U.S. shale company Continental Resources said in its second quarter report it was raising its production and spending expectations for the year. “Continental is in an advantaged position in the current market,” Chairman and CEO Harold Ham second-quarter statement released after the close of trading on Tuesday. Continental is one of the more active producers in the Bakken shale formation in North Dakota, operating about 10 percent of all the rigs in the state. The company reported second quarter average production of 284,059 barrels of oil equivalent per day, just below guidance, but an increase of 25 percent from second quarter 2017. Of that total, 55 percent of production was oil. Production would’ve been just above 289,000 […]