Bakken Shale

[dan_s]

I'm now expecting all of our Bakken companies to report significant production growth in the 3rd quarter. The weather was terrible during the first half of this year, causing delays in getting wells completed and many wells to be shut-in because trucks could not get in to empty the tanks.

These comments are from CLR.

The Company accelerated production growth since early June. Continental estimated that July 2011 production was 61,000 net Boepd and that it averaged 62,000 Boepd in the last seven days of July.

“We’ve regained our momentum, as evidenced by production of 61,000 Boepd in July,” said Harold Hamm, Chairman and Chief Executive Officer. “Our Bakken team and vendors did a tremendous job in May and June adapting to road closings and building gathering systems to ship oil and natural gas directly from completed well sites.”

Continental currently has 46 gross (25 net) Bakken operated wells waiting to be completed or in the completion stage. This is approximately 50 percent more than normal levels and reflects deferred production due to abnormal weather in the second quarter.