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Tag Archives: oil hedges

Continental Resources profit beats as cost cuts offset cheap oil

Continental Resources Inc, the second-largest oil producer in North Dakota’s Bakken shale formation, posted a better-than-expected quarterly profit on Wednesday as the company slashed costs to offset plunging crude prices. In a bet on the ability to keep costs low, Chief Executive Harold Hamm boosted Continental’s 2015 production guidance. “Our teams are performing very efficiently,” Hamm said in a statement, ...

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