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Continental Resources announces record proved reserves and production for 2013


Published Feb 10, 2014
Continental Resources, Inc.

Continental Resources, Inc. announced record proved reserves and production for 2013, as well as key fourth-quarter 2013 cost metrics and capital expenditures.

"Our teams delivered another excellent year, achieving production and capital expenditure guidance as promised," said Harold G. Hamm, Chairman and Chief Executive Officer. "We accomplished our key 2013 goals across the board - to generate top-tier organic oil production growth; to improve efficiency while reducing drilling and completion costs; and to delineate the lower benches of the Bakken and southern portions of the South Central Oklahoma Oil Province, or SCOOP.

"In spite of abnormal winter weather in December and January that delayed some completions and deliveries, we still achieved our 2013 targets, and our annual guidance is intact for strong growth in 2014, with production increasing in a range of 26% to 32%," Mr. Hamm said.

Tags: Continental Resources




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