Newfield Exploration Company (NYSE:NFX) is an independent crude oil and natural gas exploration and production company headquartered in Houston, Texas. Their growth strategy includes: * Growing reserves through the drilling of a balanced risk/reward portfolio and select acquisitions
* Focusing on select geographic areas
* Controlling operations and costs
* Using advanced technologies
* Attracting and retaining a quality workforce through equity ownership and other performance-based incentives
Newfield Exploration domestic areas of operation include the Anadarko and Arkoma Basins of the Mid-Continent, the Rocky Mountains, onshore U.S. Gulf Coast and the Gulf of Mexico. Newfield Exploration international areas of operation include offshore Malaysia and China.
Newfield Exploration were founded in 1989 and went public in 1993. Their sole focus area until the mid-1990s was the shallow waters of the Gulf of Mexico.
