CLR Reports Record STACK Meramec Well -- December 13, 2016

From company press release, headline:

Angus Trust 1-4-33XH Flows at 4,642 Barrels of Oil Equivalent (45% Oil) in 24-Hour Initial Production Test; Located Immediately North of Boden 1-15-10XH Company Raises Expected 2016 Production Exit Rate to 213,000 to 218,000 Barrels of Oil Equivalent per Day

Story:

Continental Resources, Inc. today announced a new company record well in the over-pressured oil window of the Oklahoma STACK play.

The Angus Trust 1-4-33XH produced 4,642 barrels of oil equivalent (boe) per day in a 24-hour test, comprised of 2,088 barrels of oil (bo) and 15.3 million cubic feet (MMcf) of natural gas. During this initial production test, the Angus Trust flowed at 5,200 psi (pounds per square inch). Continental has a 78% working interest in the well. The Angus Trust well is located immediately north of Continental's Boden 1-15-10XH in south central Blaine County.

The Boden produced an initial 24-hour test rate of 3,508 Boe, 28% oil, at a flowing casing pressure of more than 5,000 psi. The Boden was Continental's first completion in the condensate window of the over-pressured STACK. In just over a year, the Boden has produced 591,000 Boe, 26% oil.

The Boden is currently producing 1,815 Boe per day, 22% oil, at a flowing casing pressure of 2,900 psi.

To compare this record IP in the Meramec with the record IP in the Bakken, see FAQ #9. 

From the Whiting 1Q15 transcript: The Flatland Federal 11-4TFH well produced at an initial rate of 7,800 BOEs per day during a 24-hour test of the Three Forks formation, making this the very best well in the basin. The Flatland Federal 11-4HR well produced at an initial rate of 7,100 BOEs per day during a 24-hour test of the Middle Bakken formation.