Steven Nance - Newfield Exploration Independent Director

Director

Mr. Steven W. Nance is the Lead Independent Director of Newfield Exploration Company. Mr. Nance has served as President and Manager of Steele Creek Energy, LLC, a private oil and gas investment company, since 2010. Since 2007, Mr. Nance also has provided consulting services on matters such as oil and gas investments, succession planning, coaching and leadership development. Mr. Nance began his career in 1978 as an engineer with The Superior Oil Company since 2015.
Age 60
Tenure 9 years
Phone(44) 1223 627222
Webwww.levrett.com
Nance joined Meridian Oil, Inc., the predecessor company to Burlington Resources, Inc., in 1985, where he held positions of increasing responsibility until his departure in 1997 as Vice President of Burlington’s Gulf Coast division. From 1997 to 1999, he was with XPLOR Energy and its predecessor company, acting as its Chairman, President and CEO in 1999, when XPLOR Energy was acquired by Harken Energy Corporationrationrationration. From 2000 to 2007, Mr. Nance served as President of Peoples Energy Production Company, until it was acquired by El Paso Corporationrationrationration. He holds a B.S. in Petroleum Engineering.

Newfield Exploration Management Efficiency

Newfield Exploration's management efficiency ratios could be used to measure how well Newfield Exploration manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 2.44 B in debt with debt to equity (D/E) ratio of 130.2, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Newfield Exploration has a current ratio of 0.71, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Newfield Exploration until it has trouble settling it off, either with new capital or with free cash flow. So, Newfield Exploration's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Newfield Exploration sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Newfield to invest in growth at high rates of return. When we think about Newfield Exploration's use of debt, we should always consider it together with cash and equity.

Similar Executives

Showing other executives

DIRECTOR Age

Susan FischAmTrust Financial Services
71
Dennis WoodsideServiceNow
51
Masaaki SugiyamaChiba Bank Ltd
N/A
Norman SorensenEncore Capital Group
72
Anita SandsServiceNow
43
Joji SugoChiba Bank Ltd
54
Ash GuptaEncore Capital Group
N/A
Satoru MakiChiba Bank Ltd
N/A
Tomoyuki YokotaChiba Bank Ltd
72
Shunichi IshiiChiba Bank Ltd
N/A
Osamu KimuraChiba Bank Ltd
60
Hitoshi IkedaChiba Bank Ltd
N/A
Charles GiancarloServiceNow
58
Richard SrednickiEncore Capital Group
70
Toyokuni YazakiChiba Bank Ltd
77
Abraham GulkowitzAmTrust Financial Services
67
Richard StovskyEncore Capital Group
60
Leah KarfunkelAmTrust Financial Services
69
Eiji TaniguchiChiba Bank Ltd
55
Kazuhiko MiyagiChiba Bank Ltd
N/A
Tadayoshi ShinozakiChiba Bank Ltd
58
Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company was founded in 1988 and is headquartered in The Woodlands, Texas. Newfield Exploration operates under Oil Gas EP classification in USA and is traded on BATS Exchange. It employs 1010 people. Newfield Exploration (NFX) is traded on New York Stock Exchange in USA and employs 1,010 people.

Management Performance

Newfield Exploration Leadership Team

Elected by the shareholders, the Newfield Exploration's board of directors comprises two types of representatives: Newfield Exploration inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Newfield. The board's role is to monitor Newfield Exploration's management team and ensure that shareholders' interests are well served. Newfield Exploration's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Newfield Exploration's outside directors are responsible for providing unbiased perspectives on the board's policies.
Lee Boothby, Chairman, CEO and Pres
James Wells, Independent Director
Thomas Ricks, Independent Director
Charles Shultz, Independent Director
John Jasek, Sr. VP of Operations
Matthew Vezza, Vice President - Rocky Mountains
George Dunn, Sr. VP of Devel.
Valerie Mitchell, Vice President - Mid Continent
Roger Plank, Independent Director
Steven Nance, Independent Director
Terry Strange, Independent Director
Stephen Campbell, Vice President - Investor Relations
Edgar Giesinger, Independent Director
John Marziotti, General Counsel, Corporate Secretary
Juanita Romans, Independent Director
Timothy Yang, General Counsel, Corporate Secretary
George Fairchild, Chief Accounting Officer, Assistant Corporate Secretary
John Schanck, Independent Director
Pamela Gardner, Independent Director
Gary Packer, COO and Executive VP
John Ford, Regional Vice President
Lawrence Massaro, CFO and Executive VP

Newfield Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Newfield Exploration a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the Newfield Exploration information on this page should be used as a complementary analysis to other Newfield Exploration's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

Other Consideration for investing in Newfield Stock

If you are still planning to invest in Newfield Exploration check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Newfield Exploration's history and understand the potential risks before investing.
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities