Newfield Exploration Co.

Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
MM
Description

Newfield Exploration Co. has hired The Oil & Gas Asset Clearinghouse to sell its operated assets in the Burr Field - Two M in Maverick County, Texas.

Newfield has between 50% and 100% working interest in 10 operated oil wells and one operated natural gas wells. The net revenue interest is between 37% and 74% on 10,450 net acres producing about 170 barrels of oil equivalent (BOE) per day.

The average net cash flow from the assets is about $400,000 per month.

In addition, Newfield is offering at least 10 drilling opportunities in the Georgetown formation and has three-dimensional seismic data available.

The electronic data room opened Jan. 15 and bids are due by Feb. 11, 2013. For additional information, contact Pat DaPra, manager, negotiated transactions at The Oil & Gas Asset Clearinghouse, at 832-601-7655.