Newfield Exploration Company (NFX) reported an update on its operations in the Eagle Ford Shale during the third quarter of 2011. The company’s position totals 335,000 net acres and lies in the Maverick Basin.
Newfield Exploration Company is focused on the West Asherton area in Dimmitt County, Texas, and has completed sixteen pad wells here to date. The company said that the average twenty four hour gross initial production rate was 650 barrels of oil equivalent (BOE).
Newfield Exploration Company said that wells here will have an estimated ultimate recovery of approximately 300,000 BOE, and cost $6.6 million to drill.