WASHINGTON (dpa-AFX) - Newfield Exploration Co (NFX) Monday closed on the $588 million sale of its Granite Wash assets. Proceeds will be used to call Newfield's 71/8 % Senior Subordinated Notes due 2018.
As a result of the sale, Newfield now expects 2014 production of 45.5 - 47.5 MMBOE, from prior guidance of 46.5 - 48.5 MMBOE.
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