Newfield's Current Presentation

Newfield's current presentation.  This is a PDF download.

Conference call, click and listen to the 3Q10 earnings conference call.

From the presentation:

• Switching emphasis from natural gas to oil


• Eagle Ford Shale in Texas: wow this is a huge area -- the center of activity that I was aware of was south and southeast of San Antonio, but Newfield's Eagle Ford prospects are on the southwestern border of Texas; this is truly a huge area; other players -- Shell, Chesapeake
• Acreage acquired in Eagle Ford: about $725/acre


• Huge area in Southern Alberta Bakken (Lodgepole, Bakken, and Three Forks Sanish); Browning, MT, at the center of activity

With regard to investing, I missed getting into Newfield some months ago. But it still looks very, very enticing: Williston Basin, Utah, and Southern Alberta Bakken. I currently do not hold any shares in Newfield and have no plans to acquire any in the near future.