Continental Raises Production Guidance On Strong Bakken Results

Continental Resources Inc. (NYSE: CLR) on Aug. 7 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 (boe/d) to between 290,000 boe/d and 300,000 boe/d.

It increased its annual exit rate guidance by 10,000 boe/d to between 315,000 boe/d to 325,000 boe/d.