Thursday, June 28, 2018

A Reminder: CLR Sets A Bakken Record? -- June 28, 2018

A reminder to folks. Be ready to see the NDIC data on these wells; the data should be released any day now.

See this post: CLR sets a Bakken record?

Comment from a reader regarding those production numbers:
Those numbers come straight from the check stubs. Also of interest, the gross revenue on the two wells totaled about $9.95 million. This was before taxes and royalties, but it still shows that these wells will pay out for Continental after only a few months.
By the way, these are just the first two wells of almost a dozen that are going to be reported very, very soon. This will get the attention of the Saudis.