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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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July 1, 2015
18:20 EDTCLRShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link

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