Monday, May 3, 2010

Weeks 16 and 17: April 20 - May 3, 2010

Newfield: I Completely Missed This One

Overview of Energy Picture in North Dakota

Making Hay While the Sun Shines: Natural gas plays.

New Oil Formation in North Dakota -- NOT!

MDU Misses Estimates: Disappointing

TFS May Have As Much Oil As The Bakken

Samson Oil and Gas

Madison Formation: Still #1 in Williston Basin

20,000 Wells in the Bakken?

Halliburton Fracking Crews Go 24/7 in the Bakken

Newfield Reports Some Good Wells

Fort Berthold Indian Reservation Update

Drilling Down in BEXP's Rough Rider Prospect

Commentary: April 24, 2010

Stalling on Completion?

Arrow Pipeline: KOG and XTO in the FBIR

Is the Bakken Over-Hyped?

New York Times: Housing Crisis in Williston

On Track for Record 1,241 Oil Permits in North Dakota in 2010

BEXP To Expand/Consolidate Operations in Williams County (Williston)

Newfield: I Completely Missed This One

1Q, 2010 conference call, May 3, 2010.
Mid-year, 2010, operational update. 
July 15, 2012: July, 2012, update.





NEWS
 
February 13, 2019: Encana completes acquisition of Newfield Exploration.

November 1, 2018: Encana to buy Newfield Exploration in all-stock deal worth $5.5 billion.

November 19, 2015: Newfield, STACK, SCOOP and comparison with the Bakken, Zeits

February 19, 2013:  4Q12 and full-year 2013 operating and financial results.

February 14, 2013: Company will spread $1.5 billion over four domestic plays (Eagle Ford [TX], Bakken [ND], Uinta [UT], Cana Woodford [OK]); $400 million internationally; "all" on liquid plays.

June 14, 2012: Elsewhere, Allen provides a nice update of Newfield's second Charlotte well.

May 30, 2012: CLR acquires significant number of Newfield wells/permits.

November 2, 2011: Newfield wrings its hands over high cost of fracking; says "we've" seen the last of $10 million Bakken wells

July 26, 2011: archived investing news on NFX up to this date.

January 14, 2011: Four nice wells reported in NDIC's daily activity report, this date:
  • 17918, 2,166, Newfield, Clear Creek Federal 1-26H, Bakken
  • 18497, 1,878, Newfield, Ursus 1-20H, Bakken
  • 18641, 1,856, Newfield, Megamouth 1-8H, Siverston, Bakken
  • 18741, 407, Newfield, Dahl 1-5H, Siverston, Bakken
October 20, 2010: Operational update.

August 13, 2010: Another nice Newfield well; IP, 2,955.

Original Post


I completely missed this one the past two years.

The Bakken is Newfield's second largest growth region; the company has 400,000 net acres in the Bakken. Newfield is also moving into the Eagle Ford (south Texas, an afternoon drive south of San Antonio, my current residence -- but I left my heart in the Bakken).

This may be one of the most exciting conference calls I've heard in awhile. The introduction was short on financials but long on prospects.

Very, very exciting.

Newfield was number 16 on the 2009 among top Bakken producers; it appears it has room to grow. Fidelity (MDU) was number 14, and I think MDU only has 56,000 net acres in the Bakken. I could be wrong on those numbers; did not verify.

Back to $100 Oil? And Other Stories Today.

Time.com has article on return to $100 oil.

Dunn County traffic.

Energy EXPO in  Bismarck: huge.

114!

Yup. Another record: 114 active rigs in North Dakota.

113!

I've had this blog for a couple of years now (I honestly don't remember when I started).  I probably post five times a day (new posts and update old posts), so literally thousands of postings, updates, etc.  But I have to admit the best idea came from one of my readers: linking folks who post on message boards elsewhere.

I call that Western Union (at the top of the blog site on the left). I only link those folks who consistently provide good information / observations. It really works well.

And I see "we" have a new record for active rigs in North Dakota today -- must have happened over the weekend: 113.

Price of oil today in question. One would have thought that with oil spill off coast and concern about shutdown of new rigs until this is sorted out could raise prices, but it turns out folks are worried that oil tankers from outside US will have trouble getting to ports/refineries in Louisiana, resulting in more oil sloshing around in tankers off-shore.