Continental Resources unveiled results of the Springer Shale on Thursday, a new Oklahoma oil play that could help boost the state’s already growing production to levels not seen in decades. The Springer, chiefly sited in Grady and parts of Garvin counties at 12,500-foot depths, is yielding top-notch initial output rates and economic returns, company managers said Thursday in webcast remarks during Continental’s 2014 Analyst Day in Oklahoma City. The company’s results in the Springer, combined with its own and the industry’s mounting production at the South Central Oklahoma Oil Play and output from other formations in the state’s subsoil, is adding to Oklahoma’s already mounting production of 345,000 b/d in June, according to US Energy Information Administration data. “Oklahoma could potentially become the nation’s [third-highest] oil-producing state,” Continental CEO Harold Hamm said in opening the 2014 event, its first such investor gathering in two […]