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Newfield Names Trice, Rathert to Additional Roles

HOUSTON, Feb. 11 /PRNewswire/ -- In conjunction with Newfield Exploration Company's (NYSE: NFX) board meeting on February 10, David A. Trice and Terry W. Rathert were named to additional leadership roles with the Company. Trice was named to the Board of Directors and Rathert was elected Chief Financial Officer.

In his most recent role, Trice, 51, was President and Chief Executive Officer of the Company. He was named to succeed Joe B. Foster as Newfield's Chief Executive Officer on February 1, 2000. Foster retired from the CEO position but remains Chairman of Newfield. Trice had served as Newfield's President and Chief Operating Officer since May 1999. Prior to that time, he served as Vice President - Finance and International from May 1997-May 1999. Trice is one of the 23 original founders of Newfield and served as the Company's initial Chief Financial Officer from early 1989-91.

Before rejoining Newfield, Trice served as President, CEO and Director of the Huffco Group from 1991-97 where he directed worldwide exploration operations. From 1980-89, Trice served as an officer for several companies owned by Roy M. Huffington, Inc. Trice received a J.D. degree from Columbia University's School of Law (1973) and a B.A. in Managerial Science from Duke University (1970).

Rathert, 47, previously served as Newfield's Vice President -- Planning and Administration and Corporate Secretary. He retains the Corporate Secretary position. Rathert was also one of Newfield's original founding members in 1989 and has previously served as Chief Financial Officer for the Company.

Prior to joining Newfield, Rathert was Director of Planning and Analysis for Tenneco Oil Exploration and Production Company. Rathert holds a degree in Petroleum Engineering from Texas A&M University. He completed the Management Program at Rice University.

Newfield Exploration is an independent crude oil and natural gas exploration and production company. The Company has a solid asset base of producing properties and exploration and development drilling opportunities primarily in the Gulf of Mexico with operations along the U.S. Gulf Coast and offshore Australia.

Contact: Steve Campbell of Newfield Exploration Company, 281-847-6081.
SOURCE Newfield Exploration Company
Web site: http: //www.newfld.com
CONTACT: Steve Campbell of Newfield Exploration Company, 281-847-6081

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