Continental Resources Inc. reported production increases across the board, including a surge in the Midcontinent, and said plans are on track to reduce debt sharply by year’s end.

The Oklahoma City-based independent reported 4Q2018 production of 324,001 boe/d, up 12.9% from the year-ago quarter and 9.1% sequentially. Broken down by play, production in the Sooner Trend of the Anadarko Basin mostly in Canadian and Kingfisher counties, aka the STACK, surged to 62,947 boe/d, up 31.4% from the year-ago quarter and 12.1% sequentially. Production from the Bakken Shale averaged 183,836 boe/d in 4Q2018, up 11% from the year-ago quarter and 9.7% sequentially.

Meanwhile, production in the South Central Oklahoma Oil Province, aka the SCOOP, was 67,244 boe/d in 4Q2018, up 8% from 4Q2017 and 6.3% sequentially.

Production from Project SpringBoard, a multi-year program to develop oil and liquids-rich assets in Oklahoma’s stacked reservoirs, averaged 67,244 boe/d in 4Q2018, up 8% from the year-ago quarter and 6% sequentially. Continental said it currently has 45 gross operated wells in SpringBoard awaiting completion, 18 of which target the Springer Shale and 27 targeting the Woodford Shale and the Sycamore formation. (by Charlie Passut, NGI’s Shale Daily)

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