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Continental Outperforms in the STACK; Strong IPs Improve Type Curve
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Continental Resources, Inc. reported its first quarter 2016 results.
Highlights: Three New STACK Completions Further Confirm the Potential of Continental's Over-Pressured Meramec Position in Oklahoma: Foree 1-18-7XH flowed 1,411 Bo and 3.9 MMcf of natural gas (2,061 Boe) per day from a 7,200-foot lateral; Bernhardt 1-13H flowed 810 Bo and 1.4 MMcf of natural gas (1,046 Boe) per day from a shorter 4,550-foot lateral Quintle 1R-10-3XH flowed 1,559 Bo and 3.5 MMcf of natural gas (2,150 Boe) per day from a 9,850-foot lateral. Continental noted that the Quintle's flow rate is early and still climbing. Completed well costs for Meramec wells in the over-pressured oil window of STACK have been reduced another 5%, to a targeted $9.5 million Rig Count - Continental has 11 operated rigs in…- ✓ Full news archive — U.S., Canada & international coverage
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