Newfield Exploration Company Announces Pricing of Common Stock Offering**
August 13 2004 - 12:04AM
PR Newswire (US)
Newfield Exploration Company Announces Pricing of Common Stock
Offering** HOUSTON, Aug. 12 /PRNewswire-FirstCall/ -- Newfield
Exploration Company (NYSE:NFX) today announced that it has priced a
public offering of 4,700,000 shares of its common stock at $52.85
per share. All shares are being sold by Newfield. Newfield also has
granted the underwriters a 30-day option to purchase up to 705,000
additional shares of its common stock to cover over-allotments, if
any. Newfield expects the issuance and delivery of the shares to
occur on August 18, 2004, subject to satisfaction of customary
closing conditions. Newfield intends to use the net proceeds of the
offering to partially fund its recently announced and pending
acquisition of Inland Resources Inc. Morgan Stanley & Co.
Incorporated is acting as sole book-running manager for the
offering. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there by any sale
of these securities in any state in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any state. Newfield Exploration
Company is an independent crude oil and natural gas exploration and
production company. The Company relies on a proven growth strategy
that includes balancing acquisitions with drill bit opportunities.
Newfield's areas of operation include the Gulf of Mexico, the U.S.
onshore Gulf Coast, the Anadarko and Arkoma Basins and select
international ventures. **The statements set forth in this release
contain certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. The consummation of the pending
acquisition described in this release is subject to the
satisfaction or waiver of several conditions, one or more of which
may not be satisfied or waived. Newfield Exploration Company For
information, contact: 363 N. Sam Houston Parkway East, Ste. 2020
Steve Campbell Houston, TX 77060 (281) 847-6081
http://www.newfld.com/ DATASOURCE: Newfield Exploration Company
CONTACT: Steve Campbell of Newfield Exploration Company,
+1-281-847-6081, Web site: http://www.newfld.com/
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