912750--2/29/2008--NEWFIELD_EXPLORATION_CO_/DE/

related topics
{gas, price, oil}
{cost, regulation, environmental}
{personnel, key, retain}
{acquisition, growth, future}
If oil and gas prices decrease, we may be required to take writedowns. Production growth at Monument Butte may be limited by the demand for our crude oil production. Competition for experienced technical personnel may negatively impact our operations or financial results. Competition for available oil and gas properties is extremely intense. We may be unable to obtain the drilling rigs or support services necessary for our offshore drilling and development programs in a timely manner or at acceptable rates. We may be subject to risks in connection with acquisitions. Drilling is a high-risk activity. The oil and gas business involves many operating risks that can cause substantial losses; insurance may not protect us against all these risks. Exploration in deepwater may involve significant financial risks. We are subject to complex laws that can affect the cost, manner or feasibility of doing business.

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