Continental Resources Announces Acquisition.ENID, Okla.--(BUSINESS WIRE)--Sept. 21, 1998--Continental Resources, Inc. (CRI CRI constant-rate infusion. ) and its President and Chief Executive Officer Harold Hamm have acquired 100 percent of the producing and non-producing oil and gas properties in the Worland Field of the Big Horn Big Horn is a tall peak in the Cascade Range in Washington, USA. At 2438+ meters (8,000 feet) in elevation, it is the highest point in Lewis County, Washington.[1] Big Horn, one of the Goat Rocks, is the second highest point on the ridge west of Mt. Basin in northern Wyoming, formerly owned by Bass Enterprises. The combined acquired interests include 70,000 net leasehold acres, on which are located 292 producing wells, with added reserves of more than 64 MMBoe. Based on 1997 rankings by the Rocky Mountain Oil Journal, the acquired 4,388 bopd in gross production makes Continental and Hamm the fourth largest oil producer in the Rocky Mountains Rocky Mountains, major mountain system of W North America and easternmost belt of the North American cordillera, extending more than 3,000 mi (4,800 km) from central N.Mex. to NW Alaska; Mt. Elbert (14,431 ft/4,399 m) in Colorado is the highest peak. . "Since the acquisition, we already have substantially reduced operating costs operating costs npl → gastos mpl operacionales for the properties, and have signed a marketing contract to increase wellhead well·head n. 1. The source of a well or stream. 2. A principal source; a fountainhead. 3. The structure built over a well. wellhead Noun 1. prices significantly," Hamm said. He also reported the company has recompleted the Cottonwood Creek Federal No. 2-1 in Washakie County, Wyoming Washakie County is a county located in the U.S. state of Wyoming. As of 2000, the population is 8,289. Its county seat is Worland6. History Washakie County was organized in 1911 and named after the head chief of the Shoshone people, Chief Washakie, who became . The natural completion into the Frontier Sand flow tested at 2,148 mcfd, with a calculated open flow of 6,398 mcfd, and is producing from an interval between 6,910-6,918 feet. This well completion is the company's first in a multi-phase development plan of the Worland Field. Continental Resources, Inc. (CRI) is an independent oil and gas company based in Enid, Okla. that engages in the development, exploitation, exploration and acquisition of oil and gas reserves. CRI also is involved in natural gas marketing, gas pipeline construction and gas processing businesses. For more information, see our website at www.contres.com. |
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