Little wonder Newfield Exploration has been gobbling up all the land it could acquire in Oklahoma’s STACK play in Kingfisher, Canadian and Blaine Counties. It finally revealed this week its intentions to expand operations in a 300-square mile area where it reportedly had paid $4,500 an acre to lease from landowners. Adding to Newfield’s investment claims in the STACK is the reduced cost of drilling wells, going from an average 37 days per well in 2012, to 33 in 2013 and 25 days last year. It’s 2015 goal is 22 days per well. http://okenergytoday.com/2015/02/why-newfields-gobbling-up-stack-land-leases/ http://okenergytoday.com/new/wp-content/uploads/2015/02/f83fa3e6cae569bd2857e4a9af3ef2c8.jpg
RE: Investment Opportunities
Agree 100% that there are opportunities to be had, I believe Rita is the person to lead us through the dark as well. Sadly Magp has become a bottom draw long play. I will be adding what spare money I have after I have paid my obligations and have the money to finish my studies (small fry to most haha). Holding long and strong.
A well a day <68>
Well Name: <JKL-1-08H> Pun Number: <N/A> Location: <Oklahoma> Formation: <Mississippi Lime> Operator: <Devon Energy> NRI%: <1.719> Net Cost: <79988>* Status: <Producing> Initial Production Date: <30/09/2013> Net IPR: <9.44> Latest Gross Production: <Unknown> Comment: <Looks like a good IPR, but I don't understand why give the initial production date this is not showing up on the production reports.> *Estimated from increased acreage. Disclaimer:- This information is correct to the best of my knowledge and is based on publicly available information. Any corrections or additional information will be gladly received
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