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Continental Touts Bakken Output Record; Upping SCOOP Rigs to 18; STACK Output Up +58% YOY
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Continental Resources reported its Q3 2018 results.
Production Growth Across All Plays - STACK Up +58%Q3 production of 296,904 Boe/d, up 22% from third quarter 2017.
BAKKEN PRODUCTION RECORD: Bakken production hit an all-time quarterly record, averaging 167,643 Boe/d in third quarter 2018, up 23% YOY STACK production increased 58% to 56,129 Boe/d in third quarter 2018, compared to third quarter 2017. SCOOP production averaged 63,270 Boe/d in third quarter 2018, up 10% YOY Bakken: Touts Two Top 10 IP30s / Upped Rig Count by 2 in Q3During the quarter, the Company completed 42 gross (26 net) operated wells flowing at an average initial 24-hour rate of 2,013 Boe per day.
Two of the wells ranked as top ten 30-day rate Bakken wells for the Company, including the Wiley 8-25H (2,289 Boe…
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