Saved Bookmarks
| 1. |
NFX meaning in Business ? |
||||||||||
|
Answer» What is Newfield Exploration Company mean? Newfield Exploration Company was a petroleum, natural gas, and natural gas liquids exploration and production company organized in Delaware and headquartered in Houston, Texas. In February 2019, the company was acquired by Encana. As of December 31, 2017, the company had 680 million barrels of oil equivalent (4.2×109 GJ) of estimated proved reserves, of which over 99% was in the United States and 1% was in the South China Sea. The reserves were 37% petroleum, 19% natural gas liquids, and 44% natural gas. The company's properties were as follows: Anadarko Basin - approximately 67% of proved reserves and production; 400,000 net acres in SCOOP and STACK plays; 88 thousand barrels of oil equivalent (540,000 GJ) per day of productionArkoma Basin - 12% of proved reserves; 147,000 net acres; 16 thousand barrels of oil equivalent (98,000 GJ) per day of productionUinta Basin - 13% of proved reserves; 217,000 net acres; 15 thousand barrels of oil equivalent (92,000 GJ) per day of productionWilliston Basin - 10% of proved reserves; 82,000 net acres; 16 thousand barrels of oil equivalent (98,000 GJ) per day of productionSouth China Sea - 1% of proved reserves; 5 thousand barrels of oil equivalent (31,000 GJ) per day of production reference
|
|||||||||||