WASHINGTON (dpa-AFX) - Continental Resources, Inc. (CLR) increased its production guidance for 2016. The company expects to exit the year between 190,000 and 200,000 Boe per day, which is an increase of 10,000 Boe per day. 2016 average production is now expected to be between 205,000 and 215,000 Boe per day.
First-quarter 2016 net production totaled 21.0 million barrels of oil equivalent (Boe), or 230,800 Boe per day, 12% higher than first quarter 2015. Total net production for first quarter 2016 included 146,500 barrels of oil per day and 506.0 million cubic feet of natural gas per day.
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