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Shale King Returns to Fracking Wells After Oil Rallies to $50
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Shale King Returns to Fracking Wells After Oil Rallies to $50
Published:
Jun 10 2016
Tweet
Courtesy of: Bloomberg.com
Continental Resources Inc. is fracking again. Crude almost doubled in the past four months to more than $50 a barrel, enough for Continental to dispatch fracking crews to unfinished wells in the Bakken shale region, where the Oklahoma City-based driller is the largest operator, Chairman and Chief Executive Officer Harold Hamm said in interviews with Bloomberg News and Bloomberg TV in New York on Thursday. Those wells had been left uncompleted as swooning crude prices last year forced explorers to halt projects to conserve shrinking cash flows.
read more at:
http://www.bloomberg.com/news/articles/2016-06-09/continental-fracking-unfinished-oil-wells-after-rally-to-50