Independents Newfield and Kerr-McGee focus on 'balance'

摘要

Houston-"Balance" was the buzzword July 28 for independent E&Ps Newfield Exploration and Kerr-McGee as they reported strong second-quarter results.Newfield also revealed more details on three new discoveries and an acquisition.Although he would identify the seller only as a private company,Newfield CEO David Tryce told analysts his company has closed an acquisition of Oklahoma property that has potential for drilling 250 wells in the next two years while expanding Newfield's coalbed methane operations in the mid-continent.