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                                                                  EXHIBIT 10.7.2

                          NEWFIELD EXPLORATION COMPANY
                             2000 OMNIBUS STOCK PLAN

              (AS AMENDED AND RESTATED EFFECTIVE FEBRUARY 14, 2002)

                                  I.   PURPOSE

         The purpose of the NEWFIELD EXPLORATION COMPANY 2000 OMNIBUS STOCK PLAN
(the "Plan") is to provide a means through which NEWFIELD EXPLORATION COMPANY, a
Delaware corporation (the "Company"), and its subsidiaries may attract able
persons to enter the employ of the Company or its subsidiaries and to provide a
means whereby those individuals upon whom the responsibilities of the successful
administration and management of the Company and its subsidiaries rest, and
whose present and potential contributions to the welfare of the Company and its
subsidiaries are of importance, can acquire and maintain stock ownership,
thereby strengthening their concern for the welfare of the Company and its
subsidiaries. A further purpose of the Plan is to provide such individuals with
additional incentive and reward opportunities designed to enhance the profitable
growth of the Company and its subsidiaries. Accordingly, the Plan provides for
granting Incentive Stock Options, options that do not constitute Incentive Stock
Options, Restricted Stock Awards, or any combination of the foregoing, as is
best suited to the circumstances of the particular employee as provided herein.

                               II.   DEFINITIONS

         The following definitions shall be applicable throughout the Plan
unless specifically modified by any paragraph:

         (a)      "AWARD" means, individually or collectively, any Option or
Restricted Stock Award.

         (b)      "BOARD" means the Board of Directors of the Company.

         (c)      "CHANGE OF CONTROL" means the occurrence of any of the
following events: (i) the Company shall not be the surviving entity in any
merger, consolidation or other reorganization (or survives only as a subsidiary
of an entity), (ii) the Company sells, leases or exchanges all or substantially
all of its assets to any other person or entity, (iii) the Company is to be
dissolved and liquidated, (iv) any person or entity, including a "group" as
contemplated by Section 13(d)(3) of the Exchange Act, acquires or gains
ownership or control (including, without limitation, power to vote) of more than
50% of the outstanding shares of the Company's voting stock (based upon voting
power), or (v) as a result of or in connection with a contested election of
directors, the persons who were directors of the Company before such election
shall cease to constitute a majority of the Board. Notwithstanding the
foregoing, for purposes of Subparagraph IX(d), a "Change of Control" shall not
include any merger, consolidation, reorganization, sale, lease, exchange, or
similar transaction involving solely the Company and one or more entities that
were wholly-owned directly or indirectly by the Company immediately prior to
such event.

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         (d)      "CHANGE OF CONTROL VALUE" shall mean (i) the per share price
offered to stockholders of the Company in any merger, consolidation,
reorganization, sale of assets or dissolution transaction which constitutes a
Change of Control, (ii) the price per share offered to stockholders of the
Company in any tender offer or exchange offer whereby a Change of Control takes
place, or (iii) if a Change of Control occurs other than pursuant to a tender or
exchange offer, the fair market value per share of the shares into which Awards
are exercisable, as determined by the Committee. In the event that the
consideration offered to stockholders of the Company in any Change of Control
transaction consists of anything other than cash, the Committee shall determine
the fair cash equivalent of the portion of the consideration offered which is
other than cash.

         (e)      "CODE" means the Internal Revenue Code of 1986, as amended.
Reference in the Plan to any section of the Code shall be deemed to include any
amendments or successor provisions to such section and any regulations under
such section.

         (f)      "COMMITTEE" means the Compensation Committee of the Board
which shall be comprised solely of two or more outside directors (within the
meaning of the term "outside directors" as used in section 162(m) of the Code
and applicable interpretive authority thereunder and within the meaning of
"Non-Employee Director" as defined in Rule 16b-3).

         (g)      "COMMON STOCK" means the common stock, par value $.01 per
share, of the Company, or any security into which such Common Stock may be
changed by reason of any transaction or event of the type described in Paragraph
IX.

         (h)      "COMPANY" means Newfield Exploration Company, a Delaware
corporation.

         (i)      An "EMPLOYEE" means any person (including an officer or a
director) in an employment relationship with the Company or any parent or
subsidiary corporation (as defined in section 424 of the Code).

         (j)      "EXCHANGE ACT" means the Securities Exchange Act of 1934, as
amended.

