Newfield Exploration 2016 Year-End Update and 2017 Outlook

Newfield Exploration's year-end 2016 update outlines plans to transition the STACK play to development and accelerate Anadarko Basin operations using cash on hand. The company highlights 2016 achievements including 38% production growth in the Anadarko Basin, completion of the STACK acquisition, and improved domestic cost efficiency, while projecting sustainable double-digit production growth and 150-170 MBOEPD production targets for 4Q19.