float$6.0B as of Jun 30, 201860
  • On EDGAR sinceFeb 10, 19952
  • Filings2,113 in all: 4 (1,204), 8-K (324), SC 13G/A (86), 10-Q (68), 4/A (50), SC 13G (44), 3 (36), 425 (36)2
    All 42 form types

    11-K (23), 424B5 (23), DEF 14A (22), CORRESP (20), UPLOAD (20), 10-K (17), S-8 (16), S-8 POS (16), 8-K/A (10), DEFA14A (10), 5 (8), S-3 (8), S-3/A (8), 424B3 (7), ARS (6), FWP (6), 10-K/A (5), 10-K405 (5), 424B1 (5), S-4/A (5), 3/A (4), S-3ASR (4), S-4 (3), 10-Q/A (2), POS EX (2), PRE 14A (2), 15-12B (1), 25-NSE (1), 8-A12B (1), DEFM14A (1), NT 11-K (1), NT 11-K/A (1), POS AM (1), POSASR (1)

  • Latest filingsAnnual report (10-K) Feb 20, 2018
    Quarterly report (10-Q) Oct 31, 2018
    Proxy statement (DEF 14A) Mar 29, 2018
    Latest 8-K (8-K) Feb 20, 2019

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60