There are not many companies that have benefited more from the North American oil and gas boom than Continental Resources (NYSE:CLR). Not only has the company gone on a recent tear of beating analyst expectations, but production growth has been soaring for this Bakken-heavy producer.
In 2013, the company expects to increase production by as much as 40%. The Bakken has been the primary source of that growth, but the company is also aggressively pursuing another oil play in western Oklahoma known as the SCOOP play.
Not everything is daffodils and rainbows for Continental though. The company is trying hard to resolve its gas-flaring issues in North Dakota, and it relies heavily on rail transport for moving its oil. In this video, Fool.com contributor Tyler Crowe explains how relying heavily on rail could deal a blow to operating expenses in the future if certain industry trends continue.
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