Newfield Exploration has been drilling heavily in the Arkoma Woodford during 2010 and found some interesting results. The Company has found that there is an oily prone region in the Woodford play west of Hughes and Coal counties. As of today, Newfield has drilled six wells with peak IP rates reaching over 1,400 Boepd from five of the wells. Production averages of 30, 60, and 90 day rates from four wells have reached 950, 840, and 760 Boepd.
Below you can see a map of where the oil prone and gas prone areas are located.
Newfield is very interested in attempting to produce this area with over 100 potential locations to date in their 172,000 net acreage. The Company plans to drill 12-18 wells this year with two or three rigs and continue to assess the field for additional locations. Newfield has drilled 22 wells over the past six months in four specific counties (Atoka, Coal, Pitssburg, and Hughes) according to our database, and I have created a map in DrillingInfo of all these wells histogrammed by cumulative gas produced and bubbled by cumulative oil produced.
The map shows a delineation of the oil and gas windows beginning to form from the Newfield data. Larger bubbles of oil production from wells are only found on the left side of the map as in the map provided by Newfield earlier.
Keep checking back for more updates on the new “Oily” Woodford production. The unconventional updates in the DNA section of DrillingInfo will have the most up to date data on all things Woodford.
Matt Menchaca
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