Newfield entered Oklahoma in 2001. Today, we have nearly 550,000 net acres in the Anadarko and Arkoma basins combined. The largest producing area in our portfolio is located in the Anadarko Basin with nearly 400,000 net acres in our SCOOP and STACK plays. At year-end 2016, the Anadarko Basin comprised 64 percent of our total proved reserves.
In 2017, the Company is actively drilling development multi-well pilots to better understand future well spacing and completion designs. In addition, the Company allocated approximately $100 million to test additional resource potential on its existing acreage in the Anadarko Basin. The new program, called SCORE, stands for Sycamore, Caney and Osage Resource Expansion.