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Newfield Plans $700 Million SCOOP/STACK Drilling Program

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Newfield Plans $700 Million SCOOP/STACK Drilling Program
Capital investment program for 2015 set at $1.2 billion-  Approximately 70% of 2015 investments allocated to Anadarko Basin-  Anadarko Basin production expected to grow more than 40% over 2014 levels- STACK results "production delineate" 75% of acreage, activity levels increasing in 2015-  Total 2015 production expected to grow approximately 18% year-over-year, adjusted for asset sales in 2014-  Domestic production expected to grow 8%, adjusted for asset sales in 2014

2015 Investment Highlights:

Newfield continues to grow its acreage in the Anadarko Basin, which today is approximately 300,000 net acres. With a planned 2015 investment of approximately $820 million, the Anadarko Basin will be the Company's single largest investment region. The Company plans to run 10 operated rigs in the…
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