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.

February 12, 2019
Encana Stacking Up Opportunities in $7.7B Newfield Combination

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.

November 1, 2018

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.

November 1, 2018
Newfield Raises Full-Year Guidance on Strong Domestic, Anadarko Basin Production in 2Q

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.

August 2, 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.

May 3, 2017

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.

April 4, 2017

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.

March 27, 2017

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.

November 2, 2016

Newfield’s STACK Exceeds Production Estimates, with Well Costs Now ‘Company Best’

Newfield Exploration Co. has increased its production guidance for the second quarter and the full year, crediting the Anadarko Basin’s stacked reservoirs for exceeding expectations yet again.

June 22, 2016

Newfield Stacking Up Meramec Prospects in $470M Deal With Chesapeake

Newfield Exploration Co. agreed Thursday to pay Chesapeake Energy Corp. $470 million to tack on 42,000 net acres in the Meramec reservoir, which would boost its position in Oklahoma’s liquids-rich reservoirs to 350,000-plus.

May 5, 2016
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