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Continental Resources (CLR) announces a new five-year growth plan to triple production and...

  • Monday, October 8, 2012, 4:54 PM ET
    Continental Resources (CLR) announces a new five-year growth plan to triple production and proved reserves by year-end 2017, as the company plans to generate average production of 300K boe/day. CLR expects production growth in 2013 of 30%-35%, based on a capex budget of $3.4B (vs. ~$3B this year).
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This news story has 2 comments:

  •  
    Baaken crude is now at a premium to WTI, thanks to the railroads.
    8 Oct 2012, 10:42 PM Reply Like
  •  
    These wells barely generate 10% IRR at $10 MM a pop.
    9 Oct 2012, 07:54 AM Reply Like
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