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Unconventional Yearbook 2018

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24 | January 2018 | hartenergy.com 2018 UNCONVENTIONAL YEARBOOK | KEY PLAYERS was expected to close in third-quarter 2017, accord- ing to a press release. In July 2017 the company sold its San Juan Basin assets to an affi liate of Hilcorp Energy Co., a press release stated. In September 2017 ConocoPhillips sold its Pan- handle assets for $184 million to an undisclosed buyer, according to a company press release. Continental Resources ■ Reported 112.4 Mboe/d in the Bakken in the second quarter ■ Planned to exit 2017 with about 160 gross operated DUC Bakken wells Continental Resources operates in the Bakken in North Dakota and the Stack and Scoop plays in Oklahoma. The company reported year-end 2016 proved reserves of 1,275 MMboe, according to a company chart. In second-quarter 2017 the company reported 112,397 boe/d in North Dakota's Bakken, 7,464 boe/d in Montana's Bakken, 61,107 boe/d in the Scoop and 31,934 boe/d in the Stack, according to Continental's second-quarter 2017 results report. The company had 100 gross (38 net) operated and nonoperated Bakken wells completed during the second quarter and had 205 gross operated drilled but uncompleted (DUC) wells as of June 30. The company expected to exit 2017 with a DUC inventory in the Bakken of about 160 gross oper- ated wells, including about 35 already stimulated with fi rst production expected in 2018, according to the report. The company had 36 gross (12 net) operated and nonoperated Stack wells completed during the second quarter, the report stated. By the end of August, the company expected to have nine oper- ated rigs in the play, with seven rigs targeting the Meramec Formation and two targeting the Wood- ford Formation. Continental also had 8 gross (2 net) operated and nonoperated wells completed during the sec- ond quarter. As of Aug. 8, 2017, the company had fi ve operated drilling rigs working in the Scoop, tar- geting the Springer, Sycamore and Woodford for- mations, the report stated. As of Aug. 8, 2017, Continental Resources had fi ve operated drilling rigs working in the Scoop, targeting the Springer, Sycamore and Woodford formations. (Photo courtesy of Continental Resources)

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