For Investors Only: Update on Newfield

First, the July corporate presentation.  No significant changes; for snapshot of companies operating in the Bakken, click here.

And, second, for some great Sunday night reading, although it's getting a bit late on the East Coast: Newfield may be one of Bakken's top producers, update from Mike Filloon. Mike provides some interesting 30-second soundbites for what is working in the Bakken:

The 2012 results have been interesting. All of the wells have been good, but Newfield is doing more short laterals and getting very good results. The three wells completed with 23 or 24 stages are short laterals, while those completed with 30 or more stages are long. Newfield continues to be one of the Bakken leaders with the drill bit. It would seem costs will continue to be in the $10.5 to $11.5 million range, but hopefully the decrease in natural gas drilling in the United States will continue to free up the schedules of companies doing completions. If these costs can pull back some it would help significantly. Right now I believe the best completions are being done with an average choke (36/64), 35,000 barrels of water, and 2,000,000 pounds of proppant per mile. Some of these figures may be off some as I have focused on better areas in the Bakken and design may differ significantly in an area like western Williams County.