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Stock impact report

Continental Resources Announces 2018 And 4Q18 Production, Year-End 2018 Proved Reserves And 2019 Capital Budget and Guidance

Continental Resources, Inc. (CLR) 
Last continental resources, inc. earnings: 2/26 04:15 pm Check Earnings Report
US:NYSE Investor Relations: clr.com/investors
Company Research Source: PR Newswire
OKLAHOMA CITY, Feb. 13, 2019 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) (the "Company") today announced a 2019 capital expenditures budget of $2.6 billion, which is focused on both strong free cash flow generation and oil-weighted production growth. Annual crude oil production is projected to grow 13% to 19% and to range between 190,000 to 200,000 barrels of oil (Bo) per day. Annual crude oil volumetric growth is projected to be split approximately equally between the Company's North and South assets. Annual natural gas production is projected to grow 1% to 4% and to range between 790,000 to 810,000 thousand cubic feet (Mcf) per day. Logo - http://photos.prnewswire.com/prnh/20120327/DA76602LOGO  The 2019 capital budget is projected to generate approximately $3.0 billion of cash flow from operations and an estimated $500 to $600 million of free cash flow for full-year 2019 at $55 per barrel WTI and $3.00 per Mcf Henry Hub. This level of cash flow would enable the Company t Show less Read more
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