Continental Resources says proved reserves exceed 1B boe

Continental Resources (CLR) announces new records for proved reserves and production: 1.08B boe in proved reserves at year-end 2013, a 38% Y/Y increase, and Q4 production of 13.3M boe, up 35% Y/Y.

CLR says it reached a new production milestone of 150K boe/day during November, prior to experiencing winter weather delays, and recently regained the 150K production level.

CLR says it achieved its 2013 production targets despite abnormal winter weather in December and January that delayed some completions and deliveries; says annual guidance is intact for strong growth in 2014.

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Comments (1)
  • ChuckXX
    , contributor
    Comments (1880) | Send Message
    This is truly the Rodney Dangerfield of the oil patch. I just get no respect as Ole Rodney use to say. If this company could get some respect say with a 2015 forward PE like PXD's we'd be in business.
    8 Feb 2014, 12:08 PM Reply Like
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