Newfield’s Bakken net production in 2013 was ~4.4 MMBOE or ~12,000 boe/d. That’s a 40% increase over 2012 production. At the beginning of 2013, the company had only estimated a production growth rate of 15% year-over-year in the play.
In 2014, Newfield will continue its current 4 rig program, and expects to achieve 35% to 40% year-over-year production growth. Capital expenditures are set at $330 million for 2014.
Read more: Newfield Completes Record Bakken Wells