Continental Resources Inc. confirmed the repeatability and growth potential of its new Springer play in the South Central Oklahoma Oil Province (SCOOP) with four new wells drilled in Grady County, Okla. The Oklahoma City-based company estimates the four new wells – which had an average horizontal lateral length of about 4,475 feet – to have estimated ultimate recovery (EUR) of 940,000 gross barrels of oil equivalent (boe) per well in the oil fairway of the play for a well with a 4,500-foot lateral section. The four recent wells were drilled to an average vertical depth of approximately 12,625 feet and average total measured depth of about 17,650 feet. “These individual delineation wells in the play are generating excellent returns, with shallow decline rates compared to other unconventional resource plays,” said Continental Chairman and CEO Harold G. Hamm in an Oct. 23 press statement. “We expect to realize even strong […]