Newfield in the News

Trevor Reuben Named to Oil and Gas Investor’s 40 under 40

40under40web
Dec 13, 2017
Trevor Reuben, vice president – corporate development, was named to Oil and Gas Investor Magazine’s 40 under 40, a notable distinction in the industry.

 

Trevor Reuben said "the Stack play has really evolved over the last two to three years," during which time Newfield Exploration executed a $2-billion balance sheet recapitalization [early 2015] and acquired assets in the core of the play from Chesapeake Energy Corp. [in 2016].

The Anadarko Basin-focused E&P now has an undrawn revolver and cash on the balance sheet—"a great position to be in," he said, noting that through the next cycle, Newfield seeks to expand its scale and size. "Investing this year to assess opportunities on our existing acreage could unlock the next Stack play and reposition Newfield within the industry."

"The oil and gas industry is critical to everything that people experience in their daily lives— transportation, plastics, clothing, medicine, the food supply and much more. Therefore, it is an essential component of the economy and has been at the center of many historic events, and will be in the future, as well."

Read the full story here.