Newfield Exploration Announces Executive Promotions
July 30 2007 - 6:14PM
PR Newswire (US)
HOUSTON, July 30 /PRNewswire-FirstCall/ -- In conjunction with
Newfield Exploration Company's (NYSE:NFX) recent Board of Directors
meeting, several executive promotions were approved. David F.
Schaible, 46, was named President and Chief Operating Officer
effective as of August 1, 2007 and will continue to serve on the
Company's Board of Directors. Schaible was one of the founders that
joined Joe B. Foster in 1989 when the Company began operation. He
has held positions of increasing responsibility within Newfield
throughout the Company's 18-year history. Schaible has been a
leader in the evaluation, selection and acquisition of select
companies and properties since 2000 that have diversified
Newfield's asset base while creating a platform for future growth.
Prior to this promotion, Schaible served as Newfield's Executive
Vice President - Operations and Acquisitions. He previously served
as Vice President - Acquisitions and Development and was added to
the Board in 2002. Prior to this, he served as Manager -
Acquisitions and Development of the Company. Schaible was
Newfield's Coordinator - Acquisitions and Marketing from 1991-92
and a Petroleum Engineer from 1989-91. Before joining Newfield,
Schaible was a Senior Production Engineer in the Eastern Gulf
Division of Tenneco Oil Exploration and Production Company.
Schaible has a degree in Petroleum Engineering from Marietta
College and is active in the Society of Petroleum Engineers.
Schaible will continue to report to David A. Trice. Trice will
retain the title of Newfield Chairman and Chief Executive Officer.
"Dave Schaible has consistently demonstrated his many abilities
over the years in each position he has held -- adding value for the
Company and our shareholders," said Trice. "His leadership and
knowledge of the business and industry were instrumental in the
screening and selection of our strategic acquisitions. He's earned
the respect of our employees, shareholders and his industry peers."
Lee K. Boothby, 45, will be named Senior Vice President -
Acquisitions and Business Development effective as of October 1,
2007. He currently serves as Vice President - Mid-Continent.
Boothby has been responsible for leading Newfield's development of
the growing Woodford Shale Play in southeastern Oklahoma, along
with other plays that have led to this division's significant
growth. From 1999-2001, Boothby was Managing Director - Newfield
Exploration Australia Ltd. and managed the Company's operations in
the Timor Sea (divested in 2003) from Perth, Australia. Prior to
joining Newfield in 1999, Boothby worked for Cockrell Oil
Corporation, British Gas and Tenneco Oil Company. He is a member of
the Society of Petroleum Engineers and the Independent Petroleum
Association of America. He serves on the Board of Directors of the
Oklahoma Independent Petroleum Association (OIPA) and the Oklahoma
Energy Resources Board (OERB). Boothby holds a degree in Petroleum
Engineering from Louisiana State University and an M.B.A. from Rice
University. In this new position, Boothby will be relocating to the
Company's headquarters in Houston, Texas. George T. Dunn, 49, will
be named Vice President - Mid-Continent and will be relocating to
Tulsa, Okla., effective as of October 1, 2007 to lead that team as
it continues the development of the Woodford Shale and other
resource plays in the region. Dunn was most recently Vice President
- Gulf Coast where he led this division in the development of joint
ventures to expand operations in South Texas. Prior to this
position, he was General Manager - Gulf Coast. Dunn took over
responsibility for the onshore Gulf Coast effort in mid-2001 and
was responsible for integration of the Company's acquisition of EEX
Corporation and the growth that followed. Prior to managing the
onshore Gulf Coast operations, Dunn was the General Manager of
Newfield's Western Gulf of Mexico division. Before joining Newfield
in 1992, Dunn was employed by Meridian Oil Company and Tenneco Oil
Company. Dunn holds a degree in Petroleum Engineering from the
Colorado School of Mines. John H. Jasek, 37, will become Vice
President - Gulf Coast effective October 1, 2007. This division
will be comprised of Newfield's Gulf of Mexico and onshore Gulf
Coast asset teams. Jasek was previously Vice President - Gulf of
Mexico. He has led the Company's Gulf of Mexico team since joining
the organization in 2000. Prior to Newfield, Jasek worked for
Anadarko Petroleum Corporation and Amoco Production Company. Jasek
is a member of the Society of Petroleum Engineers and the American
Petroleum Institute. He is a graduate of Texas A&M University
with a degree in Petroleum Engineering. John D. Marziotti, 44, was
named Newfield's General Counsel effective as of August 1, 2007.
Prior to joining Newfield in 2003 as Corporate Counsel, he was a
partner at Strasburger & Price, L.L.P. in Houston concentrating
on energy-related litigation. Marziotti has a degree in Political
Science from The College of Charleston and a law degree from
Southern Methodist University. Newfield Exploration Company is an
independent crude oil and natural gas exploration and production
company. The Company relies on a proven growth strategy of growing
reserves through the drilling of a balanced risk/reward portfolio
and select acquisitions. Newfield's domestic areas of operation
include the Anadarko and Arkoma Basins of the Mid-Continent, the
Rocky Mountains, the onshore Gulf Coast and the Gulf of Mexico. The
Company has international operations in Malaysia, China and the
U.K. North Sea. Newfield Exploration Company For information,
contact: 363 N. Sam Houston Parkway East, Ste. 2020 Steve Campbell
Houston, TX 77060 (281) 847-6081 http://www.newfield.com/
DATASOURCE: Newfield Exploration Company CONTACT: Steve Campbell of
Newfield Exploration Company, +1-281-847-6081, Web site:
http://www.newfield.com/
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