Subscribe free to our newsletters via your
. Nuclear Energy News .




OIL AND GAS
Head of Bakken player Continental pursuing 'other options'
by Daniel J. Graeber
Oklahoma City (UPI) Sep 12, 2014


disclaimer: image is for illustration purposes only

The head of Continental Resources, the largest player in North Dakota shale, is leaving to pursue his options elsewhere, the company said.

Continental announced President and Chief Operating Officer Rick Bott had resigned "to pursue other options."

When releasing its second quarter results in August, the company said net production from the Bakken field, spread out over much of North Dakota and Montana, totaled 108,573 barrels of oil equivalent per day during the second quarter, a 23 percent increase year-on-year.

The company boasted that cumulative oil production from the Bakken reserve reached the 1 billion barrel mark at some point during the first quarter. Quarterly profits for the second quarter, however, were down 68 percent.

Chairman and Chief Executive Office Harold Hamm said the company is ahead of its five-year plan to triple production by 2017, drawing on Bakken and its shale reserves in other western states.

"Continental continues its industry leading, oil-concentrated growth and the depth of our bench lends itself to an expansion in the operating management of the company," he said Thursday. "Continental continues on the dynamic path that we have followed for nearly half a century, and the best is yet to come."

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
IEA cuts oil demand outlook on weaker growth in Europe, China
Paris (AFP) Sept 11, 2014
The oil market has lost pace because of weak growth in Europe and slowdown in China, the IEA said on Thursday, cutting its estimates for demand. The growth in demand for oil this year and next will be markedly lower than expected, the IEA said, and this together with plentiful supply explains why the price of oil has fallen recently below $100 per barrel. "The recent slowdown of demand g ... read more


OIL AND GAS
3D imaging may improve understanding of biofuel plant materials

Ethanol fireplaces: the underestimated risk

ACCESS II Confirms Jet Biofuel Burns Cleaner

Scientists create renewable fossil fuel alternative using bacteria

OIL AND GAS
SolarBOS Announces Solutions for String Inverters

Cree SiC MOSFETs Help Power Japan's Growing Solar Energy Infrastructure

Solar Capacity in Central America to Surge

X-ray imaging paves way for novel solar cell production

OIL AND GAS
Wind Turbines Outperforming Expectations at Honda Transmission Plant

Stealth wind turbines to become operational in France in 2015

EU calls for study of 2020 renewable energy targets

Go green and prosper, British government says

OIL AND GAS
IRENA: Outdated thinking curbing green energy momentum

Zimbabwe launches $500-mln power units to ease energy woes

Existing power plants will spew 300 billion more tons of carbon dioxide during use

Yale Journal Explores Advances In Sustainable Manufacturing

OIL AND GAS
Scottish scientists make 'tremendously important' breakthrough in water to hydrogen production proce

Plugged-in to the future

First-ever look inside a working lithium-ion battery

Clean coal key to combating climate change: Rio Tinto

OIL AND GAS
First evidence for water ice clouds found outside solar system

NRL Scientist Explores Birth of a Planet

How NASA's New Carbon Observatory Will Help Us Understand Alien Worlds

Orion Rocks! Pebble-Size Particles May Jump-Start Planet Formation

OIL AND GAS
Israeli Navy awaits arrival of new submarine

CACI continues logistics support for Navy's LCS program

Brazil, Angola sign memo on patrol boats

Italian shipbuilder hands over new vessel to Algerian Navy

OIL AND GAS
Flash-Memory Reformat On Opportunity Underway

Mars Rover Opportunity's Vista Includes Long Tracks

MAVEN Spacecraft Makes Final Preparations For Mars

Robots do battle over Mars exploration




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.