HOUSTON, Dec. 22, 2010 /PRNewswire-FirstCall/ -- EOG
Resources, Inc. (NYSE: EOG) and Newfield Exploration Company (NYSE:
NFX), under the terms provided for in the purchase and sale
agreement, have mutually agreed to terminate the agreement
announced November 15, 2010,
regarding EOG's sale of certain Marcellus
Shale acreage.
EOG Resources, Inc. is one of the largest independent
(non-integrated) oil and natural gas companies in the United States with proved reserves in
the United States, Canada, Trinidad, the United
Kingdom and China. EOG
Resources, Inc. is listed on the New York Stock Exchange and is
traded under the ticker symbol "EOG."
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 an active
drilling program and select acquisitions. Newfield's domestic areas
of operation include the Mid-Continent, the Rocky Mountains,
onshore Texas, Appalachia and the
Gulf of Mexico. The Company has
international operations in Malaysia and China.
SOURCE EOG Resources, Inc.; Newfield Exploration Company