- 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.
Continental Resources says proved reserves exceed 1B boe
Feb 7 2014, 08:59 ET