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Friday, July 9, 2010

CLR Increases CAPEX to $1.3 Billion

CLR is expediting its drilling program. Worried about EPA and fracking? Just asking.

From the press release:
Based on the timing of the additional drilling, Continental now expects production growth in a range of 15-to-17 percent for 2010 and significantly stronger growth next year. The Company's previous production growth guidance was approximately 13 percent.

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