HOUSTON, Feb. 20 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) today announced it intends to offer $175 Million of Senior Notes Due 2011. The offering will be done under an existing shelf registration statement.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful. A prospectus supplement and prospectus relating to the securities may be obtained from UBS Warburg LLC, New York, New York. UBS Warburg LLC will act as managing underwriter for the offering.
Issuer: Newfield Exploration Company Issue: $175 million Senior Notes Maturity: 2011 Ranking: Senior Notes (pari passu with existing bonds and bank debt) Proceeds: Repay bank debt incurred in Lariat acquisition
Newfield Exploration is an independent crude oil and natural gas exploration and production company. The Company has an asset base of producing properties and exploration and development drilling opportunities and operations primarily in the Gulf of Mexico, the Anadarko Basin of Oklahoma, along the U.S. Gulf Coast and offshore Australia. Newfield balances its drilling program with acquisitions in select areas in the U.S. and overseas.
For more information, contact Steve Campbell, 281-847-6081.
SOURCE Newfield Exploration Company
Web site: http: //www.newfld.com
CONTACT: Steve Campbell of Newfield Exploration Company, 281-847-6081