Title : CLR Shows "Major" Improvement In Oil Production -- Filloon -- December 26, 2017
link : CLR Shows "Major" Improvement In Oil Production -- Filloon -- December 26, 2017
CLR Shows "Major" Improvement In Oil Production -- Filloon -- December 26, 2017
Over at SeekingAlpha:- CLR continues to better stimulation and increase sand and fluids usage
- well design has increased production per foot significantly and this should continue into 2018
- CLR is well positioned as higher oil prices and lower Bakken differential improve economics
- Banks field has the best oil curve. It is followed by Camp, Camel Butte, and Elm Tree. Elm Tree and Sanish field account for 35 completions.
Continental Resources, Inc. has had a number of very good results in the Bakken since the beginning of 2016.
Better stimulation techniques coupled with increased volumes of sand and fluids continue to improve completions.
We pulled the production data of 88 CLR Bakken locations turned to sales after January 1 of 2016. The results were quite good. A number of locations topped 200 KBO, and one did this in seven months. Two horizontals produced over 350 KBO in 14 months. 74 of the 88 completions had laterals of at least 9,000 feet.
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