Continental Surges After Tapping Deeper Layer of Bakken
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Continental Resources Inc., the largest owner of U.S. Bakken Shale leases, drilled the first successful well in a geological layer more than two miles beneath the surface.
Continental’s Charlotte 3-22H well extracted crude from a deeper section of the Bakken’s Three Forks zone than any company has tapped before, the Oklahoma City-based explorer said in a statement today. The well in McKenzie County, North Dakota, was drilled more than 11,600 feet (3,536 meters) into the ground before veering sideways for 9,701 feet.