- earnings
- net income: $187 million
- EPS: 50 cents/share
- adjusted net income: $217 million
- adjusted EPS: 58 cents/share
- forecast: 48 cents/share
- production:
- 193,921 bopd average; up 18% y-o-y
- 332,236 boepd average; up 16% over y-o-y
- Bakken: 3 strategic step-out wells deliver excellent results
Reuters: CLR profit beats as higher production offsets weaker prices.
- in the Bakken, shale hit a record 1.41 million bopd (all production; not just CLR)
- average sales price, excluding hedging: fell to $35.56/boe, from $41.26 a year earlier
- earned 58 cents vs forecast of 49 cents
- guidance unchanged:
- 190,000 - 200,000 bopd
- 790 million cf - 810 million cf
- reiterates budget of $2.6 billion
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