Newfield Exploration Company (NFX) issued an operational update for the second quarter of 2010 on its activities in the Eagle Ford Shale. The Eagle Ford Shale is a new oil play that the company is assessing.
Newfield Exploration Company has a 300,000 net acre position in the Maverick Basin of in Maverick and Dimmit Counties in Texas. The company drilled its first assessment well into the Eagle Ford Shale utilizing a 5,000 foot lateral, and expects completion results soon.
Newfield Exploration Company will operate four rigs in the Eagle Ford Shale in 2010 and will drill fifteen wells.
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