Newfield Exploration Company (NFX) has an active development program in the Woodford Shale and disclosed an update on recent operations here. The company has 172,000 net acres prospective for this play.
Newfield Exploration Company has completed seven additional wells in the Woodford Shale and is focused on the oil window of the play in the Arkoma Basin of Oklahoma. The company has drilled thirteen wells and average 24 hour gross production of over 1,000 barrels of oil equivalent (BOE) per day.
Newfield Exploration Company plans to operate two rigs in the Woodford Shale and drill between 12 and 14 wells in 2011.