Oklahoma Operator News: A Closer Look at Continental's "Record STACK Meramec Well"
Continental Resources announced a record STACK Meramec Well on 12/13/2016. Since the announcement did not contain any visuals or location details wanted to reproduce with the well forms and well maps attached. Disclaimer: The content noted below was copied directly from Continental’s Press Release, and the CLR company maps are from their STACK/SCOOP Presentations.
OKLAHOMA CITY, Dec. 13, 2016 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) (the "Company") today announced a new Company record well in the over-pressured oil window of the Oklahoma STACK play.
The Angus Trust 1-4-33XH produced 4,642 barrels of oil equivalent (Boe) per day in a 24-hour test, comprised of 2,088 barrels of oil (Bo) and 15.3 million cubic feet (MMcf) of natural gas. During this initial production test, the Angus Trust flowed at 5,200 psi (pounds per square inch). Continental has a 78% working interest in the well.
The Angus Trust well is located immediately north of Continental's Boden 1-15-10XH in south central Blaine County.
Surface Location: 04-14N-12W
Bottom Hole: 33-15N-12W
The Boden produced an initial 24-hour test rate of 3,508 Boe, 28% oil, at a flowing casing pressure of more than 5,000 psi. The Boden was Continental's first completion in the condensate window of the over-pressured STACK. In just over a year, the Boden has produced 591,000 Boe, 26% oil. The Boden is currently producing 1,815 Boe per day, 22% oil, at a flowing casing pressure of 2,900 psi.
"The Angus Trust is another tremendous STACK Meramec well," said Harold Hamm, Chairman and Chief Executive Officer. "Aside from being a Company record well, it further validates our perspective of the extent of the over-pressured oil window."
The Company estimates its total completed well cost for the Angus Trust is $8.9 million, approximately 30% less than the Boden. The Angus Trust's 9,500-foot lateral was completed in 36 stages, with 20 million pounds of white sand, similar to the Boden.
For more information, please visit www.CLR.com.