Continental Resources
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| - | Here is where some info about '''Continental Resources''' should go. This | + | Enid, Oklahoma-based '''Continental Resources''' (NYSE: CLR) is an oil and gas exploration company with operations concentrated in the Rocky Mountain area and in the State of Oklahoma. It is also active in Michigan's [[Trenton-Black River]] play. By year-end 2008, the company was reporting that its net prospective [[Trenton-Black River]] leasehold in Michigan amounted to over 52,000 acres (65,000+ gross). It had 40 square miles of 3-D [[seismic testing|seismic]] covering this acreage. |
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| - | It was reported in August, 2008 that Enid, Oklahoma-based '''Continental Resources''' had drilled several successful oil wells to the [[Trenton-Black River]] formation in rural Hillsdale County, Michigan about 30 miles south-southwest of Jackson, Michigan. One of the wells is located on the McArthur farm off Culbert Road, north of Pittsford. Hillsdale County is the largest oil field in Michigan and is considered an extension of the ''Albion-Scipio'' field. | + | It was reported in August, 2008 that Continental had drilled several successful oil wells to the [[Trenton-Black River]] formation on leases roughly 30 miles south-southwest of the City of Jackson in Hillsdale County, Michigan. One of these wells was located on the McArthur farm off Culbert Road, north of Pittsford. The Hillsdale County field is the largest oil field in Michigan. It is considered to be an extension of the ''Albion-Scipio'' field. |
| - | Other Continental wells in the area include the Anspaugh 1-1 and Wessel 1-6, both drilled in February, 2008 and the Boardman 1-1 and Wessel 26-A, completed in June, 2008. A sixth well was still being flow-tested and may be completed at a later date. All of the wells are off Pittsford and Culbert Roads. | + | Other Continental wells in the area include the Anspaugh 1-1 and Wessel 1-6, both drilled in February, 2008, and the Boardman 1-1 and Wessel 26-A, completed in June, 2008. A sixth well was still being flow-tested at the time of the report, and may be completed at a later date. All of the wells were off Pittsford and Culbert Roads. |
| - | Continental believes the wells are capable of producing up to 5,000 barrels of oil per day, but are limited by Michigan regulations to producing only 110 per day. | + | Continental believed these 6 wells were capable of producing up to 5,000 barrels of oil per day, yet these were limited by Michigan regulations to producing only 110 bbl/d (now 200 bbl/d). According to the company web site, these wells produced 550 gross bbl/d during December, 2008. 3 of the 6 completed wells were capable of producing in excess of the 200 bbl/d regulated flow-rate. A gathering pipeline for these wells was in the process of being built. |
| - | [[seismic testing|3-D seismic testing]] is being undertaken for about 20 square miles of this field during the summer of 2008. | + | [[seismic testing|3-D seismic testing]] was underway for about 20 square miles of this field during the summer of 2008. |
| - | Continental is also developing a large leasehold position in unconventional shale plays including the [[Marcellus shale|Marcellus]] and [[Huron shale|Huron]] shales. During 2008 the company added roughly 325,000 net acres to its leased acreage in shales. Its total shale acreage is almost 1 million acres. | + | Continental was also developing a large leasehold position in unconventional shale plays including the [[Marcellus shale|Marcellus]] and [[Huron shale|Huron]] shales. During 2008 the company added roughly 325,000 net acres to its leased acreage in shales. Its total shale acreage was 1 million acres. |
| - | Richard Straeter is President of Continental Resources’ Eastern Division. | + | * Harold Hamm is Continental's CEO and founder. |
| + | * Richard Straeter is President of Continental Resources’ Eastern Division. | ||
Revision as of 19:28, 24 March 2010
Enid, Oklahoma-based Continental Resources (NYSE: CLR) is an oil and gas exploration company with operations concentrated in the Rocky Mountain area and in the State of Oklahoma. It is also active in Michigan's Trenton-Black River play. By year-end 2008, the company was reporting that its net prospective Trenton-Black River leasehold in Michigan amounted to over 52,000 acres (65,000+ gross). It had 40 square miles of 3-D seismic covering this acreage.
It was reported in August, 2008 that Continental had drilled several successful oil wells to the Trenton-Black River formation on leases roughly 30 miles south-southwest of the City of Jackson in Hillsdale County, Michigan. One of these wells was located on the McArthur farm off Culbert Road, north of Pittsford. The Hillsdale County field is the largest oil field in Michigan. It is considered to be an extension of the Albion-Scipio field.
Other Continental wells in the area include the Anspaugh 1-1 and Wessel 1-6, both drilled in February, 2008, and the Boardman 1-1 and Wessel 26-A, completed in June, 2008. A sixth well was still being flow-tested at the time of the report, and may be completed at a later date. All of the wells were off Pittsford and Culbert Roads.
Continental believed these 6 wells were capable of producing up to 5,000 barrels of oil per day, yet these were limited by Michigan regulations to producing only 110 bbl/d (now 200 bbl/d). According to the company web site, these wells produced 550 gross bbl/d during December, 2008. 3 of the 6 completed wells were capable of producing in excess of the 200 bbl/d regulated flow-rate. A gathering pipeline for these wells was in the process of being built.
3-D seismic testing was underway for about 20 square miles of this field during the summer of 2008.
Continental was also developing a large leasehold position in unconventional shale plays including the Marcellus and Huron shales. During 2008 the company added roughly 325,000 net acres to its leased acreage in shales. Its total shale acreage was 1 million acres.
- Harold Hamm is Continental's CEO and founder.
- Richard Straeter is President of Continental Resources’ Eastern Division.
