Newfield Exploration plans $1.7B of capex in 2011, and expects production to rise 8-12% from...

|By:, SA News Editor

Newfield Exploration plans $1.7B of capex in 2011, and expects production to rise 8-12% from 2010. "With our continuing view that natural gas prices will remain challenged in 2011, we are directing our investments to oil plays that deliver premium returns." (PR)