Piceance Uinta

Piceance Uinta Exclusives

Newfield Exploration, office closures, Gulf Coast, Rocky Mountain, oil, gas

The company is aggressively looking to cut costs after it reported a $10 million severance expense in the first quarter of 2015 as it cut staff by 15%.

CEO Muncrief thinks natural gas has a future in the American West.

A 'transformative series of transactions' includes 'agreements with several undisclosed buyers to sell the majority of its Powder River Basin acreage.'