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.
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Articles from Continental
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
Continental COO Resigns; No Replacement Named
Continental Resources Inc. President and COO Rick Bott resigned on Thursday to “pursue other opportunities,” the Oklahoma City-based operator announced. It was news that was unexpected by the market.
September 12, 2014
Continental Readies for Big Bounce in Bakken, SCOOP
Oklahoma City’s Continental Resources Inc. is preparing for a 26-32% increase in oil and natural gas production in 2014, CEO Harold Hamm said Tuesday.
September 12, 2013
Rail Will Have Long-Term Role in Oil, Continental Exec Says
Rail transport of oil is in for a long-term ride in moving burgeoning U.S. crude supplies and other liquids, according to Rick Bott, president of Oklahoma-based Continental Resources Corp., the largest producer in the Bakken Shale, where railroad shipments in recent months have accounted for more than 70% of the oil moved to market (seeShale Daily,July 11).
August 12, 2013
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