Quarterly / Earnings Reports | Second Quarter (2Q) Update | Forecast - Production | Capital Markets | Capex Increase | Drilling Program-Rig Count
Newfield Ups Capex, Guidance for 2018; Boosts STACK Rig Count 18% from 1Q18
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Newfield Exploration reported its Q2 2018 results.
Production, Capex Guidance Raised - Anadarko Liquids, Oil Output UpDomestic net production up more than 30% YOY; averages 186,700 BOEPD (39% oil, 62% liquids)
Anadarko Basin Q2 net production up more than 45% YOY; averages 131,100 BOEPD Anadarko Basin Q2 net liquids production up more than 50% YOY; exceeds 80,000 BOEPD Anadarko Basin Q2 net crude oil production up more than 40% YOY; exceeds 42,000 BOPD Newfield raises 2018 expectations for total production and capital investments Newfield now expects to invest approximately $1.35 billion in 2018 (previous guidance was $1.3 billion), excluding capitalized interest overhead costs of about $114 million.The increase in estimated capital investments for 2018 is primarily related to g…
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