News and Analysis
Capital, Finance
Midstream Activities

Continental Unveils 2016 Budget, Rig Counts, Well Plans; Production Slowdown

The company details its capital budget as well as development plans including well count, rig count, spending by play and more.

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Top  Operators ( Jan 1, 2016 - May 01, 2016)

Citizen Energy II LLC ( 12 )   



White Star Petroleum LLC ( 10 )   

Petroquest Energy Llc ( 9 )   

Cimarex Energy Co. ( 8 )

Payrock Energy Llc ( 6 )

Newfield Exploration Co. ( 5 )

 Drilling Permits Trends ( Jan 2015 - Apr 2016)

Drilling Permits ( April 01, 2016 - May 01, 2016)
Date Approved Company county Lease Well# Well type Field/Zone
04-23-2016 Devon Energy Corporation Canadian Apres Vous 24_13-14n-8w 1hx Hunton
04-23-2016 Citizen Energy II LLC Grady Skaggs 1h-5 Woodford
04-23-2016 Citizen Energy II LLC Grady Skaggs 1h-4 Woodford
04-21-2016 Sandridge Energy, Inc. Garfield Richey 2407 1-21h Mississippi Lime
04-21-2016 Marathon Oil Corporation Grady Nekiah 1-18xh Woodford
04-19-2016 Cimarex Energy Co. Canadian Gatz 1h-3019x Hunton
04-19-2016 Citizen Energy II LLC Canadian Rikella 3h-21 Woodford
04-09-2016 Citizen Energy II LLC Canadian Rikella 2h-16-9 Mississippian
04-08-2016 Comanche Resources Co LLC Major Woodring 30-31-1h Mississippian
04-07-2016 Hall Drlg Llc O & G Creek Johnson `1-5 Cleveland

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 Acreage
04/22/2013 BNK Finalizes Woodford Sale with XTO Energy $148 Asset
04/01/2013 Gastar Picks Up Chesapeake's MidContinent Assets $84 Asset
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