The company has set its 2015 non-acquisition capital expenditure budget at $2.7 billion, which is expected to yield a 16% to 20% production growth in 2015.
Continental plans to cut its average operated rig count from about 50 to about 34 by the end of the first quarter of next year.
The revised budget will focus on completing 81 wells for the SCOOP Woodford/Springer plays.
