Based in Oklahoma City, is a top 10 independent oil producer in the U.S. Lower 48 and a leader in America. Continental Resources operations unconventional resource plays are located in North Dakota, Montana, Oklahoma, Wyoming and Texas.
The following is an overview of Continental Resources Block 21 located in West Texas. We review the permit, drilling and completions activities relates to full stack development of Block 21.
Block 21 Video Overview
What is a block?
The term “block” typically refers to a designated geographic area used in the organization and regulation of oil and gas drilling activities. The reason it is important to understand “blocks” in West Texas is the full stack development methodology being used by Operators.
What is full stack development?
Full stack development a comprehensive and coordinated method that includes all stages from drilling, completion, production, and possibly midstream operations. This approach aims to optimize each stage, reducing inefficiencies and costs.
What is Block Based Marketing?
Block-Based Marketing (BBM) is a strategic approach to business marketing related to Oil & Gas Operators in which an service companies target a specific Operator and a set of blocks being developed by the Operator. It clusters drilling, completions and facility projects together based on geographic location identified by the block name of number. Clustering can reduce the complexity of large datasets by summarizing the data into fewer groups, making it easier to understand and analyze.
Block 21 Overview
- Wells Drilled – 14 wells drilled YTD
- Sections – four sections related to block 21
- Leases – multiple leases
- Rigs – 5 different rigs
- Completions – two wells completed and one dry well
- Fields – two fields targeted
Well Pad Examples
Continental Resources Rattlesnake lease is a two well pad drilled by Nabors X30 targeting the RUPPEL (WOODFORD) Primary Field. The Rattlesnake lease has a central tank battery the air permit for the battery was approved in April 2024.
Rattlesnake Lease Air Permit
Conclusion
Full stack development a comprehensive and coordinated method by Oil & Gas Operators that includes all stages from drilling, completion, production, and possibly midstream operations. Oil & Gas Service companies can benefit from identifying blocks of land that Operators are applying the full stack development approach buy identifying the buying process related to the development.