24 April 2024
Continental becomes first major US shale player to cut output, as low prices bite
Publication date: 09 April 2020
Gas Strategies Group
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Continental Resources has become the first major US shale player to officially announce that it will cut production in response to the demand destruction caused by the Covid-19 pandemic, with the firm trimming its production by 30% in April and May. US compatriot Marathon Oil also announced it will pause ...