         (k)      "FAIR MARKET VALUE" means, as of any specified date, the mean
of the high and low sales prices of the Common Stock (i) reported by the
National Market System of NASDAQ on that date or (ii) if the Common Stock is
listed on a national stock exchange, reported on the stock exchange composite
tape on that date (or such other reporting service approved by the Committee);
or, in either case, if no prices are reported on that date, on the last
preceding date on which such prices of the Common Stock are so reported. If the
Common Stock is traded over the counter at the time a determination of its fair
market value is required to be made hereunder, its fair market value shall be
deemed to be equal to the average between the reported high and low or closing
bid and asked prices of Common Stock on the most recent date on which Common
Stock was publicly traded. In the event Common Stock is not publicly traded at
the time a determination of its value is required to be made hereunder, the
determination of its fair market value shall be made by the Committee in such
manner as it deems appropriate.

         (l)      "HOLDER" means an employee who has been granted an Award.

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         (m)      "INCENTIVE STOCK OPTION" means an incentive stock option
within the meaning of section 422 of the Code.

         (n)      "OPTION" means an Award granted under Paragraph VII of the
Plan and includes both Incentive Stock Options to purchase Common Stock and
Options that do not constitute Incentive Stock Options to purchase Common Stock.

         (o)      "OPTION AGREEMENT" means a written agreement between the
Company and a Holder with respect to an Option.

         (p)      "PLAN" means the Newfield Exploration Company 2000 Omnibus
Stock Plan, as hereby amended and restated and as the same may be hereafter
amended from time to time.

         (q)      "RESTATEMENT EFFECTIVE DATE" means February 14, 2002, the date
this amendment and restatement of the Plan was adopted by the Board.

         (r)      "RESTRICTED STOCK AGREEMENT" means a written agreement between
the Company and a Holder with respect to a Restricted Stock Award.

         (s)      "RESTRICTED STOCK AWARD" means an Award granted under
Paragraph VIII of the Plan.

         (t)      "RULE 16b-3" means Securities and Exchange Commission Rule
16b-3 promulgated under the Exchange Act, as such may be amended from time to
time, and any successor rule, regulation or statute fulfilling the same or a
similar function.

                 III.   EFFECTIVE DATE AND DURATION OF THE PLAN

         This amendment and restatement of the Plan is effective as of the
Restatement Effective Date; provided, however, that if this amendment and
restatement of the Plan is not approved by the stockholders of the Company
within twelve months after the Restatement Effective Date, then this amendment
and restatement shall be void ab initio, and the Plan shall continue in effect
as if this amendment and restatement had not occurred. Notwithstanding any
provision in the Plan or in any Option Agreement or in any Restricted Stock
Agreement, no Option granted on or after the Restatement Effective Date shall be
exercisable, and no Restricted Stock Award granted on or after the Restatement
Effective Date shall vest, prior to such stockholder approval, except for Awards
made with respect to shares of Common Stock authorized to be issued under the
Plan prior to the Restatement Effective Date. If this amendment and restatement
is approved by the stockholders of the Company as provided above, no further
Awards may be granted under the Plan after the expiration of ten years from the
Restatement Effective Date. The Plan shall remain in effect until all Options
granted under the Plan have been satisfied or expired, and all Restricted Stock
Awards granted under the Plan have vested or been forfeited.

         Awards granted prior to the Restatement Effective Date shall continue
to be governed by the terms of the Plan as in effect prior to such date, and
nothing in this amendment and restatement of the Plan shall operate to modify or
affect in any way any such Award, including, without limitation, any such Award
that constitutes an Incentive Stock Option.

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                              IV.   ADMINISTRATION

         (a)      COMMITTEE ADMINISTRATION. The Plan shall be administered by
the Committee.

         (b)      POWERS. Subject to the express provisions of the Plan, the
Committee shall have authority, in its discretion, to determine which employees
shall receive an Award, the time or times when such Award shall be made, whether
an Incentive Stock Option, nonqualified Option or Restricted Stock Award shall
be granted, and the number of shares to be subject to each Option or Restricted
Stock Award. In making such determinations, the Committee shall take into
account the nature of the services rendered by the respective employees, their
present and potential contribution to the Company's success and such other
factors as the Committee in its discretion shall deem relevant.

