Newfield Exploration Co. said it will spend about $1.7 billion this year on exploration and production activity, with two-thirds directed to oil plays and the rest focused on liquids-rich natural gas. The amount is equivalent to the company’s estimate of 2011 cash flow from operations.
Deferral
Articles from Deferral
Natural Gas at Risk from Cycles, Economy; February Drops 15.9 Cents
February natural gas futures retreated Tuesday as traders had to navigate both a strong dollar and seasonal analyses showing a deferral of the preseason low by up to two months. February futures skidded 15.9 cents to $4.642 , and the March contract dropped 18.2 cents to $4.631. The expiring February crude oil contract enjoyed last-minute buying and rose $2.23 to $38.74, but more distant contracts fell.
January 21, 2009
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