An extended LR(k) (ELR(k)) grammar is a context free grammar in which the right sides of the productions are regular expressions and which can be parsed from left to right with k symbol look-ahead. We present a practical algorithm for producing small fast parsers directly from certain ELR(k) grammars, and an algorithm for converting the remaining ELR(k) grammars into a form that can be processed by the first algorithm. This method, when combined with previously developed methods for improving the efficiency of LR(k) parsers, usually produces parsers that are significantly smaller and faster than those produced by previous LR(k) and ELR(k) algorithms.