         (c)      ADDITIONAL POWERS. The Committee shall have such additional
powers as are delegated to it by the other provisions of the Plan. Subject to
the express provisions of the Plan, this shall include the power to construe the
Plan and the respective agreements executed hereunder, to prescribe rules and
regulations relating to the Plan, and to determine the terms, restrictions and
provisions of the agreement relating to each Award, including such terms,
restrictions and provisions as shall be requisite in the judgment of the
Committee to cause designated Options to qualify as Incentive Stock Options, and
to make all other determinations necessary or advisable for administering the
Plan. The Committee may correct any defect or supply any omission or reconcile
any inconsistency in the Plan or in any agreement relating to an Award in the
manner and to the extent it shall deem expedient to carry it into effect. The
determinations of the Committee on the matters referred to in this Paragraph IV
shall be conclusive.

               V.   SHARES SUBJECT TO THE PLAN; GRANT OF OPTIONS;
                        GRANT OF RESTRICTED STOCK AWARDS

         (a)      SHARES SUBJECT TO THE PLAN AND AWARD LIMITS. Subject to
adjustment from time to time in accordance with the terms of the Plan, the
aggregate number of shares of Common Stock that may be issued under the Plan
shall not exceed 4,000,000 shares. Shares shall be deemed to have been issued
under the Plan only to the extent actually issued and delivered pursuant to an
Award. To the extent that an Award lapses or the rights of its Holder terminate,
any shares of Common Stock subject to such Award shall again be available for
the grant of an Award under the Plan. Notwithstanding any provision in the Plan
to the contrary, the maximum number of shares of Common Stock that may be
subject to Awards granted to any one individual during any calendar year is
100,000 shares of Common Stock, of which no more than 50,000 shares of Common
Stock may be subject to Restricted Stock Awards (as adjusted from time to time
in accordance with the terms of the Plan). The limitation set forth in the
preceding sentence shall be applied in a manner that will permit compensation
generated under the Plan that is intended to constitute "performance-based"
compensation for purposes of section 162(m) of the Code to qualify as such,
including, without limitation, counting against such maximum number of shares,
to the extent required under section 162(m) of the Code and applicable
interpretive authority thereunder, any shares subject to Options that are
canceled or repriced or shares subject to Restricted Stock Awards that are
forfeited. Further, notwithstanding any provision of the Plan to the contrary,
the maximum number of shares of Common Stock that may be granted as

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Restricted Stock Awards under Paragraph VIII during the term of the Plan is
400,000 shares of Common Stock (as adjusted from time to time in accordance with
the terms of the Plan).

         (b)      GRANT OF OPTIONS. The Committee may from time to time grant
Options to one or more employees determined by it to be eligible for
participation in the Plan in accordance with the terms of the Plan.

         (c)      GRANT OF RESTRICTED STOCK AWARDS. The Committee may from time
to time grant Restricted Stock Awards to one or more employees determined by it
to be eligible for participation in the Plan in accordance with the terms of the
Plan.

         (d)      STOCK OFFERED. Subject to the limitations set forth in
Paragraph V(a), the stock to be offered pursuant to the grant of an Award may be
authorized but unissued Common Stock or Common Stock previously issued and
outstanding and reacquired by the Company. Any of such shares which remain
unissued and which are not subject to outstanding Awards at the termination of
the Plan shall cease to be subject to the Plan but, until termination of the
Plan, the Company shall at all times make available a sufficient number of
shares to meet the requirements of the Plan.

                               VI.   ELIGIBILITY

         Awards may be granted only to persons who, at the time of grant, are
employees. An Award may be granted on more than one occasion to the same person,
and, subject to the limitations set forth in the Plan, such Award may include an
Incentive Stock Option, an Option that is not an Incentive Stock Option, a
Restricted Stock Award, or any combination thereof.

                              VII.   STOCK OPTIONS

         (a)      OPTION PERIOD. The term of each Option shall be as specified
by the Committee at the date of grant, but in no event shall an Option be
exercisable after the expiration of ten years from the date of grant.

         (b)      LIMITATIONS ON EXERCISE OF OPTION. An Option shall be
exercisable in whole or in such installments and at such times as determined by
the Committee.

