HOUSTON, Nov. 13 /PRNewswire-FirstCall/ -- Newfield Exploration Company
(NYSE: NFX) today announced that Michael D. Van Horn, 55, was named Senior
Vice President - Exploration. Van Horn replaces Elliott Pew, Newfield's
Executive Vice President - Exploration, who has elected to retire at the
end of 2006.
"Elliott has been a key part of our success at Newfield," said David A.
Trice, Newfield Chairman, President and CEO. "He has been with us since
1998 and was instrumental in the diversification of our asset base. His
experience led us into South Texas in the late '90s where we today have a
significant business unit. His technical strengths, coupled with his
abilities to create relationships and manage business deals made him a
first-rate oil and gas finder. On a personal note, I will miss Elliott as a
friend. We all benefited from his energy, enthusiasm and genuine love of
life."
Van Horn brings 28 years of oil and gas experience. He served at EOG
Resources, and its predecessor Enron Oil and Gas, since 1993. Most
recently, he served as Vice President of International Exploration. Prior
to that position, he was Director of Exploration. During his tenure with
EOG Resources, he directed the identification and evaluation of several
multi-Tcf potential unconventional resource plays that are today being
leased, tested and developed. In addition, he played a key role in the
exploration success of EOG's start-up operations in the U.K. North Sea. He
started with EOG leading G&G efforts in the capture and development of
several highly successful major offshore field developments in India. Prior
to EOG Resources, Van Horn worked for British Gas E&P Inc. and Tenneco Oil
Company.
"We are pleased to have Mike join our organization and are confident
that his background is an excellent fit with our current strategies and
areas of operation. His oversight will be employed throughout our Company,
and I'm confident in his ability to add value through the identification of
prospects, business ventures and new exploration initiatives," said Trice.
Van Horn holds a B.S. degree in Geologic Engineering from the
University of Nevada and an M.S. in Geology from the Colorado School of
Mines.
Newfield Exploration Company is an independent crude oil and natural
gas exploration and production company. The Company relies on a proven
growth strategy growing reserves through the drilling of a balanced
risk/reward portfolio and select acquisitions. Newfield's domestic areas of
operation include the U.S. onshore Gulf Coast, the Anadarko and Arkoma
Basins of the Mid-Continent, the Uinta Basin of the Rocky Mountains and the
Gulf of Mexico. The Company has international exploration and development
projects underway in Malaysia, the U.K. North Sea and China.
For information, contact:
Investor Relations: Steve Campbell (281) 847-6081
Media Relations: Keith Schmidt (281) 674-2650
Email: info@newfield.com
SOURCE Newfield Exploration Company
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Related links:
http://www.newfield.com
CONTACT:
investor relations, Steve Campbell,
+1-281-847-6081, or media relations, Keith Schmidt,
+1-281-674-2650, both of Newfield Exploration Company,
info@newfield.com
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