Continental touts Michigan TBR program

Feb. 26, 2008
Continental Resources plans to drill five more wells in the second and third quarters in an Ordovician Trenton-Black River oil and gas play in Hillsdale County, Mich.

By OGJ editors
HOUSTON, Feb. 26 -- Continental Resources Inc., Enid, Okla., plans to drill five more wells in the second and third quarters in an Ordovician Trenton-Black River oil and gas play in Hillsdale County, Mich.

Continental said its McArthur 1-36 discovery well is flowing 260 b/d of oil and has been assigned gross proved reserves of 824,000 boe. A second well, Anspaugh 1-1, encountered similar type pay and is flow-testing 200 b/d.

A third well, Wessel 1-6, is flow-testing at rates as high as 100 bbl/hr during clean-up.

Continental has participated in two nonoperated TBR wells. Young 10-34 had encouraging shows and is awaiting completion, and Clark 1-36 is on test at low rates.

The company owns 29,200 net acres in the TBR play and has shot, processed, and interpreted 11 sq miles of 3D seismic. It plans to shoot 20 sq miles more in March and more later in 2008.