Continental Resources profit jumps nearly four-fold

Wed Nov 6, 2013 6:29pm EST

Nov 6 (Reuters) - Continental Resources Inc, which drills for oil in North Dakota, Oklahoma and Colorado, posted a nearly four-fold increase in quarterly profit as production jumped across many of its regions.

For the third quarter, the company posted net income of $167.5 million, or 91 cents per share, compared with $44.1 million, or 24 cents per share, in the year-ago period.

Revenue rose 70 percent to $823.8 million.

Production rose 38 percent to 141,873 barrels of oil equivalent per day (boe/d).

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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