Continental Resources – Page 3

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Continental Petroleum Chairman Harold Hamm to Keynote EnerCom’s The Oil & Gas Conference® Tues. Aug. 13, 2019

May 29, 2019

Occidental Petroleum (NYSE: OXY) CFO Cedric Burgher will give the EnerCom luncheon keynote address on Monday, Aug. 12. EnerCom said that legendary oilman Harold G. Hamm, chairman and CEO of Continental Resources (NYSE: CLR), will take the stage for a discussion about U.S. shale and look at the prospects for U.S. oil and gas exploration in a “fireside chat” Tuesday,

STACK’s Where It’s At: Continental Plans More Wells While Spending 25% Less

October 30, 2018

18 STACK wells had combined 24-hour IP of 74,260 BOEPD Continental Resources (ticker: CLR) announced third quarter results today, showing net income of $314.2 million, or $0.84 per share. After adjusting for impairments and other special charges, Continental earned $337 million in Q3, up 23% from Q2. Continental produced 296.9 MBOEPD in Q3, above expectations. The company plans to continue

Continental Resources to Redeem $400 Million of 5% Senior Notes

July 12, 2018

Continental Resources, Inc. (NYSE: CLR) announced today that it will redeem $400 million in aggregate principal amount, representing approximately 20% of the $2.0 billion in aggregate principal amount currently outstanding, of its 5% Senior Notes due 2022. The redemption price for the Notes called for redemption will be equal to 101.667% of the principal amount, plus accrued and unpaid interest,

How Important is the American Shale Renaissance to the World?

July 5, 2018

This is what happens when you turn the private sector loose to innovate, develop new technologies and improve efficiency Some interesting testimony came out of last week’s House of Representatives Energy & Commerce Committee hearing. The intention of the committee hearing was to update Congress on “The Shifting Geopolitics of Oil and Gas,” as the hearing title made clear. This

Shale Drillers Look Beyond Texas as Prices Rise

May 14, 2018

From The Wall Street Journal Shale drillers are ramping up production in the U.S. as oil prices rise, moving beyond the West Texas oil field that became the country’s drilling center. From Oklahoma to North Dakota, companies are increasing investment in oil fields that fell out of favor several years ago, as $70-a-barrel crude prices make fracking and horizontal drilling

Newfield and Continental Tout SCOOP/STACK, Bakken

May 7, 2018

Newfield’s SCOOP/STACK operations pinned to future growth; Williston Basin infill projects look to deliver $100 million of free cash flow in 2018 Newfield Exploration Company (ticker: NFX) had record net production during Q1 2018, with SCOOP/STACK net production averaging 117,500 BOEPD. Newfield Chairman, President and CEO Lee Boothby said, “The Anadarko Basin is the asset that will fuel our growth

Continental Resources Announces Change to Board of Directors

April 2, 2018

Continental Resources Announces Forthcoming Departure of Jim Gallogly From Board of Directors

North Dakota Oil Production – Same Players, Different Pecking Order

December 12, 2017

Continental, Whiting, others shift positions from 2 years ago The North Dakota Industrial Commission released its September 2017 oil production data this week, reporting per-well production across the state. The largest oil producers in the Bakken/Three Forks plays in North Dakota are shown in the top chart. The NDIC data from September 2015, however, delivers a shuffled order of companies

Continental Resources Reports Record Well in the STACK

December 14, 2016

Continental Resources’ Angus Trust 1-4-33XH produced 4,642 BOE during its 24-hour IP test Oklahoma City-based Continental Resources (ticker: CLR) announced that its recently completed Angus Trust 1-4-33XH has set a company IP record. The well, which was drilled in the over-pressured oil window of the Oklahoma STACK play, produced 4,642 BOE (45% oil) in a 24-hour test, comprised of 2,088

The STACK and SCOOP Valued at $40 Billion with Upside

December 2, 2016

Oklahoma’s STACK and SCOOP plays are dominated by five players – 2nd most active U.S. plays With roughly 31% of active rigs in the U.S. focusing on the Permian, it’s easy to say plays like the Delaware Basin have become the focus of the industry. Despite that, there remains a tremendous potential in the STACK and SCOOP plays, according to

Continental Continues to Core Up

August 19, 2016

Continental divests North Dakota and Montana assets for $222 million Continental Resources (ticker: CLR) announced the sale of non-core assets today for $222 million. The assets include 68,000 net acres in North Dakota and 12,000 net acres in Montana with 2,800 BOEPD of current production. The assets were sold to an undisclosed buyer, CLR said in their press release. The

Continental Resources’ Goal: Cash Flow Neutrality

August 5, 2016

Continental Resources CEO Harold Hamm says the company is aiming for balanced growth Oklahoma City-based Continental Resources (ticker: CLR) announced its second quarter earnings this week, reporting increased production guidance for the year, lower production costs, and a $281 million deal to pay down debt. Continental reported a net loss for the quarter totaled $119.4 million, or $0.32 per share.

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