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Continental Resources Happy With 175,000 Cana-Woodford Acres


Continental is another operator with extensive acreage in the emerging Cana-Woodford shale, about 175,000 net acres.  The Cana-Woodford is in the Anadarko Basin in NW Oklahoma, as opposed to the Arkoma Woodford to the East.  I believe most of the Arkoma is lean gas but the Cana has the potential for liquids and NGLs.  Devon used an 11 Bcf type curve to describe its production in this area.

Continental has completed two wells in Dewey County within four miles of each other, both were strong producers.  According to Continental, there are currently 21 active rigs in the play.  They will be increasing their overall Anadarko Basin rig count from 3 to 7 by YE2010.

This map shows Cana-Woodford producers since 7/1/2009 and is colored by their maximum monthly production.  Many of these wells range up to 5,000+ Mcf/d, with the top well at 8,332 Mcf/d.  These figures do not count NGLs or liquids produced.  Even with the current NGL market down, they still have a positive impact on well economics.

Check the Woodford Shale Drillinginfo Unconventional Update for more things Woodford.

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