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Continental Outperforms in the STACK; Strong IPs Improve Type Curve

Continental Resources, Inc. reported its first quarter 2016 results.



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Top  Operators ( Jan 1, 2016 - May 27, 2016)

OKLAHOMA ENERGY ACQUISITIONS LP ( 17 )   

Citizen Energy II LLC ( 14 )   

BRAVO ARKOMA LLC ( 13 )   

Newfield Exploration Co. ( 11 )   

Chesapeake Energy Corporation ( 11 )   

White Star Petroleum LLC ( 11 )

Petroquest Energy Llc ( 9 )

Cimarex Energy Co. ( 9 )

 Drilling Permits Trends ( Jan 2015 - May 2016)

Drilling Permits ( April 27, 2016 - May 27, 2016)
Date Approved Company county Lease Well# Well type Field/Zone
05-25-2016 Chesapeake Operating Inc Alfalfa Kassik 21-25-12 1h Mississippian
05-25-2016 Wildhorse Operating Company Carter Harrell 4 Hoxbar
05-24-2016 Continental Resources Inc Grady Firefly 1-6-7xh Woodford
05-24-2016 Gulf Exploration Llc Kingfisher Caldwell 1-14h Hunton
05-24-2016 Chesapeake Operating Inc Kingfisher Hasty 3-18-6 1h Big Lime
05-20-2016 D & J Oil Company Inc Alfalfa Frank `1-28 Mississippian
05-20-2016 Aog Operating Llc Creek Lowe `1a Arbuckle
05-20-2016 Vitruvian Ii Woodford Llc Grady Anita Fowler `1-27x26h Hunton
05-20-2016 Oklahoma Energy Acquisitions Lp Kingfisher Trindle 1706 `2b-31mh Miss`an (ex Chester)
05-20-2016 Pride Energy Company Major Stambaugh `1-33 Oswego



Cana - Woodford Shale Overview



The Cana-Woodford, which is part of the greater Late Devonian/Early Mississippian-age Woodford formation in the Anadarko basin, is an overpressured reservoir with shales ranging from 100 to 300 ft thick. Cana Woodford shale play in Oklahoma (also known as Anadarko Woodford) Depth Ranges from 11,000 - 16,000 ft and Average Well Cost is about $8m.

To the east and south, the play turns into a condensate and then an oil window. This is a liquids dominated play, and…

 Cana - Woodford Shale Map



Latest Midstream Projects
Project Name Completion date Capacity (MBOPD)
Oklahoma Expansion Capacity  - -
Coastal Bend Header  - -
Carmen Gas Processing Plant  - -
Total   -
 Click Here to More Projects

  Cana - Woodford Shale - Mergers & Acquisitions

Announce DateHeadlineBuyerSellerValue $MMType
10/27/2014 Continental, SK Group Join Forces for $360MM Cana-Woodford JV $360 JV
08/26/2014 Cimarex to Shed Various Properties in the Mid-Continent, Gulf Coast $84 Property
05/06/2014 QEP to Sell Three Assets in Mid-Continent, Williston Basin $807 Property
05/06/2014 Devon Acquires Woodford Acreage Alongside Cimarex $249 Property
04/22/2013 BNK Finalizes Woodford Sale with XTO Energy $148 Property
04/01/2013 Gastar Picks Up Chesapeake's MidContinent Assets $84 Property
11/23/2011 KKR and Affiliates To Acquire Samson Investment For $7.2 Billion $7,200 M&A
 
Cana Woodford - Well / Rigs Count and Ratio