Exploration & Production | Top Story
Newfield Finds New Oil Play; Big Wells
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In its third quarter update, Newfield identified a "new" oil resource play called STACK. According to Newfield, STACK combines the meramec and the woodford shales. It is 275' to 475 ' thick. Newfield has more than 225,000 net acres in the Anadarko Basin.
Initial economics shows EUR range 800-1000 MBOE/well, with 70% liquids content and a greater than 35% Rate of Return assuming $90 oil and $3.50 gas. The initial EUR was derived from a seven well program (see below) using 9000 foot laterals.
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Newfield's position in the new playEnlarge Image
Source : Newfield Exploration Investor Presentation, ShaleExperts
Initial Well ResultsEnlarge Image
EconomicsEnlarge Image
As evident from the well type curve below, these wells (greater than 9000 feet laterals) seem to…
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