"It will have to be cost competitive with the pipelines of those come on and reach the major refining centers," Continental chief executive Rick Bott said today.
The net back to the well is nice translating down to the bottom line," Bott
The company produced 76,909 b/d of oil equivalent (boe) in the North Dakota Bakken
in the second quarter.
Total crude production averaged 96,029 b/d, which included output from the Montana Bakken
The company's development in the company's South Central Oklahoma Oil Province (Scoop) area has yielded 30-80pc in rates of return, making it comparable with the Bakken, Bott
Net output from that region rose by 23pc to 17,550 boe/d, making it the second-highest producing area in which Continental