UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
(Amendment No. 4)
NEWFIELD EXPLORATION COMPANY
----------------------------
(Name of Issuer)
Common Stock, $0.01 par value
-----------------------------
(Title of Class of Securities)
651290108
---------
(CUSIP Number)
November 26, 2002
-----------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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).
------------------------------ ------------------------------
CUSIP No. 651290108 13G Page 2 of 10 Pages
------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Ventures, 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
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,864,735
OWNED BY ------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,864,735
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,864,735
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.6%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------ ------------------------------
CUSIP No. 651290108 13G Page 3 of 10 Pages
------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Equity Partners, 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
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,700,000
OWNED BY ------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,700,000
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,700,000
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.1%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------ ------------------------------
CUSIP No. 651290108 13G Page 4 of 10 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
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 6,564,735
OWNED BY ------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
6,564,735
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,564,735
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.7%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------ ------------------------------
CUSIP No. 651290108 13G Page 5 of 10 Pages
------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg Pincus LLC (f/k/a E.M. Warburg, Pincus & Co., 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
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 6,564,735
OWNED BY ------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
6,564,735
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,564,735
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.7%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 6 of 10 Pages
This Amendment No. 4 to the statement on Schedule 13G, filed with respect
to the Common Stock (as defined below) of Newfield Exploration Company, a
Delaware corporation (the "Company"), is filed on behalf of Warburg, Pincus
Ventures, L.P., a Delaware limited partnership ("WPV"), Warburg, Pincus Equity
Partners, L.P., a Delaware limited partnership ("WPEP"), Warburg Pincus & Co., a
New York general partnership ("WP"), and Warburg Pincus LLC (f/k/a E.M. Warburg,
Pincus & Co., LLC), a New York limited liability company ("WP LLC") and
supercedes (i) the Schedule 13D filed by WPEP, WP and WP LLC on May 18, 1999, as
amended on May 30, 2002 and October 4, 2002, relating to the common stock, par
value $0.01 per share, of EEX Corporation, a Delaware corporation ("EEX"), and
(ii) the Schedule 13G filed by Warburg, Pincus Investors, L.P., a Delaware
limited partnership ("WPI"), WP and WP LLC on February 3, 1994, as amended on
January 7, 1997, February 5, 1997 and February 2, 1999 relating to the common
stock, par value $0.01 per share, of the Company. Unless the context otherwise
requires, references herein to the "Common Stock" are to the common stock of the
Company, par value $0.01 per share.
WPI no longer beneficially owns any Common Stock.
Pursuant to the Agreement and Plan of Merger, dated as of May 29, 2002 by
and among the Company, Newfield Operating Company and EEX, as of the Effective
Time (as defined therein), all of the Series B Cumulative Perpetual Preferred
Stock, no par value, of EEX beneficially owned by WPEP, WP and WP LLC was
converted into an aggregate of 4,700,000 shares of Common Stock.
Item 1(a): Name of Issuer:
---------- ---------------
The name of the issuer is Newfield Exploration Company (the "Company").
Item 1(b): Address of Issuer's Principal Executive Offices:
---------- ------------------------------------------------
The Company's principal executive office is located at 363 N. Sam Houston
Parkway E., Suite 2020, Houston, Texas, 77060.
Item 2(a): Name of Person Filing:
---------- ----------------------
This Amendment No. 4 to the Schedule 13G (this "Schedule 13G") with respect
to the Common Stock (as defined in Item 2(d) below) of the Company is filed by:
(i) Warburg, Pincus Ventures, L.P., a Delaware limited partnership
("WPV"), with respect to the shares of Common Stock it
directly owns;
(ii) Warburg, Pincus Equity Partners, L.P., a Delaware limited
partnership ("WPEP"), with respect to the shares of Common
Stock it and an affiliated entity directly own;
Page 7 of 10 Pages
(iii) Warburg Pincus & Co., a New York general partnership ("WP"),
with respect to its indirect beneficial ownership of the
shares of Common Stock owned by WPV and WPEP; and
(iv) Warburg Pincus LLC (f/k/a E.M. Warburg, Pincus & Co., LLC), a
New York limited liability company ("WP LLC"), with respect to
its indirect beneficial ownership of the shares of Common
Stock owned by WPV and WPEP.
