Fourteen new permits for the following companies: Whiting (4), KOG (3), Zavanna (2), Slawson, XTO, North Plains Energy, Oasis, and Burlington Resources.
Fields: Gaylord (2), South Fork (2), Murphy Creek, Elkhorn Ranch, Glass Bluff, Corinth, Elidah, Mandaree, Sand Creek and three wildcats.
These include two more Whiting wells in the South Heart area. They also include a 2-well multi-pad for KOG.
On track for 1,542 permits this calendar year.
Here is a Investopedia quote on on Newfield Exploration:
ReplyDeleteWilliston Basin
Newfield Exploration's other area for oil production is in the Williston Basin, where the company has 271,000 net acres. The company is currently producing 5,000 BOE per day from here, on the way to 6,500 BOE per day by the end of the year. Growth may accelerate in 2011 as the company moves to 9,000 foot laterals on Bakken wells here.
The link: http://stocks.investopedia.com/stock-analysis/2010/Newfield-Explorations-Oil-Investments-Payoff-NFX-BEXP-ROSE-ECA1026.aspx?partner=YahooSA
[sorry if in off-category; trying to find right one to post :) ]
Thank you for stopping by. Never worry if you think you might have wrong post to comment on. My site can be a bit confusing; too much information to keep track of. If it's really good or important, I will make it a stand-alone post later on when I have the time. Right now I am at school (substitute teaching) so I won't get back to this until later this evening.
ReplyDeleteHaving said that, Newfield is one of my favorites in the Bakken; I missed it initially so I don't hold any shares in it but it certainly looks like a good one.
Good luck and again, thank you for posting.
271,000 net acres in the Bakken is a nice bit of acreage; should do very, very well.
http://seekingalpha.com/article/232406-brigham-exploration-little-known-big-potential
ReplyDeleteFYI Here is another blog-article on BEXP.
Yes, I saw that. It will be a stand-along post.
ReplyDeleteThank you. A year or so ago, BEXP was scary -- cash flow problems -- and it has done very, very nicely.