Continental sees output boost in Q2

Boost: Continental up quarterly output by 76%

Continental Resources

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Luke Johnson

 26 July 2012 19:48 GMT

Bakken player Continental Resources expects its production for the second quarter to come in at a total of 94,852 barrels of oil equivalent per day, which would be a 76% increase from a year earlier.

If realised, Continental would dwarf its 53,984 boepd of output in the three months that ended in June 2011, and would beat by 11% its production in the first quarter of this year, which came in at 85,526 boepd.

"We're hitting on all cylinders, with drilling cycle times continuing to be very favourable," chief executive Harold Hamm said in a statement, adding that the company “passed the 100,000-boepd milestone” last month.

Continental said its output for the quarter exceeded sales by 147,000 barrels of oil as the company stored some placed some of it production into storage “in anticipation…

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