Operator · Cana - Woodford Shale, SCOOP & Woodford Shale
Continental Resources, Inc.
80 articles mentioning Continental Resources, Inc. · Page 2 of 4
Continental Resources Third Quarter 2020 Results
Continental Resources reported its Q3 2020 results. Preliminary 2021 Outlook CEO Bill Berry said: "As a continuation of Continental's historic track record of sustainable cash flow and debt reduction, we are projecting a 65% to 75%...
Continental Resources Second Quarter 2020 Results
Continental Resources, Inc. announced second quarter 2020 operating and financial results. Highlights: Curtailed Operated Oil Volumes in 2Q20 Estimated to Generate $90 Million in Incremental Cash Flow from Operations at $40 WTI Approximately 55% of Oil...
Court Orders Dakota Access / Bakken Oil Pipeline to Be Shut Down
A U.S. District Court today ordered the shut down and emptying of Energy Transfer's Dakota Access pipeline within 30 days. Currently, the Dakota Access pipeline (DAPL) transports about 570,000 bbl/d from the Bakken to the Gulf...
Continental Cautiously Restoring Shut-In Production
Continental Resources said it expects to restore 20% of the 70% curtailed production in July. See chart below. The company expects June total production to average 155,000 (mid-point of average). Second quarter 2020 total production is...
Bakken Operators Shut-In 450,000 Barrels Per Day, Rig Count Hits Lowest
May 7, 2020 The Department of Mineral Resources has established the Bakken Restart Task Force to facilitate rapid recovery of the oil and gas industry and supporting sectors impacted by COVID-related demand shock. The task force...
Continental Resources First Quarter 2020 Results
Continental Resources, Inc. reported its Q1 2020 results. Highlights: 360,841 Boepd Average Daily 1Q20 Production; up 9% YoY (56% Oil) Lowest Cost Producer amongst Oil-Weighted Peers - $3.61 Production Expense per Boe and $1.31 Total G&A...
Oil Shut-In MONITOR : E&P Planning to Shut-In/Curtail 1 Million Barrels In May, 1.1 MMbbls/d in June
As operators continue to adjust their 2020 plans to combat market woes, we are taking a look at all the E&Ps who have announced that they will be curtailing production. Most of the curtailments have been...
Continental Resources Halts Production in the Bakken
Continental Resources has curtailed the majority of its production at its North Dakota Bakken asset, according to a report by Reuters. The company reportedly has ceased drilling activity in the play as well as shut in...
April 2020 Update : Acquisition, Divestiture and Mergers Update
As a result in of the dramatic fall in prices we are seeing deals get re-negotiated. In this report, we looked at the latest A&D deals. Plus trends that includes total deals by quarter vs the...
PE-Backed E&P Sues Continental for Failure to Close $200 Million Deal
Casillas Petroleum Resources Partners II has sued Continental Resources for breach of contract in failure to close its $200 million purchase and sale agreement that was signed between the two companies on March 6, 2020. Casillas...
Continental Cuts April / May Production Estimates by 30%; Suspends Dividend
Continental Resources Inc. has announced the following update, which was made as a result of the market uncertainty: Production Decrease The company is lowering its production expectations for April and May 2020 by 30% to reflect...
Trump to Meet with Top Oil Execs Regarding Possible Aid
President Trump has set a meeting with top oil and gas executives to discuss potential assistance in the wake of the sharp oil price plunge, according to a report by the Wall Street Journal. The meeting...
Continental Cuts 2020 Capex 55%; Will Drop 13 Rigs Across Bakken, STACK/SCOOP
Continental Resources Inc. has announced a revised 2020 capital budget of $1.2 billion, representing a 55% decrease from its original budget of $2.65 billion. The Company expects to be cash flow neutral under $30 per barrel...
Continental Cuts STACK in Favor of the Bakken for 2020;Completions/Fracs & Rigs
Continental Resources, Inc. announced its full-year 2019 and fourth quarter 2019 operating and financial results, as well as its 2020 capital expenditures budget and operating plan. 2020 Plans Continental is sizably cutting its Anadarko Basin activity...
New CEO Takes Helm of Continental; Hamm Named Executive Chairman
Continental Resources, Inc. announced that William Berry has been appointed Chief Executive Officer. Continental's Founder and long serving CEO Harold Hamm will transition to the role of Executive Chairman. Harold Hamm started Continental 52 years ago....
Continental Adds Former Phillips 66 President to Board
Continental Resources, Inc. has elected Tim Taylor to the Board as a Class II Director, effective November 20, 2019. About Taylor Mr. Taylor served as President of Phillips 66, an integrated downstream company with refining, midstream,...
Continental Reduces Rig Count, Bulk in STACK/SCOOP; Oil Production Up
Continental Resources Inc. reported its Q3 2019 results. Below are the highlights from its report and call. Oil production in the South is up 62% year-over-year, driven by the quality of our wells and Project SpringBoard...
E&P Touts Exceptional STACK Wells Results; 4092 BOE/D (76% Oil)
Continental Resources has now cemented itself as the leader from the well performance stand point in the Oklahoma STACK. The company reported some of the best well results from the over-pressured oil window. Reba Jo and...
Continental Mulling Sale of Water Infrastructure Assets
Continental Resources is considering selling off its stake in a non-controlled water infrastructure business, according to a report by Bloomberg. The company's water assets currently operate in both the Anadarko and Williston basins. Continental estimates that...
Continental Plans Big MidCon Rig Cut; Gets 23% Oilier YOY as Bakken Drilling Increases
Continental Resources reported its Q2 2019 results. Here are the highlights from its report / call: Big Mid-Con Rig Reduction Planned The company is currently running 25 rigs (up 4% YOY) comprised of 6 Bakken rigs...