Continental Resources’ Angus Trust 1-4-33XH produced 4,642 BOE during its 24-hour IP test Oklahoma City-based Continental Resources (ticker: CLR) announced that its recently completed Angus Trust 1-4-33XH has set a company IP record. The well, which was drilled in the over-pressured oil window of the Oklahoma STACK play, produced 4,642 BOE (45% oil) in a 24-hour test, comprised of 2,088
Oklahoma’s STACK and SCOOP plays are dominated by five players – 2nd most active U.S. plays With roughly 31% of active rigs in the U.S. focusing on the Permian, it’s easy to say plays like the Delaware Basin have become the focus of the industry. Despite that, there remains a tremendous potential in the STACK and SCOOP plays, according to
Continental divests North Dakota and Montana assets for $222 million Continental Resources (ticker: CLR) announced the sale of non-core assets today for $222 million. The assets include 68,000 net acres in North Dakota and 12,000 net acres in Montana with 2,800 BOEPD of current production. The assets were sold to an undisclosed buyer, CLR said in their press release. The
Continental Resources CEO Harold Hamm says the company is aiming for balanced growth Oklahoma City-based Continental Resources (ticker: CLR) announced its second quarter earnings this week, reporting increased production guidance for the year, lower production costs, and a $281 million deal to pay down debt. Continental reported a net loss for the quarter totaled $119.4 million, or $0.32 per share.
WTI crude oil prices hold above $29 per barrel, while production remains steady Crude oil prices shot up over 12% last Friday, moving prices up from a 12-year low last week. Comments from The UAE’s Oil Minister Suhail bin Mohammed al-Mazrouei about OPEC being ready for production cuts excited trading, with many hoping OPEC might reprise its role as a
Jack Stark, President and Chief Operating Officer of Continental Resources (NYSE: CLR), presented today at EnerCom’s The Oil & Gas Conference 20®. Continental Resources is an independent oil producer in the United States and is a strong free market advocate in favor of lifting of the domestic crude oil export ban. Based in Oklahoma City, Continental is the largest leaseholder and one of the
With share prices halved along with oil prices, investing opportunities abound What’s coming in 2016? Institutional investors head to Denver Aug. 16-20 to listen to the oil & gas sector’s go-forward strategies Where is the industry today and where is it heading? After a lengthy pattern of producing and selling $90+ oil, the industry was jolted when OPEC announced its decision
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