Aug. 9 (UPI) — Continental Resources, one of the larger U.S. shale players, said it would be cash neutral in the current market, but raised its forecast for annual production.
Continental is active in the Bakken shale oil basin, centered mostly in North Dakota, the No. 2 oil producer in the nation behind Texas. CEO Harold Hamm said the company took a disciplined approach during the second quarter, which saw oil prices hold in the mid- to upper-$40 range per barrel.
Read more at https://newsline.com/continental-resources-says-it-will-do-more-with-less/.
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