         (c)      SPECIAL LIMITATIONS ON INCENTIVE STOCK OPTIONS. To the extent
that the aggregate Fair Market Value (determined at the time the respective
Incentive Stock Option is granted) of Common Stock with respect to which
Incentive Stock Options are exercisable for the first time by an individual
during any calendar year under all incentive stock option plans of the Company
and its parent and subsidiary corporations exceeds $100,000, such Incentive
Stock Options shall be treated as Options which do not constitute Incentive
Stock Options. The Committee shall determine, in accordance with applicable
provisions of the Code, Treasury Regulations and other administrative
pronouncements, which of a Holder's Incentive Stock Options will not constitute
Incentive Stock Options because of such limitation and shall notify the Holder
of such determination as soon as practicable after such determination. No
Incentive Stock Option shall be granted to an individual if, at the time the
Option is granted, such individual owns stock possessing more than 10% of the
total combined voting power of all classes of stock of the Company or of its
parent or subsidiary corporation, within the meaning of

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section 422(b)(6) of the Code, unless (i) at the time such Option is granted the
option price is at least 110% of the Fair Market Value of the Common Stock
subject to the Option and (ii) such Option by its terms is not exercisable after
the expiration of five years from the date of grant. An Incentive Stock Option
shall not be transferable otherwise than by will or the laws of descent and
distribution, and shall be exercisable during the Holder's lifetime only by such
Holder or the Holder's guardian or legal representative.

         (d)      OPTION AGREEMENT. Each Option shall be evidenced by an Option
Agreement in such form and containing such provisions not inconsistent with the
provisions of the Plan as the Committee from time to time shall approve,
including, without limitation, provisions to qualify an Incentive Stock Option
under section 422 of the Code. Each Option Agreement shall specify the effect of
termination of employment on the exercisability of the Option. An Option
Agreement may provide for the payment of the option price, in whole or in part,
by the constructive delivery of a number of shares of Common Stock (plus cash if
necessary) having a Fair Market Value equal to such option price. Moreover, an
Option Agreement may provide for a "cashless exercise" of the Option by
establishing procedures satisfactory to the Committee with respect thereto. The
terms and conditions of the respective Option Agreements need not be identical.
Subject to the consent of the Holder, the Committee may, in its sole discretion,
amend an outstanding Option Agreement from time to time in any manner that is
not inconsistent with the provisions of the Plan (including, without limitation,
an amendment that accelerates the time at which the Option, or a portion
thereof, may be exercisable).

         (e)      OPTION PRICE AND PAYMENT. The price at which a share of Common
Stock may be purchased upon exercise of an Option shall be determined by the
Committee but, subject to adjustment as provided in Paragraph IX, such purchase
price shall not be less than the Fair Market Value of a share of Common Stock on
the date such Option is granted. The Option or portion thereof may be exercised
by delivery of an irrevocable notice of exercise to the Company, as specified by
the Committee. The purchase price of the Option or portion thereof shall be paid
in full in the manner prescribed by the Committee. Separate stock certificates
shall be issued by the Company for those shares acquired pursuant to the
exercise of an Incentive Stock Option and for those shares acquired pursuant to
the exercise of any Option that does not constitute an Incentive Stock Option.

         (f)      RESTRICTIONS ON REPRICING OPTIONS. Except as provided in
Paragraph IX, the Committee may not, without approval of the stockholders of the
Company, amend any outstanding Option Agreement to lower the option price (or
cancel and replace any outstanding Option Agreement with Option Agreements
having a lower price).

         (g)      STOCKHOLDER RIGHTS AND PRIVILEGES. The Holder shall be
entitled to all the privileges and rights of a stockholder only with respect to
such shares of Common Stock as have been purchased under the Option and for
which certificates of stock have been registered in the Holder's name.

         (h)      OPTIONS AND RIGHTS IN SUBSTITUTION FOR STOCK OPTIONS GRANTED
BY OTHER CORPORATIONS. Options may be granted under the Plan from time to time
in substitution for stock options held by individuals employed by corporations
or other entities who become

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employees as a result of a merger or consolidation or other business transaction
with the Company or any subsidiary.

