NFX : Newfield Exploration
Economy sector: Basic materials
Industry: Independent Oil & Gas
Abbreviated name: NFX
Newfield Geological Company “(Newfield) is an independent oil and gas exploration company, development and acquisition of oil and gas. internal areas The company operates includes Mid-Continent, Rocky Mountains, coastal texas, Appalachian and Gulf of Mexico. The company operates internationally in Malaysia and China. During a year, ended 31 December 2010 of the year, about 82% its proved reserves and 90% its probable reserves were in the resource plays, primarily in the Mid-Continent and Rocky Mountains. As of 31 December 2010 of the year, Newfield had proven reserves at 3,7 one trillion cubic feet equivalent. 11 February 2010 of the year, the company acquired some of the TXCO resources Inc (TXCO’s) assets in the Maverick Basin of Southwest Texas.
Mid-Continent
Mid-Continent division of the company is focused primarily on Anadarko and Arcoma pools. As of 31 December 2010 of the year, Newfield-owned interests in approximately 755 000 gross acres (approximately 410 000 net acres) and around 2900 gross production wells. Its Woodford Shale is located in the Arcoma Basin in southeastern Oklahoma. During 2010 the company started operating eight installations and ended with three machines. As of 31 December 2010 of the year, company, belonging to an interest in about 172 000 acres of clean. His average working interest is about 60%. During 2010 Years Newfield Appreciate New Oily Play At Woodford, located mainly on the western edge of its square. During 2010 of the year, its production was to work 169 one million cubic feet of equivalent per day net.
The Wash Granite Company is located in the Anadarko Basin of North Texas and western Oklahoma and has more than 48000 hectares in pure play. During 2010 the company faced 3:57 operate drilling rigs in the area of total daily production by about 86 one million cubic feet of equivalent per day net.
Rocky Mountains
As of 31 December 2010 of the year, Newfield-owned interest approximately 1,2 million. Doll. US gross acres (850 thousand acres net) and more 2000 gross production wells. the company's assets are primarily oil. Its Big Butte Monument is the Big Butte Monument Fields Square, located in the Vinta Utah Basin. Working company interest in the region on average about 71%.It has about 1200 productive oil wells in the Butte group monument. Its area in this region is about 183000 acres of clean. As of 31 December 2010 of the year, its gross output from the Great Monument area of Butte Field was about 22 000 barrels of oil per day.
The company has about 120000 acres of clean Williston Basin, except for about 54000 acres in clean mature Elm Cooley field. As of 31 December 2010 of the year, she drilled 44 wells with successful production from Bakken and Sanish / Three Forks formations. During 2010 year its production was about 7000 barrels of oil equivalent per day net. During 2010 Newfield drilled five vertical wells and one horizontal well. Newfield owns interests and operates for approximately 3000 acres in the clear fields of Pinedale, located in Sublette County, wyoming. She also has an interest in the area of Jonah, located in Sublette County, wyoming.
Coastal Texas
Newfield has about 335000 net acres of Eagle Ford and Pearsall Shale in the Maverick Basin, located in Maverick, Dimit and Zavala districts, Texas. During 2010 of the year, his initial evaluation program included 11 Eagle Ford Shale wells with lateral lengths about 5000 meters.
As of 31 December 2010 of the year, company, belonging to an interest in about 307 000 gross acres (195 000 net) and around 640 production wells gross onshore texas. As of 31 December 2010 of the year, she produced about 125 one million cubic feet per day net from Texas onshore assets.
Appalachian
As of December 2010 of the year, Newfield was leased around 35000 acres of clean. As of December 2010 of the year, the company has drilled three vertical wells for geological testing and data evaluation. These wells were never completed.
Gulf of Mexico
Newfield Bay by operational Mexico focused on deep sea. As of December 2010 of the year, its production from the Gulf of Mexico was about 95 one million cubic feet of equivalent per day net. In addition to its field production, the company has three events in progress. As of 31 December 2010 years she owned interests in 84 deep sea rentals and around 350 thousands of clean acres. Working interests of the company range from 20% to 50%.
International
the company's international activities are concentrated in Southeast Asia. It has manufacturing and offshore developments in Malaysia and China. As of December 2010 year, its international production was about 19 thousand barrels of oil per day network. The company has an interest in approximately 2,5 million. Doll. US gross acres (936 000 net) offshore Malaysia and around 404000 gross acres (385 000 net) offshore China.
