Newfield Exploration (NFX) Tops Q3 EPS by 5c

Newfield Exploration (NYSE: NFX) reported Q3 EPS of $0.21, $0.05 better than the analyst estimate of $0.16.

015 Production Guidance and Capital Investments

Newfield increased its 2015 domestic net production guidance to 50.0 – 50.5 MMBOE (previous forecast: 48.5 – 50.0 MMBOE). With recent strong performance from its wells in the Anadarko Basin's SCOOP and STACK, Newfield again increased its expectations for fourth quarter 2015 average net production in the Anadarko Basin to approximately 74,000 BOEPD (previous forecast: 71,000 BOEPD).

Total Company net production guidance was raised to 55.3 – 55.8 (previous forecast: 53.5 – 55.0 MMBOE). The Company's 2015 capital budget was reiterated at approximately $1.4 billion.

Additional operational highlights for the third quarter of 2015 can be found in @NFX.

Newfield Exploration Company is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. We focus on U.S. resource plays and our principal areas of operation include the Mid-Continent, the Rocky Mountains and onshore Texas. We also have offshore oil developments in China.

For earnings history and earnings-related data on Newfield Exploration (NFX) click here.

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