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Stock Market & Financial Investment News

News Breaks
February 7, 2014
06:08 EDTCLRContinental Resources reports Q4 production 13.3 MMBoe
The company announced production of 13.3 MMBoe for Q4, a year-over-year increase of 35% compared with the fourth quarter of 2012. Q4 average production was 144,250 Boe per day, representing a 2% increase over the third quarter of 2013. The company reached a new production milestone of 150,000 Boe per day during November, prior to experiencing winter weather delays. Continental has recently regained the 150,000 Boe per day production level.
News For CLR From The Last 14 Days
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October 23, 2014
10:01 EDTCLROn The Fly: Analyst Initiation Summary
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07:27 EDTCLRContinental Resources completes four new oil wells in Oklahoma play
Continental Resources reported operations in its recently unveiled Springer play in the South Central Oklahoma Oil Province. The four new wells had an average horizontal lateral length of approximately 4,475 feet. Continental expects estimated ultimate recovery of 940K gross Boe per well in the oil fairway of the play for a well with a 4,500-foot lateral section. In November, Continental plans to commence drilling its first extended lateral well in the Springer play, with a planned lateral length of 7,500 feet. The company expects an average EUR of approximately 1.6M gross Boe for extended lateral wells of this length, reflecting the 67% longer lateral. Continental's current Springer production is approximately 6K net Boe/d per day or 9.2K gross Boe/d, of which approximately 70% is crude oil. The company currently has nine operated drilling rigs active in the Springer play.
07:01 EDTCLRContinental Resources initiated with a Positive at Susquehanna
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October 10, 2014
09:15 EDTCLRContinental Resources volatility increases as energy prices trend lower
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