8-K

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): August 27, 2004

NEWFIELD EXPLORATION COMPANY

(Exact Name of Registrant as Specified in Its Charter)

Delaware
(State or Other Jurisdiction
of Incorporation) 1-12534
(Commission File Number) 72-1133047
(I.R.S. Employer
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)

TABLE OF CONTENTS

	Item 2.01 Completion of Acquisition or Disposition of Assets
	Item 8.01 Other Events
	Item 9.01 Financial Statements and Exhibits
SIGNATURES
Exhibit Index
@NFX Publication issued on August 27, 2004

Item 2.01 Completion of Acquisition or Disposition of Assets

     On August 27, 2004, we completed our previously announced $575 million acquisition of privately held Inland Resources. The acquisition established a new Rocky Mountain focus area for us. Inland's major asset is the 110,000-acre Monument Butte Field, located in the Uinta Basin of Northeast Utah. We estimate that Inland owns 326 billion cubic feet equivalent of proved reserves. The reserves are 85% oil and 70% proved undeveloped. The purchase price was funded through recent concurrent offerings of our common stock and our 6 5/8% senior subordinated notes due 2014.

Item 8.01 Other Events

     On August 27, 2004, Newfield Exploration Company issued its @NFX publication, which includes updated tables detailing complete hedging positions as of August 27, 2004. A copy of this publication is furnished herewith as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(a) Financial Statements of Business Acquired

     It was impracticable to provide the required financial statements for the Business Acquired by the date this Report was filed with the Securities and Exchange Commission (the “Commission”) as none of the required financial statements were available on such date. The Company will provide such statements under cover of Form 8-K/A as soon as practicable, but in any event not later than 60 days after the date this Report was required to be filed with the Commission.

(b) Pro Forma Financial Information

     It was impracticable to provide the required pro forma financial information by the date this Report was filed with the Commission as none of the required information was available on such date. The Company will provide such information under cover of Form 8-K/A as soon as practicable, but in any event not later than 60 days after the date this Report was required to be filed with the Commission.

(c) Exhibits

     99.1     @NFX publication issued by Newfield Exploration Company on August 27, 2004.

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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: August 30, 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 August 27, 2004.

EX-99.1

Exhibit 99.1

@NFX is periodically published to keep shareholders aware of current operating activities at Newfield. It may include estimates of expected production volumes, costs and expenses, recent changes to hedging positions and commodity pricing.

If you have problems viewing this e-mail please go to www.newfld.com

August 27, 2004

We have recently added oil hedges in conjunction with our acquisition of Inland Resources. Please see below for a complete update on all of our hedge positions.

Call me with questions.

Steve Campbell

Natural Gas Hedge Positions

The following hedge positions for the third quarter of 2004 and beyond are as of August 27, 2004:

Third Quarter 2004

	Weighted Average					Range
Volume	Fixed		Floors		Collars	Floor		Ceiling
21,429 MMMBtus	$	5.06		—	—		—		—
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
11,613 MMMBtus	$	5.40		—	—		—		—
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
5,807 MMMBtus	$	6.02		—	—		—		—
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
4,860 MMMBtus	$	5.53		—	—		—		—
345 MMMBtus		—		—	$3.50 — $4.16	$	3.50	$	4.16
Third Quarter 2005

	Weighted Average					Range
Volume	Fixed		Floors		Collars	Floor		Ceiling
5,206 MMMBtus	$	5.53		—	—		—		—
345 MMMBtus		—		—	$3.50 — $4.16	$	3.50	$	4.16
Fourth Quarter 2005

	Weighted Average					Range
Volume	Fixed		Floors		Collars	Floor		Ceiling
5,025 MMMBtus	$	5.64		—	—		—		—
345 MMMBtus		—		—	$3.50 — $4.16	$	3.50	$	4.16

Natural Gas 3-Way Collars

	Floors		Collars
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 third quarter of 2004 and beyond are as of August 27, 2004:

