Continental Resources Announces Preliminary Q1 of 2021 Production Update

Source: www.gulfoilandgas.com 4/13/2021, Location: North America

Continental Resources, Inc. (CLR) provided an update on its first quarter 2021 production results.

February 2021 weather adversely impacted first quarter 2021 total production by approximately 6 MBoepd (60% oil). First quarter 2021 oil production is expected to average approximately 152 MBopd and first quarter 2021 natural gas production is expected to average approximately 935 MMcfpd. Additionally, the Company is providing preliminary production guidance for second quarter 2021 of 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 (non-GAAP), reflecting a significant reduction from year-end 2020. The Company's recent debt reduction demonstrates the continued commitment to shareholder capital returns. The Company expects to reduce total debt to approximately $4 billion or below by year-end 2021.

The Company plans to announce first quarter 2021 results on Wednesday, April 28, 2021 after the close of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss first quarter 2021 results on Thursday, April 29, 2021 at 12:00 p.m. ET (11:00 a.m. CT).


Trinidad and Tobago >>  5/13/2021 - Touchstone Exploration Inc. reports its operating and financial results for the three months ended March 31, 2021. Selected information is outlined be...
Turkey >>  5/13/2021 - Valeura Energy Inc., an upstream oil and gas company with assets in the Thrace Basin of Turkey, reports its unaudited financial and operating results ...

United Kingdom >>  5/13/2021 - Neptune Energy announces its financial results for the three months ended 31 March 2021. ...
Brazil >>  5/12/2021 - Alvopetro Energy Ltd. announces our first quarter 2021 financial results, formalization of our dividend policy and upcoming plans for a small lot comm...

Brazil >>  5/10/2021 - Petro Rio S.A., following best corporate governance practices, informs its shareholders and the market in general about the drilling in the Polvo Fiel...
United Kingdom >>  5/10/2021 - Hurricane Energy plc, the UK based oil and gas company, provides an update on Lancaster field operations, pursuant to the Company's reporting framewor...




Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.