Continental Resources is bringing back previously shut-in oil production, seeing flow rates in some fields double compared to the rates before the curtailment, the company’s executives said on the Q2 earnings call. In the middle of June, Continental Resources – which had shut in 70 percent of its output – said it expects to partially begin resuming production but still expects to curtail approximately 50 percent of its operated oil production. As oil prices stabilized at around $40 a barrel, the U.S. shale patch began restarting production after curtailing output in the second quarter in response to the very low oil prices. “We’re seeing just pretty impressive flush production coming out of these wells when we turned them back on. And that’s what we’ve experienced previously. And that’s why we were never concerned about what how these wells would perform even though there was a lot of chatter about […]