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Newfield Exploration reports drilling successes in its
Woodford Shale play in Oklahoma's Arkoma Basin.
Since October 2005, Newfield has drilled or participated in eight
horizontal wells in the Woodford Shale play, of which five are currently being
completed. The most recent Newfield operated wells include: the Parker 1H-36
(73 percent working interest) with initial production of more than 6 MMcf/d and
production after 14 days of 4.8 MMcf/d; the Reeder 1H-10 (80 percent) with initial production of 3 MMcf/d and a flow rate after seven days of
2.6 MMcf/d; and the Whitlow 1H-27 (57 percent) with initial
production of 3 MMcf/d and a flow rate after seven days of 2.4 MMcf/d.
Reeder and the Whitlow wells were recently fracture stimulated and are still
unloading fluids. Newfield holds interests in three earlier horizontal wells
operated by another company.
"We are very encouraged with our early successes in the Woodford Shale
Play," said Lee K. Boothby, Newfield's Mid-Continent vice president. "This
is a 'home-grown' play and our dominant acreage position was leased between
2003 and 2005. The combination of our 100 vertical wells and recent
horizontal results helps support our belief that we can drill and complete
horizontal wells for approximately $4 million (gross) and recover
2.5 - 3.0 Bcfe per well."
Newfield has an interest in approximately 110,000 acres in the Woodford Shale Play, an area that covers 60 miles from north to south and 15 miles from east to
west primarily in the Oklahoma counties of Hughes, Coal, and Pittsburg. Since 2003,
the company has drilled about 100 vertical wells, which currently provides gross
production of approximately 41 MMcfe/d. Drilling efforts to date confirm the
extent of the Woodford Shale throughout the company's acreage position. The
Woodford Shale ranges in thickness from 120-240 feet. To better exploit the
shale's natural fractures, drilling efforts began focusing on horizontal wells
in late 2005.
In 2006, Newfield plans to drill approximately 65 wells in the Woodford Shale--45 are expected to be horizontal. Newfield has six rigs running in the
play and four of the rigs are drilling horizontals.