Continental Resources (CLR) Reports 2016 Capital Budget of $920M

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Go back to Continental Resources (CLR) Reports 2016 Capital Budget of $920M

Continental Resources Announces 2016 Budget Of $920 Million In Non-Acquisition Capital Expenditures

January 26, 2016 4:35 PM EST

OKLAHOMA CITY, Jan. 26, 2016 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") today announced a budget of $920 million in non-acquisition capital expenditures for 2016, a 66% reduction from 2015's $2.7 billion budget. The Company expects average production of approximately 200,000 barrels of oil equivalent (Boe) per day for 2016. 

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"Continental's 2016 budget confirms our intense focus on cash flow neutrality," said Harold Hamm, Chairman and Chief... More