Continental Resources expects lower production in Q1
Apr 13, 2021 5:15:pm
Summary
by: Daniel Graeber
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Continental Resources expects lower production in Q1
US shale company Continental Resources reported April 13 that first quarter gas production is expected to be some 4% less than the previous period and oil output could be nearly 14% lower.
The company, which has a strong footprint in the Bakken shale in North Dakota, said inclement weather in February resulted in a net 60,000 boe/d decline in production, with 60% of that in oil.
An arctic freeze that descended across much of North America idled large parts of the regional energy sector. Continental said it expected first quarter oil production to average 152,000 b/d and natural gas production to come in at 935mn ft