Calgary-based Encana Corp., which is training more resources in the Permian Basin, said Monday it would sell the Arkoma Basin assets acquired in the takeover of Newfield Exploration Co. for $165 million.
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Articles from Newfield
Encana, Newfield on Cusp of Completing Mega Merger
Encana Corp.’s combination with Newfield Exploration Co. to create a North American onshore exploration beast is set to be completed on Wednesday following approval by the companies’ shareholders.
Encana Stacking Up Opportunities in $7.7B Newfield Combination
Encana Corp. has clinched a deal to buy Oklahoma stalwart Newfield Exploration Co. in a stock trade worth an estimated $5.5 billion, as well as assuming $2.2 billion net debt, expanding its four core exploration areas of North America’s onshore to a solid five.
Newfield Reports Surge in Oklahoma Production, Raises 2018 Spend
With a $5.5 billion merger with Encana Corp. in the offing, Newfield Exploration Co. on Thursday reported a more than one-third increase in Midcontinent production and said it would spend more to reach higher production targets by year’s end.
Newfield Raises Full-Year Guidance on Strong Domestic, Anadarko Basin Production in 2Q
Stronger-than-expected domestic production during the second quarter, including from the Anadarko Basin, prompted Newfield Exploration Co. to raise its full-year production guidance for both and announce plans to spend an additional $50 million on capital expenditures (capex) in 2018.
Newfield Raises Capital Budget as Anadarko Basin Education Continues
Newfield Exploration Co. is planning to learn a lot this year in the Anadarko Basin, allocating about 85% of a slightly larger capital budget to Oklahoma’s stacked plays with a number of goals in mind.
Enable Providing Newfield with NatGas Takeaway from Oklahoma’s Stacked Reservoirs
Newfield Exploration Co. has secured a 10-year contract with a subsidiary of Enable Midstream Partners LP for 205,000 Dth/d of firm natural gas transportation from Oklahoma’s stacked reservoirs.
Newfield STACK Water Recycling Facility to Be Complete in Third Quarter
Newfield Exploration Co. has broken ground on a water recycling facility in its STACK play in the Anadarko Basin in Kingfisher County, OK. The Barton Water Recycle Facility is expected to process 30,000 barrels of water per day upon completion early in the third quarter.
Enhanced Completions Boost Newfield, Expects 1Q Production to Exceed Guidance
Newfield Exploration Co. said it expects 1Q2017 production will likely exceed the high end of its guidance for the quarter, thanks in large part to enhanced completions at 16 wells the company drilled recently in Oklahoma’s stacked reservoirs.
Newfield Thinking 2017 Ramp-Up in Oklahoma’s SCOOP, STACK
Heading into 2017, Newfield Exploration Co. is preparing to accelerate activity in the Anadarko Basin, going from drilling to hold by production (HBP) to full-field development, the operator told analysts during a conference call Wednesday to discuss 3Q2016 results.