According to Norway's "Upstream Online" on October 12, the United States, the famous independent oil production company, said that the company's oil and gas production in the next year will increase by 30% this year.
In a statement, Continental said that the company expects to produce 20.6 million barrels of oil equivalent of oil and natural gas next year, which is more than the 15.8 million barrels expected this year.
Harold Harman, CEO of Continental, said that the company’s US$1.36 billion capital expenditure budget next year will support the company’s oil and gas production growth next year.
Harman said: "We will use 91% of the capital expenditure budget of the next year or 1.2 billion US dollars for drilling, completions, and those facilities that directly support increased oil and gas production."
In a statement, Continental said that the company expects to produce 20.6 million barrels of oil equivalent of oil and natural gas next year, which is more than the 15.8 million barrels expected this year.
Harold Harman, CEO of Continental, said that the company’s US$1.36 billion capital expenditure budget next year will support the company’s oil and gas production growth next year.
Harman said: "We will use 91% of the capital expenditure budget of the next year or 1.2 billion US dollars for drilling, completions, and those facilities that directly support increased oil and gas production."
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