- According to a recent conference call, Newfield is transferring their Bakken operations from Denver to Houston. The Denver office will handle their Utah wells
- Newfield recently drilled four wells in the west half of sections 2-11 150-99, apparently testing future well spacing plans. They also are staking infill wells in the Watford area
- Newfield sold their holdings northeast of Williston to Continental Resources so will be centering their efforts in the Watford, Westberg and Lost Bridge areas
- They have a fairly large 2012 budget for the Bakken
- They also have begun testing a new micro-seismic array in 150-98-99. This should be of additional help with infill wells and fracking plans
If you click on the Westberg link above, you will see why Newfield is excited about this area.
Bruce - Thank You for your Newfield comments.We had heard rumors that they were selling out.
ReplyDeleteWe are leased to them in Divide County No.of Grenora.They do not seem to proud of the wells they have drilled there so far.
As you know, Newfield had some issues with fracking costs. It's been my experience that great companies watch things a lot more closely when cash flow starts to become a problem.
DeleteRegardless, good luck. Hopefully it will be a great summer.