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Continental May Exceed 2021 Oil, Natural Gas Production Guidance in Midcontinent as Net Debt Falls

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 expects oil and natural gas production to average about 152,000 b/d and 935 MMcf/d, respectively. ....

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Simmons: Oil, gas drive rural Oklahoma economies

Simmons: Oil, gas drive rural Oklahoma economies
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Principal Solar, Inc.: PSWW Announces Letter of Intent to Acquire Equity Stake in Double-H Services, LLC

Principal Solar, Inc.: PSWW Announces Letter of Intent to Acquire Equity Stake in Double-H Services, LLC
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PSWW Announces Letter of Intent to Acquire Equity Stake in Double-H Services, LLC

PSWW Announces Letter of Intent to Acquire Equity Stake in Double-H Services, LLC
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U.S. Midstreamers Eyeing Potential Gains in Permian, Beyond, but Need Oil Prices to Cooperate

U.S. Midstreamers Eyeing Potential Gains in Permian, Beyond, but Need Oil Prices to Cooperate
The U.S. economy’s reopening amid the Covid-19 pandemic jump-started the oil and natural gas midstream recovery in the second half of 2020. But, the recent rise in oil prices could spur renewed activity in a handful of basins, benefiting some operators in the year ahead.
A Raymond James & Associates Inc. team, led by analysts Justin Jenkins and J.R. Weston, said operationally, the general consensus is that the Permian Basin would lead the next leg of performance among midstreamer companies, but the Bakken Shale/Denver-Julesburg Basin may need prices around $50/bbl to work. ....

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