Newfield Exploration Company (NFX) held a conference call to discuss earnings for the third quarter of 2010, and made comments on its activities in the Southern Alberta Basin.
Newfield Exploration Company has 260,000 net acres in Glacier County, Montana. The company is drilling eight wells, and is working to develop the Bakken as well as the Lodgepole, Three Forks and Nisku formations.
“We have a similar assessment program underway on our more than 260,000 net acres in the Southern Alberta Basin. We recently TD’d our fifth well in this reason and has completed our first horizontal well. We will drill as many as eight wells in our assessment campaign, to test multiple formations across our Southern Alberta acreage block. We are executing our original plans and I am pleased with our team’s operational performance. Again we will not be discussing individual well results and we will update you when we have a comprehensive understanding of our acreage and its potential.”