Continental Resources (CLR) Misses Q1 EPS by 9c, Revenues Beat
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Continental Resources Announces First Quarter 2020 Results
May 11, 2020 6:30 AM EDTOKLAHOMA CITY, May 11, 2020 /PRNewswire/ --
360,841 Boepd Average Daily 1Q20 Production; up 9% YoY (56% Oil)
Lowest Cost Producer amongst Oil-Weighted Peers  $3.61 Production Expense per Boe and $1.31 Total G&A per Boe in 1Q20
Approx. $55 MM Reduction to 2020Â G&A through Ongoing Cost Savings Evaluation
$650.7 MM Capex in 1Q20; 2020 Capex Tracking 3% to 5% below Previously Revised $1.2 B Budget   Zero Stim Crews in the Bakken and Averaging 1 Stim Crew in OK through Remainder of 2020    Rigs Reduced to 4 by YE20 (80% Reduction from Jan 2020)
$139 MM of Bonds Retired in... More
