Its shareholders agreed early Tuesday with counterpart investors in
The deal will pay each Newfield investor about 2.67 shares of
Newfield’s leadership has said investors will benefit from the merger through reduced costs involving efficiencies in scale, plus the strong balance sheet that
Investors in the new company, meanwhile, are looking forward to benefits promised by
Before the merger,
The acquisition brings it 360,000 acres of resources in
In November, when the merger plan was announced,
“This transaction creates a leading North American unconventional company,”
He also said
Newfield’s consolidated daily net production in the third quarter of 2018 was more than 185,000 barrels of oil equivalent, with 71 percent of that coming from
Newfield reported a net income in the third quarter of $224 million.
On Tuesday, Newfield officials said 10 rigs were actively drilling locations in
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