Saturday, April 14, 2012

Update Regarding Newfield and the Bakken, North Dakota, USA

I've made a number of comments about Newfield which seems to be missing in action (very little being heard from Newfield). A reader provided an update, which is greatly appreciated:
  • According to a recent conference call, Newfield is transferring their Bakken operations from Denver to Houston. The Denver office will handle their Utah wells
  • Newfield recently drilled four wells in the west half of sections 2-11 150-99, apparently testing future well spacing plans. They also are staking infill wells in the Watford area
  • Newfield sold their holdings northeast of Williston to Continental Resources so will be centering their efforts in the Watford, Westberg and Lost Bridge areas
  • They have a fairly large 2012 budget for the Bakken
  • They also have begun testing a new micro-seismic array in 150-98-99. This should be of additional help with infill wells and fracking plans 
150-99 is in Tobacco Garden oil field, about 5 miles northwest of Watford City, near the bull's eye of the Bakken. 

If you click on the Westberg link above, you will see why Newfield is excited about this area.