Newfield announced yesterday that they have signed two separate purchase agreements for a total of 70,000 net acres in the Uinta Basin. The mostly undeveloped acreage will border Newfields current acreage -Monument Butte. The transaction is expected to be finished in the second quarter 2011. A full report from Energy Pedia along with a map of the area can be found at the following link:
US: Newfield Exploration acquires Uinta Basin assets from Harvest Natural Resources
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