                        VIII.   RESTRICTED STOCK AWARDS

         (a)      FORFEITURE RESTRICTIONS TO BE ESTABLISHED BY THE COMMITTEE.
Shares of Common Stock that are the subject of a Restricted Stock Award shall be
subject to restrictions on disposition by the Holder and an obligation of the
Holder to forfeit and surrender the shares to the Company under certain
circumstances (the "Forfeiture Restrictions"). The Forfeiture Restrictions shall
be determined by the Committee in its sole discretion, and the Committee may
provide that the Forfeiture Restrictions shall lapse upon (i) the attainment of
one or more performance targets established by the Committee that are based on
the price of a share of Common Stock, the Company's earnings per share, the
Company's market share, the market share of a business unit of the Company
designated by the Committee, the Company's sales, the sales of a business unit
of the Company designated by the Committee, the net income (before or after
taxes) of the Company or any business unit of the Company designated by the
Committee, the cash flow return on investment of the Company or any business
unit of the Company designated by the Committee, the earnings before or after
interest, taxes, depreciation, and/or amortization of the Company or any
business unit of the Company designated by the Committee, the economic value
added, the return on stockholders' equity achieved by the Company, reserve
additions or revisions, economic value added from reserves, total
capitalization, total stockholder return, assets, exploration successes,
production volumes, finding and development costs, cost reductions and savings,
return on sales, or profit margins, (ii) the Holder's continued employment as an
employee for a specified period of time, (iii) the occurrence of any event or
the satisfaction of any other condition specified by the Committee in its sole
discretion, or (iv) a combination of any of the foregoing. The performance
measures described in clause (i) of the preceding sentence may be subject to
adjustment for specified significant extraordinary items or events; provided,
however, that with respect to a Restricted Stock Award that has been granted to
a "covered employee" (within the meaning of Treasury Regulation section
1.162-27(c)(2)) that has been designed to meet the exception for
performance-based compensation under section 162(m) of the Code, such
performance measures may only be subject to adjustment to the extent that such
adjustment would not cause such Award to cease to be performance-based under
applicable Treasury Regulations. In addition, such performance measures may be
absolute, relative to one or more other companies, or relative to one or more
indexes, and may be contingent upon future performance of the Company or any
subsidiary, division, or department thereof. Each Restricted Stock Award may
have different Forfeiture Restrictions, in the discretion of the Committee.

         (b)      OTHER TERMS AND CONDITIONS. Common Stock awarded pursuant to a
Restricted Stock Award shall be represented by a stock certificate registered in
the name of the Holder of such Restricted Stock Award. Unless provided otherwise
in a Restricted Stock Agreement, the Holder shall have the right to receive
dividends with respect to Common Stock subject to a Restricted Stock Award, to
vote Common Stock subject thereto and to enjoy all other stockholder rights,
except that (i) the Holder shall not be entitled to delivery of the stock
certificate until the Forfeiture Restrictions have expired, (ii) the Company
shall retain custody of the stock until the Forfeiture Restrictions

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have expired, (iii) the Holder may not sell, transfer, pledge, exchange,
hypothecate or otherwise dispose of the stock until the Forfeiture Restrictions
have expired, and (iv) a breach of the terms and conditions established by the
Committee pursuant to the Restricted Stock Agreement shall cause a forfeiture of
the Restricted Stock Award. At the time of such Award, the Committee may, in its
sole discretion, prescribe additional terms, conditions or restrictions relating
to Restricted Stock Awards, including, but not limited to, rules pertaining to
the termination of employment (by retirement, disability, death or otherwise) of
a Holder prior to expiration of the Forfeitures Restrictions. Such additional
terms, conditions or restrictions shall be set forth in a Restricted Stock
Agreement made in conjunction with the Award.

         (c)     PAYMENT FOR RESTRICTED STOCK. The Committee shall determine the
amount and form of any payment for Common Stock received pursuant to a
Restricted Stock Award, provided that in the absence of such a determination, a
Holder shall not be required to make any payment for Common Stock received
pursuant to a Restricted Stock Award, except to the extent otherwise required by
law.

         (d)      COMMITTEE'S DISCRETION TO ACCELERATE VESTING OF RESTRICTED
STOCK AWARDS. The Committee may, in its discretion and as of a date determined
by the Committee, fully vest any or all Common Stock awarded to a Holder
pursuant to a Restricted Stock Award and, upon such vesting, all restrictions
applicable to such Restricted Stock Award shall terminate as of such date. Any
action by the Committee pursuant to this Subparagraph may vary among individual
Holders and may vary among the Restricted Stock Awards held by any individual
Holder. Notwithstanding the preceding provisions of this Subparagraph, the
Committee may not take any action described in this Subparagraph with respect to
a Restricted Stock Award that has been granted to a covered employee (as defined
in Paragraph VIII(a)) if such Award has been designed to meet the exception for
performance-based compensation under section 162(m) of the Code (unless such
action would not cause such Award to cease to be performance-based under
applicable Treasury Regulations).

