Natural Resources >> CEO Interviews >> March 5, 1999

Joe B. Foster – Newfield Exploration Company (nfx)

JOE B. FOSTER is Chairman, President, and Chief Executive Officer of Newfield Exploration Company, headquartered in Houston. Previously, Mr. Foster was Chairman of Tenneco Oil Company and Executive Vice President and director of its parent, Tenneco Inc. He was with Tenneco for 31 years and also served as Chairman of the Tenneco Gas Pipeline Group. Mr. Foster was born in Arp, Texas and attended Texas A&M University. He graduated in 1957 with a Bachelor of Science degree in petroleum engineering and a Bachelor of Business Administration degree in General Business. In May, 1997, he was named a Distinguished Alumnus of Texas A&M University. Mr. Foster currently serves as Chairman of the National Petroleum Council, an industry advisory body to the U.S. Secretary of Energy, and in 1995-1996 served as Chairman of the Offshore Committee of the Independent Petroleum Association of America. He is a Director of Memorial Hermann Hospital System and has served as Chairman of the Houston Museum of Natural Science, the Greater Houston YMCA, and the Texas A&M Development Foundation. He also serves on the Boards of Baker Hughes Incorporated and New Jersey Resources Corporation. Profile
TWST: Can you give us a brief overview, and a little bit of the history

of the company, just to kind of set the stage for the readers?

Mr. Foster: Newfield was founded in 1989 by myself and