Newfield (NFX): Another Operator in the Bakken With a Dedicated Frac Team

Link here.

I can't keep track of all the Bakken-companies that now have dedicated frac teams but that seems to be a growing requirement.

KOG announced this past week that it would have a dedicated frac team 14 days/month. KOG has 2 operated rigs; getting a third; and executing plans to have a fourth rig by the end of the year.

Now, NFX announces it will have a dedicated frac team; NFX has 5 operated rigs.

Oasis has a second dedicated frac team and expects to have a third by 2012.

BEXP should have two dedicated frac teams on board by now.

WLL has two dedicated frac teams, see 1Q11 earnings report. WLL estimates that each crew can frac 100 wells per year.

One can assume the larger Bakken-companies have their own dedicated frac teams or long-term contracts with independent companies to provide dedicated service.