Continental Resources

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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.

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.

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.

3-D seismic testing is being undertaken 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 and 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.

Richard Straeter is President of Continental Resources’ Eastern Division.