Today’s featured Forty Under 40 honoree is John Argo, Continental Resources’ vice president of business development who has helped the Oklahoma City-based oil producer reduce its debt by more than $1 billion.
Continental Resources' total production rose 12% to 332,315 barrels of oil equivalent per day, primarily boosted by higher output at its Bakken shale basin.
Capex cuts cast a pall on future rig utilization while production continues to increase.
Overland Oil & Gas retained EnergyNet for the sale of a package of Williston Basin mineral and royalty assets in North Dakota through an auction closing Nov. 5.
The company reported this week earnings of $81 million, up from $7.3 million in the same quarter last year, and record Permian production.