| Business Summary | | Newfield
Exploration
Company
is
an
independent
oil
and
gas
company
engaged
in
the
exploration,
development
and
acquisition
of
crude
oil
and
natural
gas
properties.
The
Company's
areas
of
operation
include
the
Gulf
of
Mexico,
U.S.
onshore
Gulf
Coast,
offshore
northwest
Australia,
Bohai
Bay,
offshore
China,
and,
through
the
recent
acquisition
of
Lariat
Petroleum,
the
Anadarko
Basin
of
Oklahoma.
At
year-end
2000,
the
Company
had
proved
reserves
of
687
Bcfe
(billion
cubic
feet
equivalent)
comprised
of
520
Bcf
(billion
cubic
feet)
of
natural
gas
and
28
MMBbls
(million
barrels)
of
oil
and
condensate. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Newfield
Exploration
explores
for,
develops,
and
acquires
oil
and
natural
gas
properties
located
principally
in
the
Gulf
of
Mexico.
For
the
six
months
ended
6/30/01,
revenues
increased
93%
to
$410.1
million.
Net
income
before
acctg.
change
totalled
$119.9
million,
up
from
$44.6
million.
Revenues
benefitted
from
increased
production
due
to
acquisitions.
Earnings
also
reflect
lower
depreciation,
depletion
and
amortization
and
a
$4.2
million
commodity
derivative
gain. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Joe Foster, 66 Chairman | $257K | $7.6M | David Trice, 52 Pres,
CEO, | 1.0M | -- | Terry Rathert, 47 CFO,
VP, Sec. | 647K | 2.2M | Robert Waldrup, 55 VP
of Operations | 667K | 1.2M | Elliott Pew, 45 VP
of Exploration | 664K | 39K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|