UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
______________
FORM
8-K
______________
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of
1934
Date
of Report (Date of earliest event reported): December 12,
2005
______________
NEWFIELD
EXPLORATION COMPANY
(Exact
name of registrant as specified in its charter)
______________
|
Delaware
|
1-12534
|
72-1133047
|
|
(State
or other jurisdiction
|
(Commission
File Number)
|
(I.R.S.
Employer
|
|
of
incorporation)
|
Identification
No.)
|
363
N. Sam Houston Parkway E., Suite 2020
Houston,
Texas 77060
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (281)
847-6000
Not
Applicable
(Former
name or former address, if changed since last report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
|
|
|
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
|
|
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
|
|
|
|
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
|
Item
8.01 Other
Events
On
December 12, 2005, Newfield issued a press release announcing the signing of
a
new Production Sharing Contract for Block 17/08 in the Pearl River Mouth Basin
of the South China Sea. A copy of the press release is furnished herewith as
Exhibit 99.1.
Item
9.01 Financial
Statements and Exhibits
|
(c)
|
Exhibits
|
|
|
99.1
|
Press
release issued by Newfield Exploration Company on December 12,
2005.
|
2
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this Form 8-K to be signed on its behalf by the undersigned hereunto
duly authorized.
|
NEWFIELD
EXPLORATION COMPANY
|
||
|
Date:
December
12, 2005
|
By:
|
/s/
TERRY W. RATHERT
|
|
Terry
W. Rathert
|
||
|
Senior
Vice President and Chief Financial Officer
|
||
3
Exhibit
Index
|
Exhibit
No.
|
Description
|
|
|
99.1
|
Press
release issued by Newfield Exploration Company on December 12,
2005.
|
Exhibit
99.1
Newfield
Exploration Signs New PSC in Pearl River Mouth Basin
FOR
IMMEDIATE RELEASE
Houston
- (December 12, 2005) - Newfield Exploration Company
(NYSE:NFX)
today
announced the signing of a new Production Sharing Contract for Block 17/08
in
the Pearl River Mouth Basin of the South China Sea. The block covers 7,108
square kilometers (approximately 1.8 million acres) and is located 180
kilometers offshore Hong Kong. Newfield will have a 100% working interest in
the
block during the exploration phase. The Chinese National Offshore Oil
Corporation reserves the right to back-in to any development with a 51%
interest.
Newfield
plans to reprocess existing 2-D and 3-D seismic data and conduct a 3-D seismic
survey over an undeveloped discovery on Block 17/08. The seismic analysis will
be used to select drilling targets. Newfield is committed to drill wildcat
wells
during the exploration period; with the first well to be drilled during the
next
three years.
In
addition, Newfield signed a Geophysical Survey Agreement on adjacent Block
16/05, which covers 2,064 square kilometers (approximately 510,000 acres).
Newfield plans to acquire new 3-D seismic data to help identify targets on
this
acreage. Newfield also will have a 100% interest in this block, prior to any
back-in by CNOOC.
Newfield
has been active in China since 1997 and is currently participating in the
development of two oil fields in Bohai Bay -- the CFD 11-6/12-1 and 12-1 South
fields. The fields are operated by Kerr McGee Corporation.
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 domestic areas
of operation include the Gulf of Mexico, the U.S. onshore Gulf Coast, the
Anadarko and Arkoma Basins of the Mid-Continent and the Uinta Basin of the
Rocky
Mountains. The Company has international exploration and development projects
underway in Malaysia, the U.K. North Sea and China.
|
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
|
info@newfld.com
|
###