Continental Resources has signed a memorandum of understanding (MOU) with Venezuela’s state-owned PDVSA to operate and develop the Ayacucho 2 block in the Orinoco Oil Belt, marking the U.S. independent’s entry into Venezuela. The 126,000-acre block in Anzoátegui state is estimated by Continental to contain approximately 30 billion barrels of oil resource in place. Continental […]
Continental Resources has agreed to acquire FireBird Energy II LLC, adding approximately 32,000 boed of oil-weighted production and expanding the company’s position in the Permian basin. FireBird, a portfolio company of Quantum Capital Group, holds approximately 54,000 net acres in the Midland basin adjacent to Continental’s existing operations. Current production is 69% oil, and the acquired assets include 307 gross […]
Continental Resources remained the largest private oil and gas producer in the United States, according to Enverus‘ latest annual ranking of the nation’s top 100 private E&P operators. The company topped the list with average production of approximately 707,000 boed, followed by Mewbourne Oil at 575,000 boed and Aethon Energy at 443,000 boed. Ascent Resources and Hilcorp rounded out the top five, with no changes […]