Top Story | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program-Rig Count | Capital Expenditure - 2019
Continental Cuts Rigs by Nearly 20% for 2019; Goes 50/50 on Bakken, MidCon Spending
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Continental Resources has reported its capital and operating plan for 2019.
*Budget assumes $55 per barrel WTI and $3.00 per Mcf Henry Hub
2019 Plans - 50/50 Capex for Bakken & Oklahoma- 2019 Capex: $2.6 billion ($2.2 billion D&C)
Oklahoma / MidCon: $1.1 billion Bakken: $1.1 billion- 2019 Production: Expects approximately 330-343 MBOEPD in production
13% to 19% YOY Oil Production Growth to 190,000 to 200,000 Bopd 1% to 4% YOY Natural Gas Production Growth to 790,000 to 810,000 Mcfpd- Well Plans: Complete 207 net (307 gross) wells
Oklahoma / MidCon: Complete 100 net (141 gross) wells Bakken: Complete 107 net (166 gross) wells- Rigs: 25 rigs running (down -19% from 31 at year-end 2018, however it is up by one rig from 2018's average rig count of 24)
Oklahoma / MidCon: 19 ri…- ✓ Full news archive — U.S., Canada & international coverage
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