         (e)      RESTRICTED STOCK AGREEMENTS. At the time any Award is made
under this Paragraph VIII, the Company and the Holder shall enter into a
Restricted Stock Agreement setting forth each of the matters contemplated hereby
and such other matters as the Committee may determine to be appropriate. The
terms and provisions of the respective Restricted Stock Agreements need not be
identical. Subject to the consent of the Holder and the restriction set forth in
the last sentence of Subparagraph (d) above, the Committee may, in its sole
discretion, amend an outstanding Restricted Stock Agreement from time to time in
any manner that is not inconsistent with the provisions of the Plan.

                    IX.   RECAPITALIZATION OR REORGANIZATION

         (a)      NO EFFECT ON RIGHT OR POWER. The existence of the Plan and the
Awards granted hereunder shall not affect in any way the right or power of the
Board or the stockholders of the Company to make or authorize any adjustment,
recapitalization, reorganization or other change in the Company's or any
subsidiary's capital structure or its business, any merger or consolidation of
the Company or any subsidiary, any issue of debt or equity securities ahead of
or affecting Common Stock or the rights thereof, the dissolution or liquidation
of the Company or any subsidiary or any sale, lease, exchange or other
disposition of all or any part of its assets or business or any other corporate
act or proceeding.

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         (b)      SUBDIVISION OR CONSOLIDATION OF SHARES; STOCK DIVIDENDS. The
shares with respect to which Options may be granted are shares of Common Stock
as presently constituted, but if, and whenever, prior to the expiration of an
Option theretofore granted, the Company shall effect a subdivision or
consolidation of shares of Common Stock or the payment of a stock dividend on
Common Stock without receipt of consideration by the Company, the number of
shares of Common Stock with respect to which such Option may thereafter be
exercised (i) in the event of an increase in the number of outstanding shares
shall be proportionately increased, and the purchase price per share shall be
proportionately reduced, and (ii) in the event of a reduction in the number of
outstanding shares shall be proportionately reduced, and the purchase price per
share shall be proportionately increased. Any fractional share resulting from
such adjustment shall be rounded up to the next whole share.

         (c)      RECAPITALIZATIONS. If the Company recapitalizes, reclassifies
its capital stock, or otherwise changes its capital structure (a
"recapitalization"), the number and class of shares of Common Stock covered by
an Option theretofore granted shall be adjusted so that such Option shall
thereafter cover the number and class of shares of stock and securities to which
the Holder would have been entitled pursuant to the terms of the
recapitalization if, immediately prior to the recapitalization, the Holder had
been the holder of record of the number of shares of Common Stock then covered
by such Option.

         (d)      CHANGE OF CONTROL; RESTRICTED STOCK AWARDS. Notwithstanding
any provision herein to the contrary, in the event of a Change of Control, any
and all Restricted Stock Awards outstanding on the date of such Change of
Control automatically shall be fully vested and nonforfeitable.

         (e)      CHANGE OF CONTROL; OPTIONS. In the event of a Change of
Control, the Committee, acting in its sole discretion without the consent or
approval of any Holder, shall, no later than ten days after the approval by the
stockholders of the Company of a Change of Control (other than of the type
described in clause (iv) of Paragraph II(c)) or no later than thirty days after
a Change of Control of the type described in clause (iv) of Paragraph II(c),
effect one or more of the following alternatives with respect to outstanding
Options, which alternatives may vary among individual Holders and which may vary
among Options held by any individual Holder: (1) accelerate the time at which
Options then outstanding may be exercised so that such Options may be exercised
in full for a limited period of time on or before a specified date (before or
after such Change of Control) fixed by the Committee, after which specified date
all unexercised Options and all rights of Holders thereunder shall terminate,
(2) require the mandatory surrender to the Company by selected Holders of some
or all of the outstanding Options held by such Holders (irrespective of whether
such Options are then exercisable under the provisions of the Plan) as of a
date, before or after such Change of Control, specified by the Committee, in
which event the Committee shall thereupon cancel such Options and cause the
Company to pay to each Holder an amount of cash per share equal to the excess,
if any, of the Change of Control Value of the shares subject to such Option over
the exercise price(s) under such Options for such shares, (3) make such
adjustments to Options then outstanding as the Committee deems appropriate to
reflect such Change of Control (provided, however, that the Committee may
determine in its sole discretion that no adjustment is necessary to Options then
outstanding), or (4) provide that the number and class of shares of Common Stock
covered by an Option theretofore granted shall be adjusted so that such Option
shall thereafter cover the

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number and class of shares of stock or other securities or property (including,
without limitation, cash) to which the Holder would have been entitled pursuant
to the terms of the agreement of merger, consolidation or sale of assets and
dissolution if, immediately prior to such merger, consolidation or sale of
assets and dissolution, the Holder had been the holder of record of the number
of shares of Common Stock then covered by such Option. The provisions of
Subparagraphs IX(d) and IX(e) shall not terminate any rights of the Holder to
further payments pursuant to any other agreement with the Company following a
Change of Control.