Third Quarter 2004

	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
344,000 Bbls	$	30.29	—	—		—	—
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
444,000 Bbls	$	26.60	—	—		—	—
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
717,000 Bbls	$	32.78	—	—		—	—
240,000 Bbls		—	—	$27.00 — $31.76		$27.00	$30.65 — $32.30
270,000 Bbls*		—	—	$32.00 — $43.32		$25.00 — $36.00	$29.70 — $51.25
Second Quarter 2005
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
631,000 Bbls	$	33.21	—	—		—	—
150,000 Bbls		—	—	$27.00 — $31.45		$27.00	$30.65 — $32.10
182,000 Bbls*		—	—	$35.50 — $50.13		$35.00 — $36.00	$49.00 — $51.25
Third Quarter 2005
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
635,000 Bbls	$	33.25	—	—		—	—
184,000 Bbls*		—	—	$35.50 — $50.13		$35.00 — $36.00	$49.00 — $51.25
Fourth Quarter 2005
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
635,000 Bbls	$	33.25	—	—		—	—
184,000 Bbls*		—	—	$35.50 — $50.13		$35.00 — $36.00	$49.00 — $51.25
First Quarter 2006
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
381,000 Bbls	$	31.61	—	—		—	—
219,000 Bbls*		—	—	$35.18 — $51.30		$35.00 — $36.00	$50.50 — $55.00
Second Quarter 2006
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
383,000 Bbls	$	31.64	—	—		—	—
221,000 Bbls*		—	—	$35.18 — $51.29		$35.00 — $36.00	$50.50 — $55.00

Third Quarter 2006

	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
385,000 Bbls	$	31.66	—	—		—	—
283,000 Bbls*		—	—	$35.35 — $52.07	$	35.00 — $36.00	$50.50 — $55.00
Fourth Quarter 2006
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
385,000 Bbls	$	31.66	—	—		—	—
283,000 Bbls*		—	—	$35.35 — $52.07		$35.00 — $36.00	$50.50 — $55.00
First Quarter 2007
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
120,000 Bbls	$	27.00	—	—		—	—
630,000 Bbls*		—	—	$32.86 — $50.97		$32.00 — $35.00	$50.00 — $52.80
Second Quarter 2007
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
120,000 Bbls	$	27.00	—	—		—	—
637,000 Bbls*		—	—	$32.86 — $50.97		$32.00 — $35.00	$50.00 — $52.80
Third Quarter 2007
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
644,000 Bbls*		—	—	$32.86 — $50.97		$32.00 — $35.00	$50.00 — $52.80
Fourth Quarter 2007
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
644,000 Bbls*		—	—	$32.86 — $50.97		$32.00 — $35.00	$50.00 — $52.80
First Quarter 2008
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
637,000 Bbls*		—	—	$32.86 — $50.38		$32.00 — $35.00	$49.50 — $52.90
Second Quarter 2008
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
637,000 Bbls*		—	—	$32.86 — $50.38		$32.00 — $35.00	$49.50 — $52.90

Third Quarter 2008

	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
644,000 Bbls*		—	—	$32.86 — $50.38		$32.00 — $35.00	$49.50 — $52.90
Fourth Quarter 2008
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
644,000 Bbls*		—	—	$32.86 — $50.38		$32.00 — $35.00	$49.50 — $52.90
First Quarter 2009
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
540,000 Bbls*		—	—	$32.83 — $50.93		$32.00 — $34.00	$50.00 — $54.55
Second Quarter 2009
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
546,000 Bbls*		—	—	$32.83 — $50.93		$32.00 — $34.00	$50.00 — $54.55
Third Quarter 2009
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
552,000 Bbls*		—	—	$32.83 — $50.93		$32.00 — $34.00	$50.00 — $54.55
Fourth Quarter 2009
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
552,000 Bbls*		—	—	$32.83 — $50.93		$32.00 — $34.00	$50.00 — $54.55
First Quarter 2010
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
360,000 Bbls*		—	—	$32.50 — $50.26		$32.00 — $34.00	$50.00 — $51.00
Second Quarter 2010
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
363,000 Bbls*		—	—	$32.50 — $50.26		$32.00 — $34.00	$50.00 — $51.00
Third Quarter 2010
	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
366,000 Bbls*		—	—	$32.50 — $50.25		$32.00 — $34.00	$50.00 — $51.00

Fourth Quarter 2010

	Weighted Average				Range
Volume	Fixed		Floors	Collars	Floor		Ceiling
366,000 Bbls*		—	—	$32.50 — $50.25		$32.00 — $34.00	$50.00 — $51.00

*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 a weighted average price of $26.10 per barrel. Below $26.10 per barrel, these contracts effectively result in realized prices that are on average $6.18 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.