Newfield Exploration raises FY14 production to 46.5-48.5 MMBoe from 44-48 MMBoe Newfield expects that its planned 2014 domestic capital investments will total about $1.7B from $1.6B. The additional investments specifically relate to improved drilling performance across the company and the addition of new acreage in the Anadarko Basin. Due to continued operational efficiencies, Newfield expects to drill up to 15 additional gross wells across its focus areas in 2014. Newfield's net production from continuing operations in the second quarter of 2014 was 12.1 MMBOE from 10.7 – 11.3 MMBOE. Liquids comprised approximately 55% of second quarter production volumes. Net liftings from discontinued operations totaled less than 0.1 MMBOE. Domestic production in the second quarter increased 12% over the first quarter of 2014 and 21% over the comparable quarter of 2013. Domestic liquids production in the second quarter of 2014 increased 13% over the first quarter of 2014 and 40% over the comparable quarter of 2013.
UBS to hold a conference Houston Energy Bus-less Tour is being held in Houston on September 17-19 with webcasted company presentations to begin on September 17 at 8:30 am; not all company presentations may be webcasted. Webcast Link