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

|About: Continental Resources, Inc. (CLR)|By:, SA News Editor

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).