SandRidge Energy Inc. (SD), Plains Exploration & Production Company (PXP): Newfield Exploration Co. (NFX) : How Much Can it Get for its International Assets?

However, Newfield Exploration Co (NYSE:NFX) does not re-invent the wheel. Several major players have already done the same, by focusing on their onshore North American assets and selling the international ones. For instance, Devon Energysold its Brazilian assets one year ago to focus on its North American properties.

The horizontal drilling, coupled with hydraulic fracturing, have boosted the shale oil and gas production in North America. This increased oil and gas production has also revived several sectors of the American economy, pushing the unemployment rate down significantly during the last two years. This has lead Newfield to believe that it can raise its production from its U.S. onshore properties, avoiding the high exploratory costs of risky offshore drilling.