HOUSTON, Sept. 27 /PRNewswire-FirstCall/ -- Newfield Exploration Company
(NYSE: NFX) today announced initial findings of an aerial survey of its
operations in the Gulf of Mexico. Three production platforms were lost in
Hurricane Rita -- South Marsh Island 49 "B", East Cameron 151 "C" and East
Cameron 286 "B." Combined net production from the three facilities was
5.6 MMcfe/d. All other Newfield operated structures flown over appear to be
intact. Over the next several days, boats and helicopters will better assess
damages and begin the repair process.
In preparation for Hurricane Rita, Newfield began shutting in production
on September 20, and since that time approximately 2.0 Bcfe has been deferred.
Approximately 320 MMcfe/d net remains shut-in today. Operations are now being
resumed from fields unaffected by the storm if pipelines will permit the
resumption of production. Newfield will provide more detailed information
upon the completion of ongoing assessments.
Newfield Exploration Company is an independent crude oil and natural gas
exploration and production company. The Company relies on a proven growth
strategy that includes balancing acquisitions with drill bit opportunities.
Newfield's areas of operation include the Gulf of Mexico, the U.S. onshore
Gulf Coast, the Anadarko and Arkoma Basins of the Mid-Continent and the Uinta
Basin of the Rocky Mountains. The Company has development projects underway
offshore Malaysia, in the U.K. North Sea and in Bohai Bay, China.
For information, contact:
Steve Campbell
(281) 847-6081
info@newfld.com
http://www.newfld.com
SOURCE Newfield Exploration Company
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Related links:
http://www.newfld.com
CONTACT:
Steve Campbell of Newfield Exploration
Company, +1-281-847-6081, or info@newfld.com
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