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arnoldman

arnoldman
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  • 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). [View news story]
    These wells barely generate 10% IRR at $10 MM a pop.
    Oct 9, 2012. 07:54 AM | Likes Like |Link to Comment
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