-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JXsHM1cp9BQrZc2eU7GHIedQyNcuakwwZVvF4BWV6hcFjdRbemxN8sb34cPZTTAo lBa7jLf2vQI7tte8UU3B2w== 0000950129-04-003993.txt : 20040610 0000950129-04-003993.hdr.sgml : 20040610 20040610171613 ACCESSION NUMBER: 0000950129-04-003993 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040610 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040610 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEWFIELD EXPLORATION CO /DE/ CENTRAL INDEX KEY: 0000912750 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 721133047 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12534 FILM NUMBER: 04858962 BUSINESS ADDRESS: STREET 1: 363 NORTH SAM HOUSTON PARKWAY EAST STREET 2: SUITE 2020 CITY: HOUSTON STATE: TX ZIP: 77060 BUSINESS PHONE: 281-847-6000 MAIL ADDRESS: STREET 1: 363 NORTH SAM HOUSTON PARKWAY EAST STREET 2: SUITE 2020 CITY: HOUSTON STATE: TX ZIP: 77060 8-K 1 h16104e8vk.txt NEWFIELD EXPLORATION COMPANY - JUNE 10, 2004 =============================================================================== 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): JUNE 10, 2004 NEWFIELD EXPLORATION COMPANY (Exact Name of Registrant as Specified in Its Charter) DELAWARE 1-12534 72-1133047 (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 363 N. SAM HOUSTON PARKWAY E., SUITE 2020 HOUSTON, TEXAS 77060 (Address of Principal Executive Offices) (281) 847-6000 (Registrant's Telephone Number, Including Area Code) =============================================================================== ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE On June 10, 2004, Newfield issued its @NFX publication, which includes updated tables detailing complete hedging positions for the second quarter of 2004 and beyond as of June 8, 2004. A copy of this publication is furnished herewith as Exhibit 99.1. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits 99.1 @NFX publication issued by Newfield Exploration Company on June 10, 2004. 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: June 10, 2004 By: /s/ TERRY W. RATHERT ------------------------------------------ Terry W. Rathert Vice President and Chief Financial Officer (Authorized Officer and Principal Financial Officer) 3 EXHIBIT INDEX Exhibit No. Description 99.1 @NFX publication issued by Newfield Exploration Company on June 10, 2004. EX-99.1 2 h16104exv99w1.txt @NFX PUBLICATION ISSUED BY NEWFIELD EXP. CO. EXHIBIT 99.1 [@NFX Publication Logo Appears Here] - ------------------------------------------------------------------------------- NATURAL GAS HEDGE POSITIONS The following hedge positions for the second quarter of 2004 and beyond are as of June 8, 2004:
Second Quarter 2004 WEIGHTED AVERAGE RANGE --------------------------------------------------- --------------------------------------- Volume Fixed Floors Collars Floor Ceiling 17,565 MMMBtus $4.76 -- -- -- -- 11,595 MMMBtus -- -- $4.68 -- $5.96 $3.00 -- $5.25 $4.16 -- $6.67 2,250 MMMBtus -- $4.21 -- $4.20 -- $4.21 -- Third Quarter 2004 WEIGHTED AVERAGE RANGE --------------------------------------------------- --------------------------------------- Volume Fixed Floors Collars Floor Ceiling 17,275 MMMBtus $4.75 -- -- -- -- 11,595 MMMBtus -- -- $4.68 -- $5.96 $3.00 -- $5.25 $4.16 -- $6.67 2,250 MMMBtus -- $4.21 -- $4.20 -- $4.21 -- Fourth Quarter 2004 WEIGHTED AVERAGE RANGE --------------------------------------------------- --------------------------------------- Volume Fixed Floors Collars Floor Ceiling 7,645 MMMBtus $4.78 -- -- -- -- 9,795 MMMBtus -- -- $4.90 -- $8.24 $3.00 -- $5.25 $4.16 -- $10.25 8,850 MMMBtus -- $5.39 -- $4.20 -- $5.50 -- First Quarter 2005 WEIGHTED AVERAGE RANGE --------------------------------------------------- --------------------------------------- Volume Fixed Floors Collars Floor Ceiling 2,245 MMMBtus $4.71 -- -- -- -- 15,495 MMMBtus -- -- $5.32 -- $9.88 $3.50 -- $5.77 $4.16 -- $10.25 5,400 MMMBtus -- $5.49 -- $5.47 -- $5.50 -- Second Quarter 2005 WEIGHTED AVERAGE RANGE --------------------------------------------------- --------------------------------------- Volume Fixed Floors Collars Floor Ceiling 1,065 MMMBtus $4.24 -- -- -- -- 345 MMMBtus -- -- $3.50 -- $4.16 $3.50 $4.16
