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TheStreet Open House

Newfield Exploration Management Discusses Q2 2012 Results - Earnings Call Transcript

Newfield Exploration (NFX)

Q2 2012 Earnings Call

July 25, 2012 8:30 am ET

Executives

Lee K. Boothby - Chairman, Chief Executive Officer and President

Terry W. Rathert - Chief Financial Officer, Principal Accounting Officer and Executive Vice President

Gary D. Packer - Chief Operating Officer and Executive Vice President

Stephen C. Campbell - Vice President of Investor Relations

Analysts

Brian Lively - Tudor, Pickering, Holt & Co. Securities, Inc., Research Division

Leo P. Mariani - RBC Capital Markets, LLC, Research Division

David W. Kistler - Simmons & Company International, Research Division

Brian Singer - Goldman Sachs Group Inc., Research Division

David R. Tameron - Wells Fargo Securities, LLC, Research Division

Subash Chandra - Jefferies & Company, Inc., Research Division

Joseph Patrick Magner - Macquarie Research

Anne Cameron - BNP Paribas, Research Division

William B. D. Butler - Stephens Inc., Research Division

Kenneth A. Carroll - Johnson Rice & Company, L.L.C., Research Division

John P. Herrlin - Societe Generale Cross Asset Research

Dan McSpirit - BMO Capital Markets U.S.

Richard M. Tullis - Capital One Southcoast, Inc., Research Division

Rudolf A. Hokanson - Barrington Research Associates, Inc., Research Division

Presentation

Operator

Good day, everyone and welcome to Newfield Exploration's Second Quarter 2012 Conference Call. Just a reminder, today's call is being recorded. And before we get started, one housekeeping matter.

Our discussion with you today will contain forward-looking statements, such as estimated production and timing, drilling and development plans, expected cost reductions and planned capital expenditures. Although we believe that the expectations reflected in these statements are reasonable, they are based upon assumptions and anticipated results that are subject to numerous uncertainties and risks.

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