Newfield Exploration Company, an independent oil and gas company, engages in the exploration, development, and acquisition of natural gas and crude oil properties primarily in the United States. As of December 31, 2007, it owned interests in approximately 750,000 gross acres and 2,600 gross producing wells in Anadarko and Arkoma Basins; owned interests in approximately 1.2 million gross acres, 1,800 gross producing wells, and 445 water injection wells in the Rocky Mountains in the Monument Butte oil field; owned interests in approximately 350,000 gross acres and 650 gross producing wells in onshore Texas; and owned interests in 61 leases in deepwater with approximately 300,000 gross acres, 26 conventional shallow water lease blocks, and a 10�25% interest in 85 shallow water lease blocks. The company also had proved reserves of approximately 2.5 trillion cubic feet equivalent. The company was founded in 1988 and is based in Houston, Texas.
Shares Outstanding5: 131.75M
% Held by Insiders1: 0.97%
% Held by Institutions1: 96.50%
Market Cap (intraday)5: 8.24B
Enterprise Value (9-May-08)3: 9.11B
Trailing P/E (ttm, intraday): 17.06
Forward P/E (fye 31-Dec-09) 1: 15.67