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May 7, 2008
Newfield, ExxonMobil Enter JV In South Texas

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Newfield Exploration Co., Houston, (NYSE: NFX) has entered a joint venture with ExxonMobil Corp., Irving, Texas, (NYSE: XOM) to explore and develop approximately 87,000 gross acres in South Texas, targeting the Vicksburg Trend, during the next three years.


The agreement covers properties in Kenedy, Brooks and Hidalgo counties and complements Newfield’s existing activity areas. Newfield will have 50% working interest in the venture.

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