Newfield Exploration closes asset sale, gives production volume guidance Newfield Exploration Company announced the closing on its previously announced sale of its assets in the Gulf of Mexico to W&T Offshore. Including this transaction, total year-to-date proceeds from non-strategic asset sales are approximately $565M. The company's Q3 production volumes will include its Gulf of Mexico properties. Newfield expects that its Q3 production volumes will be approximately 75 Bcfe, including the negative impact of about 0.5 Bcfe related to storms in the Gulf of Mexico.
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