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Continental Resources Discovers Oil in North Dakota
Friday, September 11, 2009 9:51 AM


(Source: Datamonitor)trackingUS-based Continental Resources has announced a significant Lodgepole discovery in Stark County, North Dakota. The Laurine Engel 1, in which the company has 33% working interest, has flowed 463 barrels of oil per day from 10ft of perforations in the Lodgepole formation.

The well was a conventional vertical test drilled to 9,754ft of total depth. Operator for the well is Armstrong Operating. The third partner in the well is Tom Jordan, representing Jordan Oil & Gas Company. The partners plan to drill an offset well later in 2009.

Harold Hamm, chairman and CEO of Continental Resources, said: "This is the first significant Lodgepole discovery in the Dickinson area since the late 1990s. Initial wells targeting the Lodgepole formation were drilled in 1993, and since that time 41 producing wells have yielded 55 million barrels of oil and 28 billion cubic feet of natural gas."

A service of YellowBrix, Inc.



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