Newfield has shifted into development mode in the STACK/SCOOP, setting a $1.0 billion capital budget that is 85% dedicated to the Oklahoma plays. The company plans to drill 85-90 STACK wells and up to 50 SCOOP wells this year. It will maintain a 10-rig pace over the next three years in the Anadarko Basin. By 4Q19, Newfield aims to average 150,000-170,000 boe/d net (65% liquids) in the STACK/SCOOP. This year’s program is intended to......
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