Continental Resources' 2011 Q1 report show strong growth. CLR reports production numbers of 51,663/boepd for 1st qtr. CLR's rapid acceleration has warranted the companies move to Oklahoma City in 2012.
CLR's Bakken play continues to make increases with oil production up 67% from a year ago. The Williston Prospect, in which CLR has approximately 110,000 net acres, has some promising numbers in initial production tests. CLR has also drilled several multi-well ECO pads that will be completed in Q2. As of 3/31/11 CLR posted 868,900 net acres in the Bakken play w/ 22 rigs in ND and 2 in MT.
CLR has continued growth in the Oklahoma Anadarko Woodard play. Initial production production results continue to improve. In the Oklahoma Woodford CLR has 324,000 net acres leased and 10 rigs.
In the Niobrara, CLR has drilled and fractured the Newton 1-4H in Weld County. CLR currently has 83,100 net acres in the DJ Basin.
Thursday, May 5, 2011
Tuesday, May 3, 2011
ONEOK announced plans too build new Natural Gas pipelines
ONEOK could invest up to $1.2 billion to construct new infrastructure for natural gas liquids between Mid-Continent and Gulf Coast markets.
ONEOK Announcement
ONEOK Announcement
Chesapeake readies shale sale
Even as Chesapeake buys up Bronco Drilling, they are making plans to put major acreage on the selling block in hopes to cut debt. CEO McClendon has stated that the company is looking for a joint venture in the Utica play. With the prospect of a partner sitting out there Chesapeake still looks to up the anti in both the Utica and Mississippian plays by nearly doubling the rig count in both areas.
Chesapeake readies shale sale - Upstream Online
Chesapeake readies shale sale - Upstream Online
Monday, May 2, 2011
Southern Bay begins drilling in Fayette County
Southern Bay, GeoResources' southern division subsidiary, is drilling a well to a TD of 10,500 feet in Fayette County to target Eagle Ford Shale.
Southern Bay in Fayette County
Southern Bay in Fayette County
ONEOK to Present at the AGA Financial Forum
ONEOK, Inc will present at the American Gas Association Financial Forum on Monday, May 16, 2011 in Orlando, FL. (11:15 am EDT)
Further information at www.oneok.com
Further information at www.oneok.com
UPDATE- Delek US Holdings announced completion of purchase of Lion Oil
Delek US Holdings announced April 29, 2011 that is had completed the purchase of a 53.7% majority equity interest in Lion Oil Company, giving Delek a total interest of 88.3%. More information on the sale will be provided on the conference call and web cast May 5, 2011 at 11:00 am CT on www.DelekUS.com .
Enbridge puts out $175 million to Expand infrastucture in Haynesville Shale
Enbridge will invest $175 million to expand its East Texas system. The partnership has signed agreements that would bring gathering, treating, and transmission services to Shelby, Sabine, San Augustine, and Nacogdoches counties. Expanding Haynesville Shale Infrastructure
Breitling Spuds Tx. Well to Test Upper Frio-aged Oil
Breitling drills in San Patricio County, TX as a continuation of development in its Gulf Coast Onshore Initiative.
Breitling-Salsa #1
Breitling-Salsa #1
Southwestern Energy better then expected in Fayetteville Shale
Southwestern Energy's Fayetteville Shale pulls Q1 earnings up for the rest of the production areas. The shale play in north-central Arkansas, was stronger then expected and prompted SWN to increase capital investments for 2011. This increase will result in 30 additional wells drilled in the Fayetteville Shale.
SWN conference call transcripts for 2011 Q1
SWN conference call transcripts for 2011 Q1
Bakken producers take another hit
Just when it looked like producers in the Bakken region were reading to hit the ground running for the warm months, mother nature throws a wrench. Blizzard stops Bakken
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