Continental Resources Issues Update On Q1 Production Results - Quick Facts

Continental Resources, Inc. (CLR) expects first-quarter oil production to average approximately 152 MBopd and first quarter natural gas production to average approximately 935 MMcfpd. The company noted that February 2021 weather adversely impacted first quarter total production by approximately 6 MBoepd.

The company's preliminary production guidance for second quarter is 160 to 165 MBopd and 920 to 940 MMcfpd. The company is on track to meet or exceed its annual production guidance for the year of 160 to 165 MBopd and 880 to 920 MMcfpd.

As of March 31, 2021, the company has reduced its total debt to $4.97 billion, with a cash balance of $96 million, equating to net debt of $4.88 billion.

Continental Resources plans to announce first quarter results on April 28, 2021 after the close of trading.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration approved Boehringer Ingelheim Pharmaceuticals, Inc.'s Pradaxa (dabigatran etexilate) oral blood thinning medication for children. Pradaxa is the first FDA-approved blood thinning medication that children can take by mouth. The only other approved blood thinning medication for children is given by injection. Amazon.com Inc.'s two-day Prime Day event is happening now with more than 2 million deals on offer. The e-commerce giant's biggest shopping extravaganza of the year started June 21 at 3 a.m. EDT and runs for 48 hours, through June 22. Prime Day 2021 will feature the largest number of deals ever offered in the seven year history of the Prime Day Celebrations. New deals are being launched throughout The European Commission announced Tuesday that it has opened a formal antitrust investigation to assess whether Google has violated EU competition rules by favoring its own online display advertising technology services in the so called "ad tech" supply chain, to the detriment of competing providers...
Follow RTT