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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): OCTOBER 2, 2002
NEWFIELD EXPLORATION COMPANY
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 1-12534 72-1133047
(STATE OR OTHER JURISDICTION (COMMISSION FILE (I.R.S. EMPLOYER
OF INCORPORATION OR ORGANIZATION) NUMBER) IDENTIFICATION NUMBER)
363 N. SAM HOUSTON PARKWAY E.
SUITE 2020
HOUSTON, TEXAS 77060
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (281) 847-6000
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ITEM 5. OTHER EVENTS
See the following press release by Newfield Exploration Company announcing the
shut-in of Gulf of Mexico production.
NEWFIELD SHUTS IN GULF OF MEXICO PRODUCTION DUE TO STORM; COMPANY PROVIDES
UPDATE ON PRODUCTION
Newfield Exploration Company (NYSE:NFX) today announced it had shut-in
its Gulf of Mexico production in response to Hurricane Lili. This is the second
time in as many weeks that Gulf of Mexico production has been shut-in due to
weather.
With Hurricane Lili entering the Gulf of Mexico, Newfield began
evacuating non-essential personnel on Monday, September 30. Production shut-ins
began on Tuesday, October 1 and are now complete with approximately 430 MMcf/d
of gas (gross) and 25,000 BOPD (gross) offline. Newfield's net production in the
Gulf of Mexico is nearly 265 MMcf/d of gas and 13,500 BOPD.
From September 24-29, 2002, Newfield shut in approximately 1.5 billion
cubic feet equivalent (Bcfe) of net production due to Tropical Storm Isidore.
Newfield expects to meet its previously disclosed estimate of third quarter 2002
production of 42.6 - 47.1 Bcfe. To review Newfield's previously provided
guidance on the third quarter of 2002, please see the Company's @NFX publication
dated July 22, 2002 found on the Company's website at www.newfld.com or the
Company's Current Report on Form 8-K filed with the SEC on July 24, 2002.
Newfield operates about 140 platforms in the Gulf of Mexico and
controls 190 lease blocks.
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 in
the Gulf of Mexico, along the U.S. Onshore Gulf Coast, in the Anadarko and
Permian Basins, offshore Australia, and in China's Bohai Bay. Newfield balances
its drilling program with acquisitions in select areas in the U.S. and overseas.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Form 8-K to be signed on its behalf by the
undersigned thereunto duly authorized.
NEWFIELD EXPLORATION COMPANY
Date: October 2, 2002 By: /s/ TERRY W. RATHERT
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Terry W. Rathert
Vice President and Chief Financial Officer
(Authorized Officer and Principal
Financial Officer)