Topic: Newfield Exploration

Newfield Exploration Leads Kingfisher County in 2016 with 10,000 Foot Laterals

Kingfisher county, located in the STACK, is among the most active counties in Oklahoma having 163 new completions since the start of 2016. Within the last year some of the most active operators have been Alta Mesa Holdings, Newfield Exploration and Chesapeake Energy. Alta Mesa has completed 46 wells and fracked 57 wells compared to Newfield who had 36 completions and fracking 44 wells. The county used a total of 770,000 tons of raw sand with 230 tons of resin...

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Grady County (OK): Spotty Completion Activity with Permitting Holding Steady

Oklahoma currently holds the second largest concentration of rigs in the U.S. according to the BHI Land Rig Count. So where is the activity coming from? Grady county in the SCOOP has 14 completions since the start of the year. Permitting has fallen since commodity prices to a dive but they have recently leveled off going into 2016.  Drilling Activity Doesn't Equate to Well Completions In he first four months of 2016 there have been under 100 completions compared to over 750 during the...

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Land Rigs down to 800 by Summer?

The Baker Hughes US Land Rig Count declined to 1,058 down -5.6% this week. WTI fluctuated today hovering around $45 per barrel. Here's a summary chart for the past week:Summary of Shale Play Rig CountsPermian Basin -6.6% to 311 rigs compared to last week’s 333 rigs Eagle Ford -2.0% to 146 rigs compared to 149 the prior week Williston Basin -3.7% to 104 from last week’s 108 rigs Marcellus +1.6% to 63 from the previous week's 62 rigs Mississippian -4.5% to 42 from last week's 44 rigs DJ-Niobrara -5.9% to 32...

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