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Continental has forgone hundreds of well completions in the Bakken and 80% oil plus oil resource and even postponed the drilling of it's spring [ph] old field which is also an 80% plus resource during this period of market readjustment.
In addition, our company record as a leading exploration is still unmatched providing decades of premier inventory of Tier-1 quality rock.
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(NYSE: CLR) Q2 2017 Earnings Conference Call August 9, 2017 PM ET Executives Warren Henry - VP, IR Harold Hamm - Chairman & CEO Jack Stark - President & COO John Hart - SVP, CFO & Treasurer Jeff Hume - VC, Strategic Growth Initiatives Tony Barrett - VP, Exploration Pat Bent - SVP, Drilling Gary Gould - SVP, Production & Resource Development Analysts Doug Leggate - Bank of America Merrill Lynch Brian Corales - Howard Weil Brian Singer - Goldman Sachs Robert Morris - Citi Neal Dingmann - Sun Trust John Freeman - Raymond James Derrick Whitfield - Stifel, Nicolaus & Co., Inc.
And even more significant we expect to accomplish this within the same capital expenditure budget or less as well as adjust to commodity prices to be cash neutral.
Our outlook in corporate further operating efficiency such as reduced drilling times and lower costs of operations and transportation for daily production.