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