Continental

Meramec Well Sets Industry Record, Says Continental

Continental Resources Inc. said Tuesday it set an industry record with a completion in Oklahoma’s Meramec formation.

May 17, 2016

Meramec Well Sets Industry Record, Says Continental

Continental Resources Inc. said Tuesday it set an industry record with a completion in Oklahoma’s Meramec formation.

May 17, 2016
Continental Charts Production Record, Boosts Guidance, But Posts 1Q Loss

Continental Charts Production Record, Boosts Guidance, But Posts 1Q Loss

For the second time this year Continental Resources Inc. executives raved about the performance of three wells targeting the Meramec formation within Oklahoma’s stacked reservoirs. But despite record production, the company also reported a net loss of more than $198 million for the first quarter.

May 6, 2016
Continental Charts Production Record, Boosts Guidance, But Posts 1Q Loss

Continental Charts Production Record, Boosts Guidance, But Posts 1Q Loss

For the second time this year Continental Resources Inc. executives raved about the performance of three wells targeting the Meramec formation within Oklahoma’s stacked reservoirs. But despite record production, the company also reported a net loss of more than $198 million for the first quarter.

May 6, 2016
Continental Reports 9% Reduction in 2015 Year-End Reserves

Continental Reports 9% Reduction in 2015 Year-End Reserves

Continental Resources Inc. ended 2015 with 1.23 billion boe in proved reserves, a 9% decrease from 1.35 boe at year-end 2014, the company said Wednesday.

February 11, 2016

Continental Cutting Capex, Adding to DUC Inventory in 2016

Continental Resources Inc. said it is slashing its capital expenditure (capex) budget, except for possible acquisitions, by two-thirds, with daily production expected to average 200,000 boe/d in 2016, as it adds to its inventory of drilled but uncompleted (DUC) wells.

January 27, 2016

Continental Reducing Costs, Improving Output From Bakken, Oklahoma Reservoirs

Tulsa-based Continental Resources Inc. senior executives on Thursday presented an optimistic view of increasing onshore production and decreasing costs, although the company also saw more red ink in the third quarter.

November 6, 2015

Badlands Sets North Dakota NGL Deal With Continental Resources

Badlands NGL LLC has agreed with the largest Bakken Shale producer, Continental Resources Inc., for long-term ethane supplies for a $4.2 billion polyethylene (PE) manufacturing project.

September 25, 2015

Continental Hits Record Production, Could Drop Two Bakken Rigs

Six months after cutting its rig count in half, Continental Resources Inc. made record production for the second quarter and raised its production guidance for the rest of the year, but the company said it plans to drop two of its 10 operated rigs deployed in the Bakken Shale if commodity prices don’t improve, and will increase its focus on the Midcontinent.

August 6, 2015

Continental Cuts Back For 2015, Again

Bakken Shale pioneer Continental Resources Inc. (CLR) Monday cut its 2015 capital spending plans for the second time in as many months in the face of depressed oil prices. Still, production is expected to increase.

December 23, 2014