Newfield completes EEX acquisition
  by: OilOnline
  Monday, December 02, 2002

Newfield Exploration closed the merger transaction involving EEX Corp. The deal followed EEX shareholder's approval of the merger under which EEX will become a subsidiary of Newfield. The entity will be named Newfield Exploration Gulf Coast Inc. With the addition of EEX's lease portfolio, Newfield will be one of the most active companies in South Texas. Newfield management said the acquisition balances its mix of onshore and offshore reserves and provides some high-potential drilling plays and prospects along the Texas Gulf Coast and in the Gulf of Mexico.