Newfield reported first quarter earnings and along with financial results the company reported company record wells in the Bakken.
Wells completed in the Bakken produced more than 3,100 boe/d and wells completed in the Three Forks yielded more than 2,400 boe/d. The impressive production rates drove Bakken production growth estimates from 15% to 25% in 2013.
Newfield posted cost improvements and production growth across many of its core areas of development. Costs are down in the Eagle Ford and record drilling times were achieved in the Uinta Basin in Utah.
Read more at newfield.com