Oklahoma City-based Continental Resources says it will triple production, reserves

After outpacing its previous production goals, Oklahoma City-based Continental Resources Inc. has set its expectations higher, the Oklahoma City energy company said Monday.
by Adam Wilmoth Published: October 9, 2012

Tulsa money manager Jake Dollarhide said the oil company has benefited from relatively strong oil prices while low natural gas prices have forced many production companies to switch their drilling programs to oil from natural gas in recent years.

“Being heavy on oil is not an accident. It was a clear-cut strategic operating decision for Continental to be heavier in oil than most of its peers,” said Dollarhide, CEO of Longbow Asset Management Co.

“At a time when many of its peers who are heavier in natural gas are cutting their production outlooks and scrambling because of low natural gas prices and debt payments, Continental is able to come out with a strong report.”

by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
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