Newfield Exploration Co

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Revision as of 05:02, 8 January 2010 Tcopley (Talk | contribs) (Newfield-Hess JV using air drillling and closed loop system in Wayne, Co., PA) ← Previous diff		Revision as of 05:05, 8 January 2010 Tcopley (Talk | contribs) Next diff →
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	Newfield in the past has primarily operated in the ''Woodford shale'' located in Oklahoma and the mid-continental region of the U.S. where it has drilled over 300 [[Horizontal drilling|horizontal]] wells. It has also been active in the Rocky Mountains.		Newfield in the past has primarily operated in the ''Woodford shale'' located in Oklahoma and the mid-continental region of the U.S. where it has drilled over 300 [[Horizontal drilling|horizontal]] wells. It has also been active in the Rocky Mountains.
-	A press release from the ''Northern Wayne Property Owners Alliance'' in January, 2010 noted that Newfield and Hess had selected two subcontractors who were to conduct ''environmentally friendly'' drilling on the land leased to the Newfield-Hess joint venture and covered by the ''Alliance'' in [[Wayne]] and Susquehanna counties:	+	A press release from the ''Northern Wayne Property Owners Alliance'' in January, 2010 noted that Newfield and Hess had selected two subcontractors who were to conduct ''environmentally friendly'' drilling on the land leased to the Newfield-Hess joint venture and covered by the ''Alliance'' in [[Wayne County|Wayne]] and Susquehanna counties:
	* [[Atlas Copco]] was to drill the downhole leg of the [[Horizontal drilling|horizontal wells]] using compressed air. That eliminates the need to use any water in this stage.		* [[Atlas Copco]] was to drill the downhole leg of the [[Horizontal drilling|horizontal wells]] using compressed air. That eliminates the need to use any water in this stage.
	* [[Ecosphere Technologies]] had been hired to set up a [[Closed loop system|closed loop system]] to manage and recycle the water used in [[Hydro-fracturing|fracing]] the wells.		* [[Ecosphere Technologies]] had been hired to set up a [[Closed loop system|closed loop system]] to manage and recycle the water used in [[Hydro-fracturing|fracing]] the wells.

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Revision as of 05:05, 8 January 2010

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Houston, Texas-based Newfield Exploration Co (NYSE:NFX) is an oil and gas exploration and production company. In October, 2009 the company announced a joint exploration agreement with Hess Corp to develop 140,000 gross acres of Marcellus shale primarily in Susquehanna and Wayne counties in northeastern Pennsylvania. Newfield was to operate the venture and receive a 50% working interest.

Newfield in the past has primarily operated in the Woodford shale located in Oklahoma and the mid-continental region of the U.S. where it has drilled over 300 horizontal wells. It has also been active in the Rocky Mountains.

A press release from the Northern Wayne Property Owners Alliance in January, 2010 noted that Newfield and Hess had selected two subcontractors who were to conduct environmentally friendly drilling on the land leased to the Newfield-Hess joint venture and covered by the Alliance in Wayne and Susquehanna counties:

• Atlas Copco was to drill the downhole leg of the horizontal wells using compressed air. That eliminates the need to use any water in this stage.
• Ecosphere Technologies had been hired to set up a closed loop system to manage and recycle the water used in fracing the wells.

• Lee K. Boothby is Newfield's President and CEO.
• Stephen C. Campbell is Vice President of Investor Relations.