Exploration & Production | Drilling / Well Results | Top Story | Quarterly / Earnings Reports | First Quarter (1Q) Update
Newfield Sees Strong SCOOP, STACK Ops in 1Q; Unveils Results
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Newfield has reported a first quarter 2014 update on its Anadarko Basin operations.
Newfield is operating eight rigs in the Anadarko Basin of Oklahoma.
Planned investments for 2014 total $700 million and net production in 2014 is expected to double year-over-year. The Company is planning to drill about 70 wells in the SCOOP and STACK plays and exit 2014 with net production of nearly 50,000 BOEPD. Newfield's first quarter net production averaged 29,500 BOEPD in the Anadarko Basin. Newfield has more than 225,000 net acres in the Anadarko Basin, where the SCOOP and STACK plays offer multiple "stacked" geologic horizons for exploitation.
SCOOP Wet GasThe "Wright" development, located in the SCOOP Wet Gas portion of the play, recently commenced production. The Wright was developed on…
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