Monday, December 3, 2012

Continental Raises Bakken Estimates by 57%

Continental Resources has announced the first well in the Williston Basin to yield production from three distinct horizons in the Bakken formation. The company said about 1,000 barrels of oil flowed during a one-day test at its Charlotte 3-22H well in western North Dakota. Continental estimated in 2010 that the Bakken play could yield about 24 billion barrels of oil equivalent, but based on new developments it has raised the estimate by 57 percent. Read more

No comments: