Interview: Warren Henry, Continental Resources
There is a new oil play in America – The STACK. Henry talks about hottest oil play in on shore drilling happening in Oklahoma. According to Henry, the STACK is the only oil play that has added rigs in the past 6 months.
Henry also explains how the Bakken is now a price play, with a technology caveat.
Other highlights from the interview:
- An overview of the counties in Oklahoma where rigs are added.
- How it differs from the Bakken oil fields
- Record numbers from The Verona 1-23-14XH, an initial 24-hour test rate of 3,339 barrels of oil equivalent per day, comprised of 2,345 barrels of oil, or 70% of production, and 6.0 million cubic feet of 1,370-Btu natural gas (British thermal units).
- How a five-dollar uptick in oil prices could make the Bakken more economic
Continental Resources (NYSE: CLR) is a top 10 independent oil producer in the U.S. Lower 48 and a leader in America’s energy renaissance. Based in Oklahoma City, Continental is the largest leaseholder and one of the largest producers in the nation’s premier oil field, the Bakken play of North Dakota and Montana. The Company also has leading positions in Oklahoma, including its SCOOP Woodford and SCOOP Springer discoveries and the STACK and Northwest Cana plays. With a focus on the exploration and production of oil, Continental has unlocked the technology and resources vital to American energy independence and our nation’s leadership in the new world oil market. In 2016, the Company will celebrate 49 years of operations. For more information, visit www.CLR.com.
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