SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3 )*
NEWFIELD EXPLORATION COMPANY
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
651290108
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of __ Pages
<PAGE>
SCHEDULE 13G
- ------------------------ -------------------------------------
CUSIP No. 651290108 Page 2 of __ Pages
- ------------------------ -------------------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Investors, L.P.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
- -------------------------------------------------------------------------------
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
- -------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 3,934,939
- -------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
- -------------------------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,934,939
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,934,939
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.8%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
- --------------------------- -------------------------------
CUSIP No. 651290108 Page 3 of __ Pages
- --------------------------- -------------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E.M. Warburg, Pincus & Company, LLC
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
- -------------------------------------------------------------------------------
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
- -------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 3,934,939
- -------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
- -------------------------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,934,939
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,934,939
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.8%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
- ---------------------------- ---------------------------------
CUSIP No. 651290108 Page 4 of ___ Pages
- ---------------------------- ---------------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus & Co.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
- -------------------------------------------------------------------------------
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
- -------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 4,506,012(1)
- -------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
- -------------------------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 4,506,012(1)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,506,012(1)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.2%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
(1) Warburg, Pincus & Co. may be deemed to beneficially own 571,073 shares
included herein that are held by its asset management affiliate.
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1(a). NAME OF ISSUER:
Newfield Exploration Company
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
363 North Sam Houston Parkway East
Houston, Texas 77060
Items 2(a),
(b) and (c). NAME OF PERSON FILING; ADDRESS OF PRINCIPAL BUSINESS OFFICE;
CITIZENSHIP:
This statement is being filed by (a) Warburg, Pincus Investors,
L.P., a Delaware limited partnership ("WPI"); (b) E.M. Warburg, Pincus &
Company, LLC, a New York limited liability company ("EMW"), whose members are
substantially the same as the partners of Warburg, Pincus & Co.; and (c)
Warburg, Pincus & Co., a New York general partnership ("WP"). WP, as the sole
general partner of WPI, has a 20% interest in the profits of WPI. EMW has
entered into a management agreement with WPI for the management of all
investments made by it. Lionel I. Pincus is the managing partner of WP and the
managing member of EMW and may be deemed to control them. The business address
of each of the foregoing is 466 Lexington Avenue, New York, New York 10017.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
651290108
ITEM 3. Not Applicable
ITEM 4. OWNERSHIP:
(a) 3,934,939(1)
(b) 9.8%
(c) (i) 0
(ii) 3,934,939(1)
(iii) 0
(iv) 3,934,939(1)
- --------------------
(1) Does not include 571,073 shares which may be deemed to be beneficially
owned by Warburg, Pincus & Co. that are held by its asset management
affiliate.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
ITEM 10. CERTIFICATION:
Not Applicable
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
WARBURG, PINCUS INVESTORS, L.P.
By: Warburg, Pincus & Co.,
General Partner
By:/S/ STEPHEN DISTLER
------------------------------
Stephen Distler, Partner
E. M. WARBURG, PINCUS & COMPANY, LLC
By:/S/ STEPHEN DISTLER
-------------------------------
Stephen Distler, Member
WARBURG, PINCUS & CO.
By:/S/ STEPHEN DISTLER
-------------------------------
Stephen Distler, Partner
Dated: February 2, 1999
