Newfield Exploration reaffirms 2013 total production view of 44M-47M BOE Company sees 2013 domestic total production 37M-40M BOE, 2014 domestic total production 43M-49M BOE, 2015 domestic total production 46M-57M BOE. Sees 2013 total LOE per BOE $10.80-$12.00, sees production & other taxes per BOE $7.00-$7.80, and the company sees DD&A expense per BOE $18.50-$19.25.
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Newfield Exploration should consider upstream MLP, says FBR Capital FBR Capital believes Newfield Exploration management should consider an upstream master limited partnership since the company's Uinta Basin's growth potential is not being fully recognized by investors. FBR said its analysis indicates the pretax value of the Uinta business within an MLP would be $5.3B compared with Newfield's current enterprise value of $6.2B. The firm raised its price target for the stock to $40 from $35 to reflect the company's turnaround progress and keeps an Outperform rating on the stock.