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Continental Resources ramping up Bakken operations, adds rigs to Powder River Basin Shale oil producer Continental Resources on Thursday said it will ramp up activity in North Dakota’s Bakken shale field this year as it shifts more of its production operations to crude oil from natural gas. The company said roughly 70% of its well completions in the second half of the year will be focused on the Bakken versus about 50% of completions at the start of the year. The shift comes as the company is re-orienting its production portfolio to focus more heavily on oil, Chief Executive Officer Bill Be...

UPDATE 1-Continental Resources ramping up Bakken operations, adds rigs to Powder River Basin Reuters 4/29/2021 By Liz Hampton April 29 (Reuters) - Shale oil producer Continental Resources on Thursday said it will ramp up activity in North Dakota's Bakken shale field this year as it shifts more of its production operations to crude oil from natural gas. The company said roughly 70% of its well completions in the second half of the year will be focused on the Bakken versus about 50% of completions at the start of the year. The shift comes as the company is re-orienting its production portfoli...

2 minute read Birds fly over storage tanks on a Continental Resources oil production site near Williston, North Dakota January 23, 2015. REUTERS/Andrew Cullen Shale oil producer Continental Resources (CLR.N) on Thursday said it will ramp up activity in North Dakota's Bakken shale field this year as it shifts more of its production operations to crude oil from natural gas. The company said roughly 70% of its well completions in the second half of the year will be focused on the Bakken versus about 50% of completions at the start of the year. The shift comes as the company is re-orienting it...

Ovintiv steps up activity in Oklahoma plays Continental Resources to spud Powder River wells Commodity Houston — US land drillers' rig counts are continuing to inch forward, and exploration and production companies are enjoying lower costs as they reap the benefits of efficiency improvements, with increasing activity projected for 2021, top executives said in Q1 earnings calls April 29. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now "Crude oil prices trading in a tight band around $60 [per barrel] have been support...

Continental May Exceed 2021 Oil, Natural Gas Production Guidance in Midcontinent as Net Debt Falls Continental Resources Inc. said Tuesday it is on track to meet or exceed its 2021 full-year oil and natural gas production guidance. The Oklahoma City-based exploration and production (E&P) company also indicated that it has lowered its total debt by 10% since the end of 2020. In an update ahead of its 1Q2021 earnings call scheduled for April 28, Continental said it expects to produce 160,000-165,000 b/d of oil and 880-920 MMcf/d of natural gas this year. For the first quarter, Continental expec...