Data Suggests That Newfield Has Been Selling Bakken Acreage -- Bakken, North Dakota, USA

The information below is a "cut and paste" from my FAQ page. Note: the NFX October, 2011, presentation: ~ 140,000 net acres in the Bakken; clearly NFX had more acres than this in earlier presentations, certainly as much as 174,000 and maybe as much as 271,000 net acres. It appears that NFX has been selling Bakken acreage the past two years.


Newfield (NFX)

• October, 2011 presentation: ~ 140,000 net acres -- did NFX sell some Bakken acreage?
• Older presentations: 271,000 net acres in Williston Basin (ND and MT) 
• BEXP presentation says NFX has 174,000 net acres (significant decrease from earlier number) 
• Filloon: 174,000 net acres, July, 2011
• According to SeekingAlpha, May 3, 2011: 174,000 net acres (significant decrease)
• (Elm Coulee: Montana, southwest of Williston), 55k net acres
• Big Valley: north of Williston; Divide/Williams County border, 48k net acres
• Catwalk: east of Williston; middle of Williams County, 29k net acres
• Westberg Prospect Area: Nesson Anticline, McKenzie Cty on Mountrail border, 10k net acres
• Lost Bear: Northwest Dunn County. 7k net acres
• Aquarium/Watford: McKenzie County, near Watford City, 22k net acres
• Exploratory: 100,000 net acres (all in the Williston Basin)
• Filloon: Newfield has some of the best IPs in the Bakken