Pages

Wednesday, February 22, 2012

Newfield Earnings -- 4Q11

Link here.

Proved reserves (a bit confusing the way it is presented):
At year-end 2011, Newfield’s proved reserves were 3.9 Tcfe and probable reserves were 2.6 Tcfe. This reflects growth of 5% and 4%, respectively, over the prior year. The Company’s proved oil reserves increased nearly 30% during 2011 while proved natural gas reserves declined by 6% as compared to year-end 2010.
If I read this correctly, the increase is not significant compared to others in the Bakken.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.