After curtailing production in the second quarter amid the extraordinary disruptions caused by the coronavirus pandemic, Continental Resources Inc. (CLR) expects to boost cash flow at $40/bbl West Texas Intermediate (WTI) pricing as it looks to ramp up output through the end of the year, management said.

The Oklahoma City-based independent in its 2Q2020 earnings results, also reduced its full-year 2020 production guidance after reporting sharply lower output during the quarter.

“At the time of our last call, WTI was at $24/bbl,” founder and Executive Chairman Harold Hamm said during a conference call on Tuesday. “As we anticipated, we’ve seen prices improve to the $40/bbl range as economies open up and people get back to work. We believed we could see this initial...