Continental Resources Inc. (NYSE: CLR) on Aug. 7 raised its 2018 production guidance on strong performance in North Dakota's Bakken shale, as well as improved operational efficiencies and the reallocation of some rigs.
Continental bumped the lower end of its 2018 annual production guidance by 5,000 barrels of oil equivalent per day (boe/d) to between 290,000 boe/d and 300,000 boe/d.
It increased its annual exit rate guidance by 10,000 boe/d to between 315,000 boe/d to 325,000 boe/d.
Recommended Reading
Marketed: DLH Capital 10 Well Package in Oklahoma
2024-03-19 - DLH Capital LLC has retained EnergyNet for the sale of a non-operated 10 well package in Blaine, Canadian, Dewey and Kingfisher counties, Oklahoma.
Benchmark Buys Revolution Resources’ Anadarko Assets in $145MM Deal
2024-02-20 - Benchmark Energy II is acquiring Revolution Resources just over four years after Revolution bought out Jones Energy Inc.’s Midcontinent portfolio.
Marketed: DRII 642 Well Package in Louisiana, Oklahoma, Texas, Wyoming
2024-04-02 - DRII LLC retained EnergyNet for the sale of a 642 well package across various counties and parishes in Louisiana, Oklahoma, Texas and Wyoming.
Marketed: Anadarko Minerals Woodford Shale Opportunity
2024-02-26 - Anadarko Minerals has retained EnergyNet for the sale of a Woodford Shale opportunity in Blaine County, Oklahoma.
ARM Energy Sells Minority Stake in Natgas Marketer to Tokyo Gas
2024-02-06 - Tokyo Gas America Ltd. purchased a stake in the new firm, ARM Energy Trading LLC, one of the largest private physical gas marketers in North America.