Continental Resources (CLR) reported an update on its Niobrara operations during the fourth quarter of 2011. The company has four wells in various stages of completion.
The Staudinger 1-31H is the most recent well and is currently producing 461 barrels of oil equivalent (BOE) per day, including 431 barrels of oil.
Continental Resources said that the Marconi 1-1H well is currently producing 150 barrels of oil per day and the Perrin 1-10H and Hahn 1-4H Niobrara wells were put on artificial lift. The company plans to report initial production results on these wells later in 2012.
Continental Resources plans to operate one rig in the Niobrara in 2012, drilling on both 640 and 1,280 acre spacing.
