Newfield Exploration was founded by Joe B. Foster, a former chairman of Tenneco Oil Company, in 1988.
The company quickly began investing its original $9 million capital into new oil and natural gas exploration, and the first property bought was Eugene Island 172. This oil field continues to produce today.
Today this independent exploration and production company drills in the Rockies, the Gulf of Mexico, Mid-Continent, and the Gulf Coast region of Texas. The company also has interests in Malaysia and China.
Newfield Exploration trades publicly on the New York Stock Exchange under the ticker symbol NFX, is a member of the S&P 500, is #790 in the Fortune 1000, has 1,331 employees, and had $2.29 billion in revenue in 2014.
Newfield ExplorationNewfield Exploration was founded by Joe B. Foster, a former chairman of Tenneco Oil Company, in 1988.
The company quickly began investing its original $9 million capital into new oil and natural gas exploration, and the first property bought was Eugene Island 172. This oil field continues to produce today.
Today this independent exploration and production company drills in the Rockies, the Gulf of Mexico, Mid-Continent, and the Gulf Coast region of Texas. The company also has interests in Malaysia and China.
History
Newfield Exploration trades publicly on the New York Stock Exchange under the ticker symbol NFX, is a member of the S&P 500, is #790 in the Fortune 1000, has 1,331 employees, and had $2.29 billion in revenue in 2014.