CLR 3Q19 Earnings -- October 30, 2019
From the press release:
- $158.2 million in net income in 3Q19, or $0.43 per diluted share
- $199.4 million adjusted net income in 3Q19, or $0.54 per diluted share (non-GAAP)
- 198,074 average daily 3Q19 oil production up 20% over 3Q18
- 332,315 boepd average daily 3Q19 production up 12% over 3Q18
- Bakken: 145,436 average daily 3Q19 oil production up 13% over 3Q18
- 57 gross operated wells deliver 2,313 boepd average/well initial rate
- South: 44,854 average daily 3Q19 oil production up 62% over 3Q18
- SpringBoard exceeded 3Q19 target by 31%: 23,641 bopd; 4Q19 target raised to ~24,000 Bopd
- CLR STACK: two, 7-well oil units deliver exceptional results: 38,320 bopd combined initial rate
- $187 million of share repurchases executed through October 29, 2019
- quarterly dividend of $0.05 per share in November 2019
Note, repeating:
- CLR STACK: two, 7-well oil units deliver exceptional results: 38,320 bopd combined initial rate
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.