Monday, February 28, 2011

Investors: Newfield Update at SeekingAlpha

Link here.

Newfield operates around the world, but with respect to the Williston Basin:
Newfield has 271,000 net acres in the Williston Basin. 171,000 net acres are currently in active development while the remaining 100,000 are exploratory phase. Newfield has several areas of particular interest including 55,000 net acres in the Elm Coulee field, and several areas on or adjacent to the North Dakota Nesson anticline. Recent 9,000 ft laterals have had IP rates of 3417 to 3311 boepd.
Newfield wells reported so far this quarter (1Q11) from the Williston Basin:
  • 19179, 2,674, Newfield, Johnsrud 150-98-6-7-1H, Siverston, Bakken. 53K in first two months
  • 19112, DRL, Newfield, Charlotte 150-98-17-20-1H, Siverston, Bakken
  • 17918, 2,166, Newfield, Clear Creek Federal 1-26H, Bakken
  • 18497, 1,878, Newfield, Ursus 1-20H, Bakken
  • 18641, 1,856, Newfield, Megamouth 1-8H, Siverston, Bakken
  • 18741, 407, Newfield, Dahl 1-5H, Siverston, Bakken
  • 19026, 1,507, Newfield, Sawfish 1-1H, Poe, Bakken, 21K in first 60 days



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