Shale production from Oklahoma basins increased 23 percent from the fourth quarter, rivaling North Dakota by nearly a quarter, Continental Resources said. In terms of production, Continental’s output from the Bakken shale in North Dakota was up 4 percent from the fourth quarter and 39 percent year-on-year to an average 135,538 barrels of oil equivalent per day. From the so-called SCOOP basin in Oklahoma, production increased 23 percent from fourth quarter and 70 percent year-on-year for an average 49,882 boe per day. Continental said last year its acreage in the SCOOP basin was a “significant” part of its growth strategy. Data from oil field services company Baker Hughes show 108 active rigs in Oklahoma and all of them are […]