trending Market Intelligence /marketintelligence/en/news-insights/trending/ukahvll1t7felcbxegplfg2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Newfield Exploration closes sale of Texas oil, gas assets for $380M

Cable Net Valuation Benchmarks Hit Recent Low In CBS-Viacom Deal

Panjiva Insights: The Global Trade War’s Impact and Road Ahead

US Smart Cities Projects To Push Annual Revenue Over 700 Million In Five-Year Outlook

MI Mobile App


Newfield Exploration closes sale of Texas oil, gas assets for $380M

NewfieldExploration Co. closed the sale of its producing oil and gasproperties and undeveloped acreage in Texas, receiving $380 million in combinedproceeds.

The company sold unconventional assets in the EagleFord Shale to Protégé Energy III LLC and conventional natural gas assets insouth and west Texas to an undisclosed entity. The assets have a combinedcurrent net daily production of about 12,700 barrels of oil equivalent per day,with oil making up 35%, according to a Sept. 27 news release.

The transaction is not expected to have a significantimpact on Newfield's third-quarter production, so the company made no changesto its production guidance for the quarter. However, Newfield's full-year 2016production expectations would be changed to reflect the sale, the release said.