Quarterly / Earnings Reports | Second Quarter (2Q) Update | Financial Results | Capital Markets | Capital Expenditure | Drilling Activity | Capex Increase
Newfield Ups 2016 Capex by ~$100MM to Fund STACK Pilots, Drilling
Print
|
Newfield Exploration Company today reported its second quarter 2016 unaudited financial and operating results.
Key Points: The Company's 2016 capital budget was increased to $700 $750 million (previous capital range: $625 $675 million) The increase reflects approximately $40 million for two STACK pilots (previously disclosed), and approximately $50 million for additional drilling activities on existing assets and assets associated with recently acquired properties in STACK. Highlights: 2Q16 net domestic production was 13.7 MMBOE 2Q16 Anadarko Basin average net production reached record 83,700 BOEPD 2Q16 domestic lease operating expense per BOE was down approximately 25% year-over-year Company increases its 2016 production outlook and planned capital investments Continued…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Second Quarter (2Q) Update News
Berry Reaffirms FY25 Guidance; Uinta Wells Drive 2H Growth
Berry Corporation delivered a steady second quarter update that reinforced the company’s core message for 2025: production is on plan, guidance is intact, and the hedge book is…
SM Energy Hits Record Output; Driven by Uinta
In Q2 2025, SM Energy (NYSE: SM) delivered a performance that underscored its evolution from a mid-cap E&P into a streamlined, tech-enabled operator executing a multibasin optimization strategy.…
Expand Energy Talks, Wells, Frac Crews, Production For 2H-2025
In the second half of 2025, Expand Energy is not chasing production growth — it's engineering it. Fresh off record-setting drilling performance in Q2, the company is approaching…
Comstock Rides Higher Gas Prices, Operational Momentum in Q2 2025
Comstock Resources delivered a resilient second quarter, capitalizing on higher natural gas prices and solid well results across the Haynesville and Bossier plays. The company reported strong production…
A Quarter of Quiet Strength: CNX’s Patient Ascent in Appalachia
In the heart of Appalachia, CNX Resources continued to methodically execute on a playbook built for resilience and long-term value. Q2 2025 marked the company’s 22nd consecutive quarter…
Mid-Continent News
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
Dallas Fed Energy Survey: What Oil and Gas Executives Are Really Saying
The latest Dallas Fed Energy Survey shows a U.S. oil and gas industry that is not collapsing—but is clearly constrained. Executives are operating in a defensive posture, focused…
Amplify to Sell Oklahoma Assets for $92.5MM
Nov. 05, 2025 Amplify Energy announced it has entered into a definitive agreement to sell all of its interests in Oklahoma for a total contract price of $92.5…
BKV Closes $370MM Bedrock Barnett Acquisition
BKV Corporation (NYSE: BKV) closed its ~$370 million acquisition of Bedrock Production, LLC, acquiring Bedrock Energy Partners’ Barnett Shale assets in a deal that materially expands BKV’s scale…