Continental Resources (CLR) Offers FY17 Guidance And Capital Budget
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Continental Resources Projects 2017 Guidance And Capital Budget Of $1.95 Billion - Cash Neutral At $55 Per Barrel WTI
January 25, 2017 5:08 PM ESTOKLAHOMA CITY, Jan. 25, 2017 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) (the "Company") today announced a 2017 capital expenditures budget of $1.95 billion, which is expected to accelerate production growth in second half 2017 to an exit rate of 250,000 to 260,000 barrels of oil equivalent (Boe) per day. Crude oil is projected to account for approximately 59% of total production by year end, compared with approximately 55% in the fourth quarter 2016.Â
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Fourth quarter 2016 production... More
