Continental

Continental Cuts Capital, Extends Laterals on Project SpringBoard

Continental Cuts Capital, Extends Laterals on Project SpringBoard

Continental Resources Inc. said it expects to save about $125 million in capital costs by shifting to 30% longer laterals within Project SpringBoard, a multi-year program to develop its oil and liquids-rich assets in Oklahoma’s myriad stacked reservoirs.

January 30, 2019
Continental Raising Guidance, Capex with Bakken, Midcon Growth in Sight

Continental Raising Guidance, Capex with Bakken, Midcon Growth in Sight

Continental Resources Inc. raised its production guidance and increased capital expenditures (capex) for the year, as it plans to deploy more rigs in the Bakken Shale and a multi-year development program targeting Oklahoma’s myriad stacked reservoirs.

August 9, 2018

Continental Brings in Partner to Offset STACK/SCOOP Expenses

Toronto-based Franco-Nevada agreed Monday to pay $220 million for a stake in a newly formed Continental Resources Inc. subsidiary that would acquire minerals in the Oklahoma City-based independent’s holdings in the SCOOP and STACK, aka the South Central Oklahoma Oil Province and the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties.

August 7, 2018

Continental Falls Short on 2Q Production Targets, Still Expects to Hit Guidance

Despite missing investor expectations for the second quarter, Oklahoma City-based Continental Resources Inc. said late Monday it expects total production to be at the top end of its full-year production guidance and the forecast 2018 exit rate.

July 25, 2018
Continental’s Bakken Well Returns Double in Year’s Time, Exec Says

Continental’s Bakken Well Returns Double in Year’s Time, Exec Says

Touting 165% returns on some wells this year in the Bakken Shale, the president of Continental Resources Corp., North Dakota’s top producer, said Thursday overall returns on new wells have doubled in less than a year.

May 25, 2018
Continental Profits Surge in 1Q; SCOOP Development Launched

Continental Profits Surge in 1Q; SCOOP Development Launched

Higher oil prices drove a surge in profits and revenues for Continental Resources Inc. in the first quarter, as the company kicked off an ambitious multi-year oil development program targeting Oklahoma’s myriad stacked reservoirs.

May 3, 2018

Continental Inks Agreement for Project Wildcat Natural Gas Capacity

Continental Resources Inc. said it has signed a firm transportation agreement with Enable Midstream Partners LP for the entire takeaway capacity of Project Wildcat, a 400 MMcf/d natural gas pipeline that would connect the Midcontinent with North Texas.

April 27, 2018
Destination China for Continental’s Bakken Volumes

Destination China for Continental’s Bakken Volumes

Continental Resource Inc. has sold its first-ever Bakken Shale crude oil for overseas delivery, with more than 1 million bbl to be delivered to China.

October 18, 2017
Continental Sells Assets to Focus on Debt Reduction, While NatGas Output Jumps Almost 17%

Continental Sells Assets to Focus on Debt Reduction, While NatGas Output Jumps Almost 17%

Continental Resources Inc. CEO Harold Hamm said he would use asset sales and reduce activity in the Midcontinent, including the Springer Shale, to pare down long-term debt, which stood at $6.56 billion at the end of June.

August 10, 2017

People — R. Craig Owen

Southwestern Energy Co. (SWN) CFO R. Craig Owen has resigned to take the same position at Rosehill Resources. SWN is focused on the Appalachian Basin and Fayetteville Shale, while Rosehill operates in the Permian Basin’s Delaware sub-basin. Owen has worked for SWN nearly nine years and has been CFO since 2012. Owen will remain in his position to assist with a transition through late June. SWN Senior Vice President Jennifer Stewart of tax and treasury has been named acting financial chief; she joined SWN in 2010. Owen’s departure comes after SWN spent much of 2016 in a defensive position weathering the commodities downturn; it’s since been ramping back up.

June 9, 2017