In the Uinta Basin of Utah, we have more than 215,000 net acres. Our Uinta Basin operations can be divided into two areas—the Greater Monument Butte Unit (GMBU) waterflood and the Central Basin. We concluded a year-long 20-well horizontal drilling joint venture program in the second quarter of 2017 in the Central Basin—designed to better understand our drilling and completion strategies and to improve the economics of plays in the Uteland Butte and Wasatch formations. In 2017, we continue to run a single well program with plans to drill nine wells by year-end.
We continue to run a single-rig program in the Williston Basin where we hold approximately 82,000 net acres. After drilling more than 200 wells since entering the Basin, Newfield continues to refine and improve its operations. Most recently, the Company has been using larger concentrations of proppant and fluids in its completions. As a result, the type curve for its wells was raised to 1 MMBOE. “Best-in-class” drilling and completions are delivering completed well costs at approximately $5.7 million—SXL wells with 10,000’ lateral lengths). Newfield has a 200-plus well inventory of high return wells remaining in its portfolio. In 2017, Newfield continues to grow its oil production from the Williston Basin with a single-operated drilling rig.