CLR Reports a Red River Well -- Bakken, North Dakota, USA

November 8, 2010: Permit # 16064, 72, CLR, MPHU 44-9, Medicine Pole Hills, 9-130-104. This is a "Medicine Pole Hills unit in the Cedar Hills field.

Look how old that permit is, 16064; granted in 2005, I assume.

Click here for CLR's discussion of Red River units. I think this might surprise newbies. It certainly surprised me.

CLR's Red River Units comprise a portion of the Cedar Hills field, listed by the Energy Information Administration in 2008 as the 7th largest onshore, lower 48 field in the United States, ranked by liquid proved reserves. The Cedar Hills field is in the far southwestern part of North Dakota, far northwestern corner of South Dakota, and west central Montana along the border abutting North and South Dakota.

How important are the Red River units to CLR?

• CLR production from the Red River units accounted for 38% of Continental's production in 4Q09.
• The Red River units accounted for 21% of CLR's year-end 2009 proved reserved.