fwp
Filed Pursuant to Rule 433
Registration No. 333-176218
September 27, 2011
NEWFIELD EXPLORATION COMPANY
Pricing Term Sheet

$750 million 5.75% Senior Notes due 2022
     
Issuer:
  Newfield Exploration Company 
Security Description:
  Senior Unsecured Notes 
Format:
  SEC Registered 
Expected Ratings: (Moody’s / S&P / Fitch)*
  Ba1 / BBB- / BB+ 
Expected Outlooks: (Moody’s / S&P / Fitch)*
  Stable / Stable / Positive 
Principal Amount:
  $750,000,000 
Net Proceeds to Issuer (before expenses):
  $743,107,500 
Pricing Date:
  September 27, 2011 
Settlement Date (T+3):
  September 30, 2011 
Maturity Date:
  January 30, 2022 
Benchmark Treasury:
  UST 2.125% due August 15, 2021 
Benchmark Yield / Price:
  2.009% / 101-01 
Spread to Benchmark Treasury:
  +374 bps 
Yield to Maturity:
  5.75% 
Coupon:
  5.75% 
Public Offering Price:
  99.956% of principal amount 
Interest Payment Dates:
  January 30 and July 30, beginning on July 30, 2012 
Optional Redemption:
  Make whole call T+50 bps 
CUSIP / ISIN:
  651290AP3 / US651290AP34 
Joint Book-Running Managers:
  J.P. Morgan Securities LLC
Wells Fargo Securities, LLC 
Co-Managers:
  Banco Bilbao Vizcaya Argentaria, S.A.
DnB NOR Markets, Inc.
Goldman, Sachs & Co.
Mitsubishi UFJ Securities (USA), Inc.
Tudor, Pickering, Holt & Co.
Barclays Capital Inc.
CIBC World Markets Corp.
Citigroup Global Markets Inc.
Mizuho Securities USA Inc.
U.S. Bancorp Investments, Inc. 
 
*   Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus supplement and the accompanying prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement if you request it by calling J.P. Morgan Securities LLC collect at 1-212-834-4533 or Wells Fargo Securities, LLC toll-free at 1-800-526-3897.