May 25, 2018 3:39 PM ET

Company Overview of Newfield Production Company

Company Overview

Newfield Production Company was formerly known as Inland Production Company and changed its name in September, 2004. Newfield Production Company was incorporated in 1977 and is based in Denver, Colorado. Newfield Production Company operates as a subsidiary of Newfield Exploration Co.

1401 17th Street

Suite 1000

Denver, CO 80202

United States

Founded in 1977

Key Executives for Newfield Production Company

Newfield Production Company does not have any Key Executives recorded.

Newfield Production Company Key Developments

United States District Court Rules in Favor of Newfield Production Company

Harvest Natural Resources Inc. announced that on April 12, 2018, the judge entered a final ruling in favor of Newfield Production Company on all of plaintiffs' claims of relief and dismissed each claim. In February 2015, Harvest Natural Resources Inc. and its subsidiary Harvest (US) Holdings Inc., Branta, LLC and Branta Exploration & Production Company, LLC filed a complaint against Newfield Production Company in the United States District Court for the District of Colorado. The plaintiffs had previously sold oil and natural gas assets located in Utah's Uinta Basin to Newfield pursuant to two purchase and sale agreements, each dated March 21, 2011. In the complaint the plaintiffs alleged, among other things, that prior to the sale, Newfield breached separate confidentiality agreements with Harvest US and Branta and violated antitrust laws, which resulted in a depressed sales price for the assets. In the complaint, the plaintiffs sought monetary damages, punitive damages, attorneys' fees, interest, and costs for breach of contract, violation of the Colorado Antitrust Act, violation of the Sherman Antitrust Act and tortious interference with a prospective business advantage. The trial of this lawsuit was held before a judge on September 11 through 25, 2017. Post-trial briefs were filed in late 2017 and early 2018, and the parties awaited the judge's ruling.

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