OKLAHOMA CITY, April 26, 2018 /PRNewswire/ — Continental Resources, Inc. (NYSE: CLR) today announced the execution of a firm transportation agreement on Enable Midstream Partners’ (NYSE: ENBL) Project Wildcat. Project Wildcat will provide Continental Resources 400 million cubic feet per day (MMcf/d) of additional takeaway capacity from its properties in the SCOOP and STACK plays in Oklahoma. Project Wildcat will provide Continental direct access to premium markets, including the expanding Dallas Fort Worth area where supplies of natural gas from the Barnett shale continue to decline.
“We are pleased to continue to expand our relationship with Enable as the anchor shipper on Project Wildcat. Project Wildcat not only provides flow assurance for our growing production in SCOOP and STACK but access to premium markets to maximize the returns on every molecule we sell,” said Harold Hamm, Continental’s Chairman and Chief Executive Officer.
“Enable has provided midstream solutions for Continental’s substantial production growth in Oklahoma since before the SCOOP and STACK were household names,” said Rod Sailor, Enable’s President and CEO. “We are pleased to build on our relationship and support Continental’s future growth with this creative and cost-effective market-access project.”
Project Wildcat commences service in June 2018 and is expected to be fully in service in July 2018.