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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.

As of December 31, 2017, the company had 680 million barrels of oil equivalent of estimated proved reserves, of which over 99% was in the United States and 1% was in the South China Sea. The reserves were 37% petroleum, 19% natural gas liquids, and 44% natural gas.

The company's properties were as follows:

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 to over 20 million cubic feet per day 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.
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Total value of jobs:
$265,000
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Total Jobs:
2
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Average Pay:
$132,500

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