Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
RATHERT TERRY W
 2. Issuer Name and Ticker or Trading Symbol
NEWFIELD EXPLORATION CO /DE/ [NFX] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. Vice Pres./Chief Fin. Off
(Last)
(First)
(Middle)

363 N. SAM HOUSTON PKWY. E., #2020		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2006
(Street)


HOUSTON, TX 77060		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
common stock 06/30/2006   G 2,462 D $ 0 59,716 I by Trust
common stock 08/20/2006   G 287 D $ 0 113,401 (1) D  
common stock 08/20/2006   G 287 A $ 0 60,003 I by Trust
common stock 11/21/2006   G 6,232 D $ 0 53,771 I by Trust
common stock 12/04/2006   G 1,836 D $ 0 51,935 I by Trust
common stock             113,640 (2) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee stock opt.- right to buy $ 7.97 (3)             (3) 09/01/2008 common stock
10,000 (3)
  10,000
D
 
Employee stock opt.- right to buy $ 14.91 (4)             (4) 02/10/2010 common stock
40,000 (4)
  40,000
D
 
Employee stock opt.- right to buy $ 19.02 (5)             (5) 02/09/2011 common stock
20,000 (5)
  20,000
D
 
Employee stock opt.- right to buy $ 16.87 (6)             (6) 02/07/2012 common stock
30,000 (6)
  30,000
D
 
Employee stock opt.- right to buy $ 17.84 (7)             (7) 11/26/2012 common stock
20,000 (7)
  20,000
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
RATHERT TERRY W
363 N. SAM HOUSTON PKWY. E., #2020
HOUSTON, TX 77060		       Sr. Vice Pres./Chief Fin. Off  

Signatures

______________________________________ Terry W. Rathert 02/05/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The total includes 287 shares acquired by the reporting person on June 30, 2006 under the Issuer's Employee Stock Purchase Plan.
(2) The total includes 239 shares acquired by the reporting person on December 31, 2006 under the Issuer's Employee Stock Purchase Plan.
(3) Part of grant to reporting person of 100,000 shares under the Issuer's 1998 Stock Option Plan. The options vested in five equal annual installments beginning 9/01/1999. This option was previously reported as covering 50,000 shares at an exercise price of $15.94 per share, but was adjusted to reflect the stock split on May 25, 2005.
(4) Grant to reporting person of 40,000 shares under the Issuer's 2000 Stock Option Plan. The options vest(ed) in five equal annual installments beginning 2/10/2001. This option was previously reported as covering 20,000 shares at an exercise price of $29.81 per share, but was adjusted to reflect the stock split on May 25, 2005.
(5) Grant to reporting person of 20,000 shares under the Issuer's 2000 Stock Option Plan. The options vest(ed) in five equal annual installments beginning 2/9/2002. This option was previously reported as covering 10,000 shares at an exercise price of $38.03 per share, but was adjusted to reflect the stock split on May 25, 2005.
(6) Grant to reporting person of 30,000 shares under the Issuer's 2000 Stock Option Plan. The options vest(ed) in five equal annual installments beginning 2/7/2003. This option was previously reported as covering 15,000 shares at an exercise price of $33.73 per share, but was adjusted to reflect the stock split on May 25, 2005.
(7) Grant to reporting person of 20,000 shares under the Issuer's 2000 Stock Option Plan. The options vest(ed) in five equal annual installments beginning 11/26/2003. This option was previously reported as covering 10,000 shares at an exercise price of $35.68 per share, but was adjusted to reflect the stock split on May 25, 2005.

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