Continental Shooting for 10%-15% Annual Production Growth Through 2023
Continental Resources delivered barnstorming fourth-quarter production growth, with volumes averaging 324 thousand barrels oil equivalent per day (9% higher sequentially and 13% higher year over year). That pushed full-year volumes to the high end of guidance and set the firm up for a flying start to 2019. As the firm had already announced operating results, this success was incorporated by the market before the release of fourth-quarter financials. That presumably explains the stock’s negative ...Continental Resources is an independent crude oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas mainly in the North, South and East regions of the U.S. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken, and the Red River units. The South region includes all properties south of Nebraska and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province and Sooner Trend Anadarko Canadian Kingfisher areas of Oklahoma. The East region is comprised of undeveloped leasehold acreage east of the Mississippi River.
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