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Newfield Touts Anadarko Basin Production Milestone in 3Q
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Newfield Exploration Company reported its unaudited third quarter 2015 financial results.
Highlights: 3Q15 net domestic production of 12.9 MMBOE exceeded guidance mid-point by 0.4 MMBOE Total Company oil production increased 42% year-over-year; domestic oil production up 11% year-over-year adjusted for asset sales 3Q15 domestic lease operating expense of $4.51 per BOE was 15% below guidance; full-year 2015 lease operating expense expected to be down nearly 25% year-over-year per BOE Adjusted 3Q15 diluted earnings per share of $0.21 topped consensus estimates Full-year 2015 net domestic production forecast raised for second time to 50.0 - 50.5 MMBOE (previous forecast: 48.5 - 50.0 MMBOE); 2015 consolidated net production raised to 55.3 - 55.8 (previous forecast: 53.5 - 55.0 MMBOE)- 3Q15…- ✓ Full news archive — U.S., Canada & international coverage
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