Newfield Exploration Co. has retained Meagher Energy Advisors to sell certain operated and nonoperated properties in Texas, Oklahoma and New Mexico.

The first package includes an average 76.6% working interest (61.6% net revenue interest) in 25 operated wells targeting the Permian Basin in Eddy County, New Mexico, and Ector, Gaines, Pecos and Terry counties, Texas. Forecasted sales for April are 188,000 cubic feet of gas and 63 barrels of oil per day for projected net cash flow of $162,715 per month. Upside in this package includes potential for net 949,000 ...