Continental Resources (CLR) released its fourth quarter of 2009 operations report for the Bakken Shale. The company currently has 483,000 net acres under lease that are prospective for the Bakken Shale.
Continental Resources completed 17 gross wells (6.3 net) in the fourth quarter of 2009 on its acreage in North Dakota. These wells produced an average 980 BOE (barrels oil equivalent) during the initial seven day production periods. This was up sequentially from the previous quarter.
Continental Resources also targeted the Sanish/Three Forks formation in North Dakota during the quarter, and completed the following wells:
Hendrickson 1-36H - McKenzie County – 1,990 BOE
Simmental 1-21H - McKenzie County – 1,271 BOE
Hartman 1-28H - Dunn County – 1,225 BOE
Tande 1-23H - Williams County – 1,148 BOE
Schroeder 1-34H - Divide County – 915 BOE
Cuskelly 1-7H - Dunn County – 901 BOE