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Wednesday, May 4, 2011

CLR Production Increases 34 Percent 1Q11, Year-Over-Year -- Bakken, North Dakota, USA

Link here.

Fifty-three percent increase in earnings.
Continental produced 51,663 barrels of oil equivalent per day (Boepd) for the first quarter of 2011, a 34 percent increase over production of 38,428 Boepd for the first quarter of 2010 and an eight percent increase over fourth quarter 2010 production of 48,034 Boepd.

The Company reported EBITDAX of $268.7 million for the first quarter of 2011, a 53 percent increase over EBITDAX of $175.6 million for the first quarter of 2010 and a 22 percent increase over EBITDAX for the fourth quarter of 2010 of $220.9 million.

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