Wednesday, August 4, 2010

Newfield Exploration Company acquires Southern Alberta Basin Wells: Glacier County, MT

By Andrea:

Newfield Exploration Company (NYSE: NFX) announced that it added two new Oil Plays to its total acreage in late 2009 and early 2010. One of the two plays includes the Southern Alberta Basin area in Glacier County, Montana. This well is part of an assessment program that extends to 8 Southern Alberta Basin wells in total for 2010. The program will reach both horizontal and vertical wells. Other geologic formations in the program include the Lodgepole, Middle Bakken, Three Forks and Nisku. Newfield Exploration Company (NYSE: NFX) currently holds roughly 230,000 net acres in Glacier County, Montana.

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