Continental Resources (CLR) Reports Oil Production Increased 57% Y/Y in Q4
Continental Resources, Inc. (NYSE: CLR) reported production of 75,219 barrels of oil equivalent per day (Boepd) for the fourth quarter of 2011, a 57 percent increase over production of 48,034 Boepd for the fourth quarter of 2010 and an increase of 13 percent over production in the third quarter of 2011. Crude oil accounted for 72 percent of Continental's fourth quarter 2011 production.
The Company achieved a production exit rate of 78,260 Boepd for December 2011, a 52 percent increase over the December 2010 monthly average exit rate of 51,635 Boepd. January 2012 production continues to accelerate at more than 80,000 Boepd thus far in the month, the Company said.
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The Company achieved a production exit rate of 78,260 Boepd for December 2011, a 52 percent increase over the December 2010 monthly average exit rate of 51,635 Boepd. January 2012 production continues to accelerate at more than 80,000 Boepd thus far in the month, the Company said.
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