US' Newfield to boost 2006 spending 73%

摘要

Houston-Newfield Exploration released plans Jan 18 for what one analyst deemed a large capital spending increase of 73% that underscores confidence in its Woodford Shale natural gas play in Eastern Oklahoma.The Houston-based independent has earmarked 440-mil,or 23% of its total 1.9-bil 2006 capital expenditure budget,for the Mid-continent region.