WPV, WPEP, WP and WP LLC are hereinafter sometimes collectively referred to
as the "Reporting Persons." The sole general partner of WPV is WP. WP LLC
manages WPV. The sole general partner of WPEP is WP. WP LLC manages WPEP. The
members of WP LLC are substantially the same as the partners of WP. Any
disclosures herein with respect to persons other than the Reporting Persons are
made on information and belief after making inquiry to the appropriate party.
Item 2(b): Address of Principal Business Office or, if None,
---------- -------------------------------------------------
Residence:
----------
The address of the principal business office of the Reporting Persons is
466 Lexington Ave., New York, N.Y. 10017.
Item 2(c): Citizenship:
---------- ------------
WPV and WPEP are organized under the laws of the state of Delaware. WP and
WP LLC are organized under the laws of the state of New York.
Item 2(d): Title of Class of Securities:
---------- -----------------------------
Common Stock, $0.01 par value ("Common Stock")
Item 2(e): CUSIP Number:
---------- -------------
651290108
Item 3: If this statement is filed pursuant to Rules 13d-1(b) or
------- --------------------------------------------------------
13d-2(b) or (c), check whether the person filing is a:
------------------------------------------------------
(a) [ ] Broker or dealer registered under Section 15 of the Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act,
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940,
(e) [ ] Investment Adviser in accordance with Rule 13d-1
(b)(1)(ii)(E),
(f) [ ] Employee Benefit Plan or Endowment Fund in accordance with
13d-1 (b)(1)(ii)(F),
(g) [ ] Parent Holding Company or control person in accordance with
Rule 13d-1 (b)(1)(ii)(G),
Page 8 of 10 Pages
(h) [ ] Savings Association as defined in Section 3(b) of the Federal
Deposit Insurance Act,
(i) [ ] Church Plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940,
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4: Ownership:
------- ----------
A. Warburg, Pincus Ventures, L.P.
------------------------------
(a) Amount beneficially owned: 1,864,735
(b) Percent of class: 3.6% The percentages used herein and in the
rest of this Schedule 13G are calculated based upon 51,599,736
outstanding shares of Common Stock, which represents the sum of
(i) the 44,499,736 shares of Common Stock issued and outstanding
as of November 8, 2002, as reflected in the Company's Quarterly
Report on Form 10-Q for the quarter ended September 30, 2002 and
(ii) 7,100,000 shares of Common Stock issued pursuant to the
merger of Newfield Operating Company with and into EEX, as
reflected in the Company's Interim Report on Form 8-K dated
November 27, 2002.
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 1,864,735
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition:
1,864,735
B. Warburg, Pincus Equity Partners, L.P.
-------------------------------------
(a) Amount beneficially owned: 4,700,000*
(b) Percent of class: 9.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 4,700,000*
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition:
4,700,000*
*Includes 258,500 shares held by an affiliate of WPEP.
C. Warburg Pincus & Co.
--------------------
(a) Amount beneficially owned: 6,564,735
(b) Percent of class: 12.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 6,564,735
(iii) Sole power to dispose or direct the disposition: 0
Page 9 of 10 Pages
(iv) Shared power to dispose or direct the disposition:
6,564,735
D. Warburg Pincus LLC
------------------
(a) Amount beneficially owned: 6,564,735
(b) Percent of class: 12.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 6,564,735
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition:
6,564,735
Item 5: Ownership of Five Percent or Less of a Class:
------- ---------------------------------------------
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following: [ ]
Item 6: Ownership of More than Five Percent on Behalf of Another
------- --------------------------------------------------------
Person:
-------
Other than as set forth herein, no other person is known to have the right
to receive or the power to direct the receipt of dividends from, and proceeds
from the sale of, the securities reported in this Schedule 13G.
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.
Page 10 of 10 Pages
Item 10: Certification:
-------- --------------
Each Reporting Person hereby makes the following certification:
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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.
DATED: December 5, 2002
WARBURG, PINCUS VENTURES, L.P.
By: Warburg Pincus & Co., its general
partner
By: /s/Scott A. Arenare
----------------------------------------
Name: Scott A. Arenare
Title: Partner
WARBURG, PINCUS EQUITY PARTNERS, L.P.
By: Warburg Pincus & Co., its general
partner
By: /s/ Scott A. Arenare
----------------------------------------
Name: Scott A. Arenare
Title: Partner
WARBURG PINCUS & CO.
By: /s/ Scott A. Arenare
----------------------------------------
Name: Scott A. Arenare
Title: Partner
WARBURG PINCUS LLC
By: /s/ Scott A. Arenare
----------------------------------------
Name: Scott A. Arenare
Title: Managing Director