Continental Resources sees higher production in the Bakken Shale play:
Production growth in the Bakken continued to trend higher in the second quarter of 2010, accounting for 43 percent of the Company’s total production. Bakken production was 18,242 Boepd in the second quarter of 2010, an increase of 37 percent over the second quarter of 2009.
Continental reported a 93 percent increase in its North Dakota production, compared to the second quarter of 2009. The Company participated in completing 49 gross wells (13.0 net) in North Dakota in the second quarter of 2010. Initial production rates averaged 1,265 Boepd during single-day test periods.
In terms of Company-operated wells, Continental completed 22 gross operated wells during the quarter, including 14 wells that targeted the Three Forks formation and eight wells targeting the Middle Bakken zone.