         (f)      OTHER CHANGES IN THE COMMON STOCK. In the event of changes in
the outstanding Common Stock by reason of recapitalizations, reorganizations,
mergers, consolidations, combinations, split-ups, split-offs, spin-offs,
exchanges or other relevant changes in capitalization or distributions to the
holders of Common Stock occurring after the date of the grant of any Award and
not otherwise provided for by this Paragraph IX, such Award and any agreement
evidencing such Award shall be subject to adjustment by the Committee at its
discretion as to the number and price of shares of Common Stock or other
consideration subject to such Award. In the event of any such change in the
outstanding Common Stock or distribution to the holders of Common Stock, or upon
the occurrence of any other event described in this Paragraph IX or a Change of
Control, the aggregate number of shares available under the Plan and the maximum
number of shares that may be subject to Awards granted to any one individual
shall be appropriately adjusted to the extent, if any, determined by the
Committee, whose determination shall be conclusive.

         (g)      STOCKHOLDER ACTION. Any adjustment provided for in the above
Subparagraphs shall be subject to any required stockholder action.

         (h)      NO ADJUSTMENTS UNLESS OTHERWISE PROVIDED. Except as
hereinbefore expressly provided, the issuance by the Company of shares of stock
of any class or securities convertible into shares of stock of any class, for
cash, property, labor or services, upon direct sale, upon the exercise of rights
or warrants to subscribe therefor, or upon conversion of shares or obligations
of the Company convertible into such shares or other securities, and in any case
whether or not for fair value, shall not affect, and no adjustment by reason
thereof shall be made with respect to, the number of shares of Common Stock
subject to Awards theretofore granted or the purchase price per share, if
applicable.

                   X.   AMENDMENT AND TERMINATION OF THE PLAN

         The Board in its discretion may terminate the Plan at any time with
respect to any shares of Common Stock for which Awards have not theretofore been
granted. The Board shall have the right to alter or amend the Plan or any part
thereof from time to time; provided that no change in the Plan may be made which
would impair the rights of the Holder with respect to an Award theretofore
granted without the consent of the Holder, and provided, further, that the Board
may not, without approval of the stockholders of the Company, amend the Plan to
(a) increase the maximum aggregate number of shares that may be issued under the
Plan, (b) change the class of individuals eligible to receive Awards under the
Plan, (c) change or delete Paragraph VII(f), (d) increase the maximum number of
shares of Common Stock that may be subject to Awards granted to any one
individual during any calendar year, (e) increase the maximum number of shares
of Common Stock that may be granted as Restricted Stock Awards, (f) permit

                                       10
<PAGE>
the award of shares of Common Stock other than in the form of a Restricted Stock
Award, (g) provide for additional types of awards, (h) permit the price at which
a share of Common Stock may be purchased upon exercise of an Option to be less
than the Fair Market Value of a share of Common Stock on the date such Option is
granted or (i) alter or otherwise change any provision of this Paragraph X.

                              XI.   MISCELLANEOUS

         (a)      NO RIGHT TO AN AWARD. Neither the adoption of the Plan nor any
action of the Board or of the Committee shall be deemed to give an employee any
right to be granted an Option, a right to a Restricted Stock Award, or any other
rights hereunder except as may be evidenced by an Option Agreement or a
Restricted Stock Agreement duly executed on behalf of the Company, and then only
to the extent and on the terms and conditions expressly set forth therein. The
Plan shall be unfunded. The Company shall not be required to establish any
special or separate fund or to make any other segregation of funds or assets to
assure the performance of its obligations under any Award.

         (b)      NO EMPLOYMENT RIGHTS CONFERRED; EMPLOYMENT RELATIONSHIP.
Nothing contained in the Plan shall (i) confer upon any employee any right with
respect to continuation of employment with the Company or any subsidiary or (ii)
interfere in any way with the right of the Company or any subsidiary to
terminate his or her employment at any time. An employee shall be considered to
have terminated employment for purposes of the Plan if such employee's employer
ceases to be a parent or subsidiary corporation of the Company (as defined in
section 424 of the Code).

