Newfield Exploration Company (NYSE:NFX) entered into an agreement with HollyFrontier Corporation (HFC) for the supply of crude oil at the latter’s refinery in Woods Cross, Utah. However, the financial terms of the transaction were not disclosed.
Per the deal, Newfield will deliver 20,000 barrels of crude oil every day at the facility for a period of 10 years, beginning in 2014. This happens to be the second deal signed by Newfield to capture about 40,000 barrels of oil for its projected oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards