Exploration & Production | Drilling / Well Results | Top Story | Quarterly / Earnings Reports | First Quarter (1Q) Update
Newfield Brings on Three Uinta, 16 Bakken Wells in 1Q; Plans More
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Newfield Exploration Co. has reported a first quarter update on its Uinta and Williston Basin operations.
Uinta BasinUinta Basin net production in the first quarter of 2014 averaged 24,900 BOEPD. The Company expects to grow its annual Uinta Basin production by about 5% over 2013 levels. Capital investments are focused on two areas -- the waterflood development of the Greater Monument Butte Unit (GMBU) and the assessment of high-potential, horizontal plays in the adjacent Central Basin.
Newfield plans to drill up to 15 SXLs in the Central Basin in 2014 to test the Wasatch and Uteland Butte plays. Three of the new wells are now producing and two operated rigs are currently running. The Company is encouraged with the early production data and has seen economic benefits through the drilling…
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