Scoop & Stack

NFX Announces Significant Well Results

THE WOODLANDS, Texas — Newfield Exploration Company, in conjunction with the Company’s participation in this week’s Scotia Howard Weil Energy Conference, has provided an interim update on its recent enhanced completions in the Anadarko basin’s STACK play and raised expectations for its first-quarter 2017 domestic production.

The company’s Burgess 1H-18 well, located in Section 18-15N-7W, Kingfisher County, Okla., achieved a 24-hour flow rate of 2,931 barrels of oil equivalent per day (boe/d), of which 69% was oil, and a 20-day average rate of 2,492 boe/d, of which 70% was oil. The well had a 4,859 ft lateral length.

The Burgess achieved record 24-hour oil production per 1,000 ft of gross perforated interval (GPI)—or 417 barrels (bbl) of oil per 1,000 ft GPI, the company said.

Additionally, the well had a record 20-day average oil production rate of 361 bbl per 1,000 ft GPI. These rates are the highest oil production rates per 1,000 ft GPI publicly reported to date in the Scoop and Stack plays.

“Our recent results from enhanced completions provide us with confidence around our near-term plans, as well as the future productivity of Stack,” Lee K. Boothby, Newfield’s chairman, president and CEO, said in a statement. “The year 2017 is critical for us. We are rich in catalysts as we test development well densities, optimize our completions and explore exciting new stacked-pay potential across our vast Anadarko Basin acreage position.”

The Burgess is one of 16 recent wells with enhanced completion designs located in the heart of the company’s more than 300,000 net Stack acres.

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Compiled and Published by GIB KNIGHT

Gib Knight is a private oil and gas investor and consultant, providing clients advanced analytics and building innovative visual business intelligence solutions to visualize the results, across a broad spectrum of regulatory filings and production data in Oklahoma and Texas. He is the founder of OklahomaMinerals.com, an online resource designed for mineral owners in Oklahoma.

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