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Newfield Announces Two-for-One Stock Split

HOUSTON, May 5, 2005 /PRNewswire-FirstCall via COMTEX/ -- Newfield Exploration Company (NYSE: NFX) today announced that its Board of Directors has declared a two- for-one split of its common stock to be effected in the form of a stock dividend. The Board established May 16, 2005 as the record date for the stock split and May 25, 2005 as the date for distributing the additional shares.

Newfield Exploration Company is an independent crude oil and natural gas exploration and production company. The Company relies on a proven growth strategy that includes balancing acquisitions with drill bit opportunities. Newfield's areas of operation include the Gulf of Mexico, the U.S. onshore Gulf Coast, the Anadarko and Arkoma Basins of the Mid-Continent, the Uinta Basin of the Rocky Mountains and select international ventures.

Newfield Exploration Company                  For information, contact:
     363 N. Sam Houston Parkway East, Ste. 2020               Steve Campbell
     Houston, TX 77060                                        (281) 847-6081
     http://www.newfld.com                                   info@newfld.com

SOURCE Newfield Exploration Company

Steve Campbell of Newfield Exploration Company, +1-281-847-6081, or info@newfld.com
http://www.prnewswire.com
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