Last week, Continental Resources’ President Jack Stark updated investors, including a look at the company’s scoop play Springboard Project in Oklahoma. Stark said everything remains on track with the project, which should boost the company’s oil production by about 10% from third quarter 2018 to this year’s third quarter. Hart Energy’s Velda Addison has all the details of last week’s update.
Earlier we sat down in Oklahoma City with Tony Barrett, Continental’s vice president of exploration to talk about Springboard and why it is a step-change for the industry.
Negative oil futures aren’t the only drag on deals. History, replete with examples of how to deal with bad times, is being made right now.
Victerra Energy retained EnergyNet for the sale of a Permian Basin/Wolfcamp Shale package located in Reeves County, Texas, through an auction closing June 10.
Merit Management Partners IV LP retained EnergyNet for the sale of a 190-well package across Oklahoma's Dewey, Ellis, Roger Mills and Woodward counties through an auction closing June 10.