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Tag Archives: continental resources

Why selling crude oil to China is good for America

exports, Bakken, china

Continental Resources, Inc. recently announced its first-ever sale of Bakken oil specifically for delivery overseas. Continental Resources has sold 1,005,000 barrels of crude oil for November delivery to Atlantic Trading and Marketing (“ATMI”), which intends to export the oil to China. “This is a historic day for Continental and begins a new chapter in our long-term strategy to establish multiple ...

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Continental Resources plans to complete 29 Bakken wells

energy, 2016, year in review

Continental Resources’ Bakken production averaged nearly 108,000 b/d of oil equivalent in the third quarter of 2016, down 14% or more than 17,000 boe/d from the previous quarter, but the Oklahoma City-based producer plans to boost production in its North Dakota and Montana plays before the end of the year. “We’ve begun harvesting our valuable Bakken inventories,” Harold Hamm, Continental’s ...

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Harold Hamm endorses Donald Trump for president

harold hamm endorses donald trump

On Friday Continental Resources CEO Harold Hamm endorsed Donald Trump for the 2016 Presidential Race, according to Reuters. Hamm, a shale industry pioneer and Mitt Romney’s 2012 energy adviser, called the real estate mogul a “business leader’s candidate” and that Trump has the “fortitude to make tough decisions.” In a public letter, Hamm wrote, “The next president of the United ...

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Oklahoma fracking site damaged by fire

Oklahoma fracking site damaged by blaze

A fire at an Oklahoma hydraulic fracturing operation caused more than $20 million in damage, authorities said. The fire started about 4 p.m. Wednesday at a Continental Resources site in Grady County, Okla. According to a diagram from the University of Kansas, the fracking pumps caught fire and all trucks connected by piping caught fire. The blaze burned 22 trucks, ...

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Fire crews are battling an oil rig fire in Oklahoma

CHICKASHA, Okla. — Firefighters in Oklahoma are battling a fire on an oil rig. Authorities say the oil rig is about 6 miles east of Chickasha. Video of Wednesday’s blaze showed a large plume of thick black smoke rising from the rig. The Oklahoma Department of Transportation says nearby roads are closed because of the smoke. Department spokesman Cody Boyd ...

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$4 billion ND petrochemical plant to receive Continental produced ethane

A $4 billion petrochemical plant, plans for which were unveiled last fall, has entered into a supply agreement with one of North Dakota’s biggest oil players, reports the Forum News Service (FNS). Denver-based Badlands NGL said in a news release that it has entered into a “precedent agreement” with Continental Resources to supply the proposed plant with ethane gas, a ...

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Top 5 Bakken stories of the week

In case you missed them, here are the top five stories from Bakken.com for the week of September 5th through September 11th. Enjoy! 5. Regional Bakken economy beginning to stabilize Hotel rentals, the flow of sewage and drilling are all down in the North Dakota oil patch, but the mood regarding the continued growth of Williston’s economy is optimistic, reports ...

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Again? Continental Resources cuts budget, Bakken rig count

Continental Resources, North Dakota’s second largest oil producer, announced that it will be cutting its budget for 2015 yet again amidst the persisting slump in oil prices. However, the company does anticipate continued production growth. As reported by Reuters, last year Continental CEO Harold Hamm cancelled all of the company’s oil hedges. He called Saudi Arabia, the de facto leader ...

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