Seeking Alpha

Newfield Exploration (NFX) closes on the sale of its Gulf of Mexico assets to W&T Offshore...

Newfield Exploration (NFX) closes on the sale of its Gulf of Mexico assets to W&T Offshore (WTI); total YTD proceeds from non-strategic asset sales are ~$565M. NFX expects Q3 production of 75 Bcfe; for full-year 2012, it sees production of ~298 Bcfe vs. guidance of 296-304 Bcfe.
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