Wednesday, October 27, 2021

CLR: 3Q21 Earnings -- Re-Scheduled For November 3, 2021 -- Posted October 27, 2021

CLR is tracked here. I see I also link CLR at the sidebar here.

3Q21 earnings, press release.

Look how CLR manages their assets

Some highlights from the press release:

  • record free cash flow: 
    • cash flow: $1.02 billion
    • free cash flow: $669 million
  • production:
    • 331.4  MBoepd
    • 157.2. MBopd

    • natural gas: 1,046 million cfpd = 174,304 boepd
    • oil / total production = 47%
  • "We have elected to continue focusing on natural gas development in Oklahoma based on favorable market conditions. This resulted in an approximate 80 MMcfpd increase in natural gas and 4 MBopd reduction in oil to third quarter 2021 production results in Oklahoma vs. prior projections. Additionally, in support of our industry-leading ESG gas capture stewardship in the Bakken, we voluntarily curtailed an incremental 3 MBopd in third quarter 2021 during unplanned midstream outages," 
  • re-schedules 3Q21 earnings release to November 3, 2021, after market close;

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