Lee K Boothby Net Worth is2.4 $Million
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Company Name: Newfield Exploration
Company Logo: Image:Newfield.png
Company Type: Public company
Traded As: NFX, S&P 500
Foundation: 1988
Founder: Joe B. Foster
Location: Houston, Texas, USA
Area Served: United States
Key People: '''Lee K. Boothby''',
Num Employees: 1,148 – February 22, 2010 Industry: List of petroleum companies
Products: Crude Oil,
Homepage: http://www.newfield.com
Headquartered in Houston, Texas, Newfield Exploration is an independent company that specializes in the exploration and production of crude oil and natural gas. Its operations in the United States include the Mid-Continent region of Oklahoma and northern Texas, along the Rocky Mountains, southern and coastal Texas, the Gulf of Mexico, and recently in Pennsylvania along the Appalachia Mountains. Newfield also operates internationally through numerous sites offshore of Malaysia and China. By the end of 2009, total proved reserves were 3.6 trillion cubic feet (1A?1011 m3) equivalent with approximately 85% of those reserves being located onshore of the U.S. Newfield's present base is estimated to be about 70% natural gas. Today, Newfield has an enterprise value of more than $8.5 billion.
Newfield Exploration was founded in 1988 by former chairman of Tenneco Oil Company, Joe B. Foster. Through investments by Charles Duncan, the University of Texas endowment funds and the founding employees, the company was capitalized with $9 million. During 1990, Newfield purchased its first production property in Eugene Island 172. Through various workover programs in an attempt to increase efficiency, production of Eugene Island 172 increased from 0.2 million cubic feet per day (5,700 m3/d) to over 20 million cubic feet per day (570,000 m3/d) by the end of the year. Even to this day, Eugene Island 172 continues to produce. By the end of 1993, Newfield went public and began trading on the NYSE, under the symbol "NFX". Shares would initially be sold at $4.38 before rising to what they are today. Throughout the rest of the decade, Newfield's focus of the Gulf of Mexico would begin to expand into southern Louisiana and the Texas coast in an effort to diversify their base.
Early into 2001, Newfield acquired Lariat Petroleum, thus establishing a new focus area in the Anadarko Basin of Oklahoma. An additional acquisition the following year was finalized in November when EEX Corporation

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Lee K Boothby Latest News

Newfield, Hess dive into the Marcellus

“Today, with substantially all of our acreage held-by-production in the Woodford Shale, it’s a great time for us to enter an important new focus area and apply our expertise to a similar play of scale,” said Lee K. Boothby, Newfield President and CEO ...
Posted: October 14, 2009, 7:04 am

Oklahoma companies focus drilling activity on STACK play in central part of state

Boothby said on an analyst call this week. "We remain very encouraged after more than four years of high activity in the Anadarko Basin and are seeing very consistent performance from our wells." Devon Energy Corp. CEO Dave Hager said the STACK is among ...
Posted: May 6, 2016, 5:01 pm

Newfield Exploration Company Announces Appointment of Edgar R. Giesinger to Board of Directors

"Bud's 36 years of accounting and finance experience at KPMG will be an important asset to Newfield," said Lee K. Boothby ... http://www.prnewswire.com/news-releases/newfield-exploration-company-announces-appointment-of-edgar-r-giesinger-to-board-of ...
Posted: August 13, 2017, 5:00 pm
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