Continental Resources raises 2018 production guidance
Continental Resources raises 2018 production guidance
Oil producer Continental Resources on Tuesday 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 to between 290,000 boe per day and 300,000 boe per day.
It increased its annual exit rate guidance by 10,000 boe per day to between 315,000 boe per day to 325,000 boe per day.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.