Newfield Exploration Company will be presenting at the Bank of America Energy Conference in Key Biscayne, Florida, on Friday, November 17, 2006. The presentation will update investors on recent activities in the Company's Woodford Shale Play, located in the Arkoma Basin of southeastern Oklahoma.

The presentation will be given by Lee K. Boothby, President of Newfield Mid-Continent. Highlights from the presentation are summarized below:

Recent horizontal drilling results have been encouraging. Newfield now has production data from 29 horizontal wells. Recent horizontal wells are benefiting from increased fracture stimulation densities and show significantly higher production rates. The initial gross production from the eight horizontal wells Newfield has tested with increased frac densities averages nearly 6 MMcfe/d (see list below).

The Stuart #1H -13 reached peak initial production on November 15 of 10.6 MMcfe/d. This is a 2,500' lateral with a five-stage frac.

The Tollett #1H-22 reached peak initial production of more than 10 MMcfe/d. This is a 2,500' lateral with a five-stage frac. The well has averaged approximately 6 MMcfe/d in the first month of production.

The Tipton #1H-23 had initial production of more than 7 MMcfe/d. This is a 3,500' lateral with a seven-stage frac. The well has averaged approximately 5 MMcfe/d over the first two weeks of production.

The Turpin #1H-35 began flowing to sales on November 13 at a rate of 7 MMcfe/d. This is a 1,600' lateral with a three-stage frac.

The Bullock #1H-15 had peak initial production of 5 MMcfe/d. This is a 3,500' lateral with a five-stage frac. The well averaged 4.1 MMcfe/d over the first month of production.

The Eddings #1H-14 had peak initial production of 3 MMcfe/d. This is a 2,200' lateral with a four-stage frac. This well averaged 2.8 MMcfe/d during its first month of production.

The Balm #1H-14 is testing at 2.3 MMcfe/d. This is a 2,500' lateral with a five-stage frac.

The Wilson #1H-32 is testing at 1.8 MMcfe/d. This is a 3,500' lateral with a seven-stage frac.

Newfield's gross production from the Woodford Shale area has grown rapidly and is nearly 80 MMcfe/d. This compares to gross production of 25 MMcfe/d at this time last year. Total Mid-Continent division production now exceeds 165 MMcfe/d net.