Third Quarter 2005 WEIGHTED AVERAGE RANGE --------------------------------------------------- --------------------------------------- Volume Fixed Floors Collars Floor Ceiling 1,065 MMMBtus $4.24 -- -- -- -- 345 MMMBtus -- -- $3.50 -- $4.16 $3.50 $4.16 Fourth Quarter 2005 WEIGHTED AVERAGE RANGE --------------------------------------------------- --------------------------------------- Volume Fixed Floors Collars Floor Ceiling 1,065 MMMBtus $4.24 -- -- -- -- 345 MMMBtus -- -- $3.50 -- $4.16 $3.50 $4.16 NATURAL GAS 3-WAY COLLARS FLOORS COLLARS ---------- -------------- Second Quarter 2004 1,350 MMMBtus $3.50 $4.50 -- $6.08 900 MMMBtus $3.50 $4.50 -- $6.10 1,800 MMMBtus $3.76 $4.76 -- $5.20 900 MMMBtus $3.61 $4.61 -- $5.20 1,800 MMMBtus $3.62 $4.62 -- $5.20 Third Quarter 2004 1,350 MMMBtus $3.50 $4.50 -- $6.08 900 MMMBtus $3.50 $4.50 -- $6.10 1,800 MMMBtus $3.76 $4.76 -- $5.20 900 MMMBtus $3.61 $4.61 -- $5.20 1,800 MMMBtus $3.62 $4.62 -- $5.20 Fourth Quarter 2004 450 MMMBtus $3.50 $4.50 -- $6.08 300 MMMBtus $3.50 $4.50 -- $6.10 600 MMMBtus $3.76 $4.76 -- $5.20 300 MMMBtus $3.61 $4.61 -- $5.20 600 MMMBtus $3.62 $4.62 -- $5.20
These 3-way collar contracts are standard natural gas collar contracts with respect to the periods, volumes and prices stated above. The collar contracts have floor and ceiling prices per MMMBtu as per the table above until the market price drops below the floor price above. Below the floor price, these contracts effectively result in realized prices that are on average $1.00 per MMMBtu higher than the cash price that otherwise would have been realized. CRUDE OIL HEDGE POSITIONS The following hedge positions for the second quarter of 2004 and beyond are as of June 8, 2004:
Second Quarter 2004 WEIGHTED AVERAGE RANGE --------------------------------------------------- --------------------------------------- Volume Fixed Floors Collars Floor Ceiling 24,000 Bbls $23.23 -- -- -- -- 300,000 Bbls -- -- $22.80 -- $27.16 $22.00 -- $24.00 $26.04 -- $28.85 377,000 Bbls* -- -- $25.76 -- $29.91 $25.00 -- $26.00 $29.70 -- $30.05
Third Quarter 2004 WEIGHTED AVERAGE RANGE --------------------------------------------------- --------------------------------------- Volume Fixed Floors Collars Floor Ceiling 264,000 Bbls $32.18 -- -- -- -- 390,000 Bbls -- -- $26.35 -- $31.56 $22.00 -- $27.50 $26.35 -- $34.50 379,000 Bbls* -- -- $25.76 -- $29.91 $25.00 -- $26.00 $29.70 -- $30.05 Fourth Quarter 2004 WEIGHTED AVERAGE RANGE --------------------------------------------------- --------------------------------------- Volume Fixed Floors Collars Floor Ceiling 204,000 Bbls $29.85 -- -- -- -- 330,000 Bbls -- -- $27.14 -- $32.51 $27.00 -- $27.50 $30.65 -- $34.50 379,000 Bbls* -- -- $25.76 -- $29.91 $25.00 -- $26.00 $29.70 -- $30.05 First Quarter 2005 WEIGHTED AVERAGE RANGE --------------------------------------------------- --------------------------------------- Volume Fixed Floors Collars Floor Ceiling 141,000 Bbls $27.37 -- -- -- -- 240,000 Bbls -- -- $27.00 -- $31.76 $27.00 $30.65 -- $32.30 90,000 Bbls* -- -- $25.00 -- $29.70 $25.00 $29.70 Second Quarter 2005 WEIGHTED AVERAGE RANGE --------------------------------------------------- --------------------------------------- Volume Fixed Floors Collars Floor Ceiling 51,000 Bbls $22.63 -- -- -- -- 150,000 Bbls -- -- $27.00 -- $31.45 $27.00 $30.65 -- $32.10 Third Quarter 2005 WEIGHTED AVERAGE RANGE --------------------------------------------------- --------------------------------------- Volume Fixed Floors Collars Floor Ceiling 51,000 Bbls $22.63 -- -- -- -- Fourth Quarter 2005 WEIGHTED AVERAGE RANGE --------------------------------------------------- --------------------------------------- Volume Fixed Floors Collars Floor Ceiling 51,000 Bbls $22.63 -- -- -- --
*These 3-way collar contracts are standard crude oil collar contracts with respect to the periods, volumes and prices stated above. The contracts have floor and ceiling prices per barrel as per the table above until the price drops below $21.00 per barrel. Below $21.00 per barrel, these contracts effectively result in realized prices that are on average $4.70 per barrel higher than the cash price that otherwise would have been realized. - ------------------------------------------------------------------------------- Any publicly announced changes to the above estimates, as well as periodic drilling updates, will be available through @NFX. Through our web page at www.newfld.com, stockholders may register to receive @NFX by e-mail distribution. -----END PRIVACY-ENHANCED MESSAGE-----