Link here.
Newfield is an oil and gas exploration company and has operations across North America and off-shore in deep water Gulf of Mexico. This discussion is limited to the Bakken (with a few general comments about the entire Rocky Mountain region). From the Rocky Mountain region, Newfield's production is nearly 25,000 boepd.
Newfield still has four (4) operated rigs in the Williston Basin. NFX has successfully assessed the Ctwalk, Aquarium and Watford areas and has now entered the development drilling phase.
Newfield states that long lateral have improved operating efficiencies in the Williston Basin: cost per foot for laterals has averaged about $1,250/foot on short laterals. The company estimates that the cost per foot can be dropped to about $900/foot for long laterals. Newfield's cost per well is about the same as we've seen for others: $5 million to $ million. Beginning in 2011, NFX expects to drill only long laterals. I did not see any comments on company's feelings about fracturing (type or number of stages).
Recently completed NFX wells, some previously reported.
17919, 2,360, Newfield, Clear Creek Federal 1-25H, Westberg,
17925, 2,293, Newfield, Wahus 1-12H, Westberg
18641, 2,519, Newfield, Megamouth 1-8H, northeast of Watford City,
17918, 2,922, Newfield, Clear Creek Federal 1-26H, Westberg
18741, 1,532, Newfield, Dahl 1-5H, northeast of Watford City
19026, 1,841, Newfield, Sawfish 1-1H, northeast of Watford City
18497, 2,114, Newfield, Ursus 1-20H, Lost Bear, Bakken
