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Continental Hits Record Bakken IPs in Q1; Talks New SCOOP Springboard Project
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Continental Resources has reported its Q1 2018 results.
Highlights:- First quarter 2018 production totaled 25.9 MMBOE, or 287,410 BOEPD, (up 34% YOY and flat from 4Q17)
Oil production grew 37% from first quarter 2017 to first quarter 2018. Expects second quarter 2018 production will be in a range of 285,000 to 290,000 Boe per day. Bakken: Record Well PerformanceThree of the Company's top five all-time 30-day rate wells in the Bakken were completed in the first quarter, averaging 2,305 Boe per day.
These record rates are a result of the Company's optimized completion designs.
Q1 Bakken production averaged 161,356 BOEPD - 80% oil (up 48% versus first quarter 2017). The Company completed 31 gross (21 net) operated Bakken wells during the first quarter with an average 24-Hour IP…- ✓ Full news archive — U.S., Canada & international coverage
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