Oklahoma’s STACK and SCOOP plays are dominated by five players – 2nd most active U.S. plays With roughly 31% of active rigs in the U.S. focusing on the Permian, it’s easy to say plays like the Delaware Basin have become the focus of the industry. Despite that, there remains a tremendous potential in the STACK and SCOOP plays, according to
Continental divests North Dakota and Montana assets for $222 million Continental Resources (ticker: CLR) announced the sale of non-core assets today for $222 million. The assets include 68,000 net acres in North Dakota and 12,000 net acres in Montana with 2,800 BOEPD of current production. The assets were sold to an undisclosed buyer, CLR said in their press release. The
Continental Resources CEO Harold Hamm says the company is aiming for balanced growth Oklahoma City-based Continental Resources (ticker: CLR) announced its second quarter earnings this week, reporting increased production guidance for the year, lower production costs, and a $281 million deal to pay down debt. Continental reported a net loss for the quarter totaled $119.4 million, or $0.32 per share.
Heavy hitting U.S. shale producers lower production guidance 10% or more for ‘16 U.S. shale producers are beginning to announce production cuts as the global glut is keeping prices lower for longer. There is a marked difference as companies begin to report their 2016 guidance from this time last year when prices were still in the $40-$50 range. Many U.S.
WTI crude oil prices hold above $29 per barrel, while production remains steady Crude oil prices shot up over 12% last Friday, moving prices up from a 12-year low last week. Comments from The UAE’s Oil Minister Suhail bin Mohammed al-Mazrouei about OPEC being ready for production cuts excited trading, with many hoping OPEC might reprise its role as a
Jack Stark, President and Chief Operating Officer of Continental Resources (NYSE: CLR), presented today at EnerCom’s The Oil & Gas Conference 20®. Continental Resources is an independent oil producer in the United States and is a strong free market advocate in favor of lifting of the domestic crude oil export ban. Based in Oklahoma City, Continental is the largest leaseholder and one of the
