Newfield Exploration Company has issued its mid-year operational update, highlighting recent positive results from key assessment plays in the Company's portfolio of assets. In addition, Newfield placed an updated slide deck on its website. The updates were provided in advance of second quarter earnings, planned for release after market close on July 24, 2012. A conference call will be held at 7:30 a.m. CDT on July 25, 2012.
"We have seen solid assessment results year-to-date in our key domestic operating areas," said Lee K. Boothby, Newfield Chairman, President and CEO. "Our 2012 plan called for the early and rapid assessment of new plays in the Uinta's Central Basin, the Cana Woodford in the Anadarko Basin of Oklahoma and super extended laterals (SXLs) in the Maverick Basin Eagle Ford. We are seeing very encouraging results in each area today and feel confident that the economics of these plays will allow us to move them into aggressive development in 2013 and beyond."