Newfield has an inventory of approximately 30 uncompleted wells in the Woodford Shale. The timing of well completions is dependent on natural gas prices.

Lee Boothby, president and CEO of Newfield Exploration Company, said: "Although approximately 75% of our expected third quarter 2009 natural gas production is hedged at nearly $8 per 1,000 cubic feet, we are electing to curtail a portion of our production today.

"We still expect that our full-year 2009 production will be in the upper half of our previous guidance range of 250 billion of cubic feet equivalent to 260 billion of cubic feet equivalent."

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