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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.
Comments (1)
  • ChuckXX
    , contributor
    Comments (1014) | 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, 12:08 PM Reply Like
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