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|Continental Resources Enters Into Natural Gas Fixed Price Swaps|
Continental reported total natural gas production of 5,524 MMcf for the
first quarter ended
"Consistent with our growth strategy, we chose to secure a predictable
cash flow stream on about a third of our natural gas production through 2010.
This provides additional flexibility in terms of how we can develop our
highest priority unconventional shale plays," said
"Crude oil production remains our primary focus. We expect to see continued pricing strength on that side of the equation, given our outlook on U.S. supply and demand fundamentals," he said.
Continental Resources is a crude-oil concentrated, independent oil and
natural gas exploration and production company with operations in the Rocky
Mountain, Mid-Continent and Gulf Coast regions of the
SOURCE Continental Resources