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Newfield Spuds First STACK Infill Pilot; Raises Guidance for 2H16
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Newfield Exploration Company provided an interim operations update and raised production expectations for the second quarter and full-year 2016. The disclosure was made in conjunction with its planned appearances at two industry energy conferences in late June.
Key Points: Newfield recently spud its first STACK infill spacing pilot -- the Chlouber. This is the first of two planned pilots to test downspacing and provide information important to full-field development activities planned for 2017. Increased 2H16 Guidance - Second quarter 2016 net production for the Company is now expected to exceed the mid-point of guidance by approximately 0.5 MMBOE and is estimated to be about 15.2 MMBOE (previous range was 14.4 – 14.9 MMBOE). Net production from the Anadarko Basin now comprises…- ✓ Full news archive — U.S., Canada & international coverage
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