Continental Resources Reports 186,934 BOPD Average Daily 4Q18 Oil Production [Reuters]
Continental Resources, Inc. (CLR)
Last continental resources, inc. earnings: 2/26 04:15 pm
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Source: Reuters
Continental Resources Inc (CLR.N) Key Developments | Reuters.com Feb 13 (Reuters) - Continental Resources Inc ::CONTINENTAL RESOURCES ANNOUNCES 2018 AND 4Q18 PRODUCTION, YEAR-END 2018 PROVED RESERVES AND 2019 CAPITAL BUDGET AND GUIDANCE.186,934 BOPD AVERAGE DAILY 4Q18 OIL PRODUCTION; UP 14% OVER 3Q18.SEES $2.6 BILLION CAPITAL EXPENDITURES IN 2019.324,001 BOEPD AVERAGE DAILY 4Q18 PRODUCTION; UP 9 PCT OVER 3Q18.CONTINENTAL RESOURCES INC SEES ABOUT $3 BILLION OF CASH FLOW FROM OPERATIONS AND ESTIMATED $500 TO $600 MILLION OF FCF (NON-GAAP) IN 2019.2019 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.PLANS TO OPERATE AN AVERAGE OF 25 DRILLING RIGS DURING 2019.CONTINENTAL RESOURCES INC SEES 1 PCT TO 4 PCT YEAR-OVER-YEAR NATURAL GAS PRODUCTION GROWTH TO 790,000 TO 810,000 MCFPD IN 2019.2019 ANNUAL CRUDE OIL VOLUMETRIC GROWTH IS PROJECTED TO BE SPLIT APPROXIMATELY EQUALLY BETWEEN COMPANY'S NORTH, SOUTH ASSETS.IN BAKKEN,
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