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Newfield Touts 10% Production Jump YOY; 152 MBOEPD
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Newfield reported its Q4 2017 results.
Highlights: Fourth quarter 2017 net production exceeded guidance expectations. Domestic net production was 169,800 BOEPD (40% oil and 61% liquids), exceeding mid-point guidance by approximately 1,750 BOEPD. The better than expected results during the quarter were primarily related to higher volumes from the Anadarko Basin, which reached more than 117,000 BOEPD (12% increase from the prior quarter). There were no liftings during the fourth quarter of 2017 from China. Following recent repairs to the Pearl Field's third-party storage vessel, production in China resumed in early 2018 with a lifting planned for the first quarter. Full-year 2017 domestic net production significantly exceeded original guidance expectations. Domestic net production grew…- ✓ Full news archive — U.S., Canada & international coverage
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