         (c)      OTHER LAWS; WITHHOLDING. The Company shall not be obligated to
issue any Common Stock pursuant to any Award granted under the Plan at any time
when the shares covered by such Award have not been registered under the
Securities Act of 1933, as amended, and such other state and federal laws, rules
and regulations as the Company or the Committee deems applicable and, in the
opinion of legal counsel for the Company, there is no exemption from the
registration requirements of such laws, rules and regulations available for the
issuance and sale of such shares. No fractional shares of Common Stock shall be
delivered, nor shall any cash in lieu of fractional shares be paid. The Company
shall have the right to deduct in connection with all Awards any taxes required
by law to be withheld and to require any payments required to enable it to
satisfy its withholding obligations.

         (d)      NO RESTRICTION ON CORPORATE ACTION. Nothing contained in the
Plan shall be construed to prevent the Company or any subsidiary from taking any
corporate action which is deemed by the Company or such subsidiary to be
appropriate or in its best interest, whether or not such action would have an
adverse effect on the Plan or any Award made under the Plan. No employee,
beneficiary or other person shall have any claim against the Company or any
subsidiary as a result of any such action.

         (e)      RESTRICTIONS ON TRANSFER. An Award (other than an Incentive
Stock Option, which shall be subject to the transfer restrictions set forth in
Paragraph VII(c)) shall not be transferable otherwise than (i) by will or the
laws of descent and distribution, (ii) pursuant to a qualified domestic
relations order as defined by the Code or Title I of the Employee Retirement
Income Security Act of 1974, as amended, or the rules thereunder, or (iii) with
the consent of the Committee.

         (f)      GOVERNING LAW. THE PLAN SHALL BE construed IN ACCORDANCE WITH
THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES
THEREOF.

                                       11<PAGE>
                                                                  EXHIBIT 10.9.2

                                    AMENDMENT
                                       TO
                                NEWFIELD EMPLOYEE
                        1993 INCENTIVE COMPENSATION PLAN

         THIS AMENDMENT (this "AMENDMENT") to the Newfield Employee 1993
Incentive Compensation Plan (the "PLAN") was adopted by the Board of Directors
of Newfield Exploration Company effective as of February 14, 2002. Terms used
and not defined in this Amendment shall have the meanings assigned to them in
the Plan.

         WHEREAS, Awards under the Plan for a particular Performance Period have
traditionally been made on or about the February 14 immediately subsequent to
the end of such Performance Period; and

         WHEREAS, because of the complex accounting rules and significant volume
of work associated with such matters as commodity derivatives and full cost
accounting, the financial information required to determine Adjusted Net Income
may not be final by the date that Awards are determined by the Committee;

         NOW, THEREFORE, in consideration of the foregoing, the Plan is hereby
amended as follows:

         1.       If the financial information for a particular Performance
Period is not final at the time that the Committee meets to determine the amount
available for Awards and to grant Awards to Eligible Employees with respect to
such Performance Period, the Committee may use the then best available estimates
of such financial information ("ESTIMATED FINANCIAL INFORMATION") to determine
the amount available for Awards and to grant Awards to Eligible Employees under
the Plan.

         2.       If for a particular Performance Period (a) the Committee used
Estimated Financial Information to determine the amount available for Awards
(the "GRANTED AMOUNT"), (b) such Estimated Financial Information is different
from the information as filed by the Company under the Exchange Act ("FINAL
FINANCIAL INFORMATION") and (c) such difference would change the determination
of the amount available for Awards under the Plan, then:

                  (i)      if the amount available for Awards based on Final
Financial Information (the "FINAL AMOUNT") is greater than the Granted Amount,
such difference shall (A) be granted as Incentive Compensation Awards (but not
as Deferred Incentive Compensation Awards) with respect to such Performance
Period (1) at the time that the Committee next grants Awards under the Plan and
(2) to persons who are Eligible Employees at the time of such grant and (B)
shall have no effect on the determination of Awards for any other Performance
Period; and

                  (ii)     if the Granted Amount is greater than the Final
Amount, such difference may, in the discretion of the Committee, be considered
as an extraordinary item for purposes of the determination of Adjusted Net
Income for one or more subsequent Performance Periods.

         3.       This Amendment shall be applicable to all Performance Periods
beginning on or after January 1, 2001.

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