Newfield Exploration (NYSE: NFX): Eagle Ford Shale

By Andrea: http://oilshalegas.com

Newfield Exploration Company (NYSE: NFX) is expanding its net acreage in Eagle Ford Shale. The company 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 Eagle Ford Shale and Pearsall Shale in the Maverick Basin of Southwest Texas. The project includes 300,000 net acres in both Maverick County and Dimmit County. Newfield Exploration Company's (NYSE: NFX) first assessment well in Eagle Ford Shale was 5000 feet in length. They plan to drill 15 more wells in the second half of 2010 and will operate up to 4 rigs.

Read more here: http://phx.corporate-ir.net/phoenix.zhtml?c=63798&p=irol-newsArticle&ID=1450262&highlight

For more Shale updates, visit http://blackberrystocks.blogspot.com/

For more stock market news, visit http://daytradingstockblog.blogspot.com

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

By Andrea: http://oilshalegas.com

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.

Read more on Newfield Exploration Company (NYSE: NFX) here: http://phx.corporate-ir.net/phoenix.zhtml?c=63798&p=irol-newsArticle&ID=1450262&highlight

For more Shale updates, visit http://blackberrystocks.blogspot.com/

For more stock market news, visit http://daytradingstockblog.blogspot.com