For
the
last
three
months,
Newfield
recorded
net
income
of $135
million,
including
a
net
unrealized
gain
on
commodity
derivatives
of $83
million,
on
revenues
of
$628
million.
The
bottom
line
was
up
from
the
first
quarter's
$116
million
but
down
on
the
year
ago
period's
$239
million.
Total
production
of
76.4
billion
cubic
feet
of
equivalent
was
largely
level
with
the
first
quarter's
76
billion
and
up
from
69.8
billion
in
the
year-ago
period.
While
sales
revenues
were
largely
level
with
the
same
period
last
year,
operating
expenses
jumped
from
$421
million
to
$517
million.
The…
