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Continental Resources to Ramp Up Bakken Activity after Refocusing Operations
The shift comes as Continental Resourcs is re-orienting its production portfolio to focus more heavily on oil, CEO Bill Berry told investors during an earnings call.
Diamondback Energy Tops Profit Estimates on Higher Crude Prices
The company posted quarterly production of 307,422 barrels of oil equivalent per day (boe/d), 2.8% higher than the previous quarter.
Pioneer Natural Resources Warns of Near $700 Million Loss on Hedges
Many producers raced to lock in sales when crude oil prices rose to over $40 per barrel last year but are now faced with losses after oil prices climbed.