Continental Resources (CLR) - Bakken Shale

By Tim - http://oilshalegas.com

November 6, 2011 - Continental Resources, Inc. (NYSE:CLR) recently gave an update on the Bakken Shale and Three Forks Play. Continental Resources, Inc. (CLR) is the leader in the Bakken Formation with over 900,000 acres of mineral rights leases.

The Company successfully completed the Charlotte 2-22H (91% WI) in McKenzie County, North Dakota, in October 2011, with the well producing 1,140 gross Boepd in its initial one-day test period. This is the Company's first horizontal test of a deeper bench in the Three Forks formation.

In terms of Company-operated wells, Continental completed 46 gross (24.5 net) wells in the Bakken in the third quarter. Average initial one-day test period production was 1,096 Boepd for the Company's operated wells in the third quarter. The Company currently has 45 gross operated wells in various stages of completion. Of these, 20 are scheduled to be fracture-stimulated, and 25 have been fracked and are being readied to go into production.

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Dunn County, ND: Bakken Shale Update

By Andrea: http://oilshalegas.com

Recently, Continental Resources Inc. (CLR) completed 4 wells located in Dunn County, ND:

Among Continental's operated wells completed in the third quarter of 2010 were the four wells in its first ECO-Pad(R) project - Hegler 1-13H and 2-13H (83% WI) and Arthur 1-12H and 2-12H (94% WI) in Dunn County. Continental's ECO-Pad concept involves drilling paired wells in adjoining 1,280-acre spacing units. The ECO-Pad concept involves drilling the first pair of parallel wells to target the Middle Bakken zone and the Three Forks zone in the first unit, separated vertically by about 50 feet and horizontally by 660 feet. The second pair of wells duplicates this pattern in the adjoining spacing unit.

All four wells are drilled from a single drilling pad, which reduces surface footprint. The Arthur and Hegler wells in the first ECO-Pad project had a one-day test production rate total of 4,359 Boe, for an average of 1,090 Boepd per well.

"Production rates and wellbore pressures clearly indicate that the Middle Bakken and Three Forks zones are isolated from one another, confirming our expanded view of the North Dakota Bakken's potential," Mr. Hamm said. "We are producing these wells under restriction to conserve the energy resource and minimize flaring.

"This is clearly the technology approach to take as we move into full-scale development," Mr. Hamm said.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Grady County, OK: Woodford Shale Update

By Andrea: http://oilshalegas.com

Continental Resources Inc. (CLR) recently released an update on the Woodford Shale stretching from Dewey County, OK through Grady County, OK:

Continental also announced that it recently completed a strong confirmation well in the Southeast Cana area of the Anadarko Woodford play in Oklahoma in the third quarter of 2010. The Dana 1-29H flowed at 2.5 MMcfpd natural gas (million cubic feet per day) and 88 Bopd (barrels of oil per day) in its initial one-day test period. This was Continental's third and most productive test well completed in the southeastern portion of the Anadarko Woodford play, validating the productivity and scope of the play from Dewey County in the northwest through Canadian County to Grady County in the southeast, a span of approximately 100 miles.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Continental Resources: Bakken Shale Update

By Andrea: http://oilshalegas.com

Continental Resources Inc. (CLR) announced the completion of 26 Company-operated gross wells (16.4 net) in the North Dakota Bakken play in the third quarter of 2010, with an average one-day production test of 995 Boepd (barrels of oil equivalent per day). These wells, with their one-day test results, included:

* Bonney 2-3H (43% WI) in Dunn Co. - 1,765 Boepd;
* Roadrunner 1-15H (56% WI) in Dunn Co. - 1,722 Boepd;
* Rollefstad 2-3H (73% WI) in McKenzie Co. - 1,714 Boepd;
* Medicine Hole 2-27H (43% WI) in Dunn Co. - 1,702 Boepd;
* Mack 2-2H (74% WI) in McKenzie Co. - 1,471 Boepd;
* Ravin 1-1H (59% WI) in McKenzie Co. - 1,300 Boepd;
* Howard 1-5H (52% WI) in Divide Co. - 1,201 Boepd;
* Bjella 1-24H (41% WI) in Williams Co. - 1,029 Boepd.

Among Continental's operated wells completed in the third quarter of 2010 were the four wells in its first ECO-Pad(R) project - Hegler 1-13H and 2-13H (83% WI) and Arthur 1-12H and 2-12H (94% WI) in Dunn County. Continental's ECO-Pad concept involves drilling paired wells in adjoining 1,280-acre spacing units. The ECO-Pad concept involves drilling the first pair of parallel wells to target the Middle Bakken zone and the Three Forks zone in the first unit, separated vertically by about 50 feet and horizontally by 660 feet. The second pair of wells duplicates this pattern in the adjoining spacing unit.

All four wells are drilled from a single drilling pad, which reduces surface footprint. The Arthur and Hegler wells in the first ECO-Pad project had a one-day test production rate total of 4,359 Boe, for an average of 1,090 Boepd per well.

"Production rates and wellbore pressures clearly indicate that the Middle Bakken and Three Forks zones are isolated from one another, confirming our expanded view of the North Dakota Bakken's potential," Mr. Hamm said. "We are producing these wells under restriction to conserve the energy resource and minimize flaring.

"This is clearly the technology approach to take as we move into full-scale development," Mr. Hamm said.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Dewey County, OK: Woodford Shale Update

By Andrea: http://oilshalegas.com

Continental Resources Inc. (CLR) recently released an update on the Woodford Shale stretching from Dewey County, OK through Grady County, OK:

Continental also announced that it recently completed a strong confirmation well in the Southeast Cana area of the Anadarko Woodford play in Oklahoma in the third quarter of 2010. The Dana 1-29H flowed at 2.5 MMcfpd natural gas (million cubic feet per day) and 88 Bopd (barrels of oil per day) in its initial one-day test period. This was Continental's third and most productive test well completed in the southeastern portion of the Anadarko Woodford play, validating the productivity and scope of the play from Dewey County in the northwest through Canadian County to Grady County in the southeast, a span of approximately 100 miles.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com