Continental Resources (CLR)

[dan_s]

CLR's Q3 production came in below my forecast because of North Dakota shut-ins.

From 10-Q:
Production
Production for the third quarter of 2016 averaged 207,840 Boe per day, a decrease of 5% from the second quarter of 2016 and 9% lower than the third quarter
of 2015. Year to date production averaged 219,280 Boe per day, a 1% decrease from the comparable 2015 period.
We curtailed a portion of our Bakken production in the third quarter of 2016 due to low commodity prices, which reduced our production in August and
September by approximately 12,000 Boe per day. The curtailed production was brought back online at the end of the third quarter.
North Dakota Bakken production averaged 99,251 Boe per day for the third quarter of 2016, a 13% decrease from the second quarter of 2016, which resulted
primarily from the aforementioned production curtailment, and 20% lower than the third quarter of 2015. Year to date, North Dakota Bakken production
averaged 114,269 Boe per day, an 8% decrease from the comparable 2015 period.
SCOOP production averaged 67,462 Boe per day for the third quarter of 2016, an increase of 4% compared to the second quarter of 2016 and a decrease of
2% from the third quarter of 2015. Year to date, SCOOP production averaged 65,589 Boe per day, an 8% increase over the comparable 2015 period.
Production from STACK/Northwest Cana averaged 17,680 Boe per day for the third quarter of 2016, an increase of 21% from the second quarter of 2016 and
167% higher than the third quarter of 2015. Year to date, STACK/Northwest Cana production averaged 14,484 Boe per day, a 200% increase over the
comparable 2015 period.
The South region comprised 42% of our total production for the 2016 third quarter compared to 38% for the 2016 second quarter and 35% for the 2015 third
quarter. The South region comprised 38% of our total production for year to date 2016 compared to 32% for the comparable 2015 period.