Continental Announces Formidable Well Results in the Bakken and the Oklahoma Stack
Though curtailed production in the Williston Basin lowered Continental's third-quarter production, the company still delivered total volumes of 208 mboe/d, surpassing our 204 mboe/d estimate. That translates to a decline of 5% sequentially and 9% relative to the equivalent prior-year period. The firm’s financial results were a hair below expectations, with adjusted earnings per share coming in at negative $0.22 (relative to consensus’ negative $0.15 estimate).In the Stack play (Sooner Trend, An...
Continental Resources is an independent crude oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas mainly in the North, South and East regions of the U.S. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken, and the Red River units. The South region includes all properties south of Nebraska and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province and Sooner Trend Anadarko Canadian Kingfisher areas of Oklahoma. The East region is comprised of undeveloped leasehold acreage east of the Mississippi River.
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