<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NEWFIELD EXPLORATION COMPANY'S BALANCE SHEET AT JUNE 30, 1998 AND STATEMENT OF INCOME FOR THE SIX MONTHS ENDED JUNE 30, 1998, THAT ARE CONTAINED IN ITS FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1998. THE SCHEDULE IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 10,178 <SECURITIES> 0 <RECEIVABLES> 37,063 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 49,664 <PP&E> 922,376 <DEPRECIATION> 350,860 <TOTAL-ASSETS> 624,321 <CURRENT-LIABILITIES> 54,480 <BONDS> 191,636 <PREFERRED-MANDATORY> 164,607 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 139,923 <TOTAL-LIABILITY-AND-EQUITY> 624,321 <SALES> 99,884 <TOTAL-REVENUES> 99,884 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 73,801 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,877 <INCOME-PRETAX> 16,216 <INCOME-TAX> 5,732 <INCOME-CONTINUING> 10,484 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 10,484 <EPS-PRIMARY> 0.29 <EPS-DILUTED> 0.27