Bakken Shale powerhouse Continental Resources has shut in 70% of its May oil production, roughly 136,500 b/d, owing to low crude prices caused by the global coronavirus pandemic, the company said Monday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now That leaves Continental, a large producer in the North Dakota/Montana Bakken play, with about 58,500 b/d of crude output this month, according to S&P Global Platts estimates. Including natural gas, Continental has shut-in around 210,000 boe/d, or roughly 60% of its total production. “All of this [shut-in] production is cash flow-positive at today’s prices,” CEO Bill Berry said during a first-quarter earnings call. “And as contango starts to shift a bit you’ll probably start to […]