By OGJ editors
HOUSTON, July 26 -- Newfield Exploration Co., Houston, reported having boosted gas production in the Val Verde basin, Texas Panhandle, and South Texas areas in the quarter ended June 30.
Gas output in the Val Verde basin reached a new high rate of more than 100 MMcfd gross. Development involves the Canyon, Strawn, and Ellenberger formations. Newfield, which entered the basin in 2001 by acquiring properties from EEX Corp., has an average 70% working interest in the basin.
Production from Stiles/Britt Ranch field in Wheeler County in the Texas Panhandle reached a record 74 MMcfd gross, and five operated rigs are running in the field. Newfield is operator with 95-100% working interest.
Production reached a new high of 82 MMcfd gross in a South Texas joint venture with ExxonMobil Corp. in which Newfield has 50% interest. Two rigs are running there, and Newfield has 20 prospects ready to drill. The acreage is in Kenedy, Starr, and Hidalgo counties.
