Third Quarter 2014 EBITDAX of $948 Million; Adjusted Net Income Totaled $301 Million, or $0.81 per Diluted Share Production Increased 14,382 Boe per Day to Average 182,335 Boe per Day, a 9% Increase Compared to Second Quarter 2014 Recently Monetized Substantially All Outstanding Crude Oil Hedges for Proceeds of $433 Million 2015 Capital Expenditure Budget Reduced to $4.6 Billion, Adjusted 2015 Production Growth Guidance [...]
LONDON, November 4, 2014 /PRNewswire/ -- Oil prices have dropped 25% as production continues to rise and demand slumps, prompting some analysts to forecast decline in US shale activity, but these arm-chair pundits are getting ahead of themselves: American oil and gas producers have been through down times before and they know how to dig in. Energy Information Administration (EIA) data shows a steady and consistent [...]
OKLAHOMA CITY, Oct. 27, 2014 /PRNewswire/ -- Continental Resources Inc. ("Continental" or the "Company") (NYSE: CLR) announced today it has formed a joint venture with a wholly-owned U.S. subsidiary of SK E&S Co. Ltd ("SK") to jointly develop a significant portion of Continental's Northwest Cana Woodford natural gas assets, primarily in Blaine and Dewey counties, Oklahoma. SK E&S is a subsidiary of SK Group, one of the [...]
Completions Confirm Strong Productivity in Recently Announced Discovery Early Production Averages 79% Crude Oil OKLAHOMA CITY, Oct. 23, 2014 /PRNewswire/ -- Continental Resources Inc. ("Continental" or the "Company") (NYSE: CLR) today announced continued success in its recently unveiled Springer play in the South Central Oklahoma Oil Province (SCOOP). Logo - http://photos.prnewswire.com/prnh/20120327/DA76602LOGO "Four [...]
Earnings Conference Call Scheduled for Thursday, November 6, 2014 at 12:00 p.m. ET OKLAHOMA CITY, Oct. 9, 2014 /PRNewswire/ -- Continental Resources Inc. (NYSE: CLR) ("Continental" or the "Company") plans to announce third quarter 2014 earnings on Wednesday, November 5, 2014 following the close of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss third quarter 2014 results [...]
Bakken Net Unrisked Resource Potential Totals 4.1 Billion Boe, More Than 17x Greater than Current Bakken Proved Developed Reserves Updated SCOOP EUR and Returns Provide Exceptional Platform for Continued Growth New Oil Discovery in Springer Shale Located in the Heart of SCOOP Increasing Capital Expenditures in Second Half of 2014 for Higher Operated Rig Count in Springer Shale and Expanded Enhanced Completions in Bakken [...]
OKLAHOMA CITY, Sept. 17, 2014 /PRNewswire/ -- Continental Resources Inc. ("Continental" or the "Company") (NYSE: CLR) announced today that Jack Stark has been appointed President and Chief Operating Officer by the Company's Board of Directors. Stark joined the Company in 1992 and has served as Continental's Senior Vice President of Exploration since 1998. "Jack is a great team leader whose geological contrib...
OKLAHOMA CITY, Sept. 11, 2014 /PRNewswire/ -- Continental Resources Inc. ("Continental" or the "Company") (NYSE: CLR) announced today that W.F. "Rick" Bott, President and Chief Operating Officer, resigned to pursue other opportunities. His duties will be absorbed by senior management. Logo - http://photos.prnewswire.com/prnh/20120327/DA76602LOGO Continental Chairman and Chief Executive Officer Harold G. Hamm said, "We [...]
OKLAHOMA CITY, Aug. 18, 2014 /PRNewswire/ -- Continental Resources Inc. ("Continental" or the "Company") (NYSE: CLR) announced today that its Board of Directors declared a two-for-one stock split of the Company's common stock to be issued in the form of a stock dividend. The additional shares will be distributed on September 10, 2014 to shareholders of record on September 3, 2014. Logo [...]
Record EBITDAX of $868 Million; Adjusted Net Income Totaled $277 Million, or $1.50 per Diluted Share Production Increase of Approximately 15,500 Boe per Day to an Average of 167,953 Boe per Day, a 10% Increase Compared to First Quarter 2014; Bakken and SCOOP Production Up 11% and 17% Sequentially Enhanced Completions Continue to Show Increased Early Production Uplift Completed First 660-Foot Density Pilot at the Wahpeton [...]
Conference Call to Start One Hour Later at 12:00 p.m. ET on Wednesday, August 6, 2014 OKLAHOMA CITY, July 30, 2014 /PRNewswire/ -- Continental Resources Inc. (NYSE: CLR) ("Continental" or the "Company") today announced a new time for its second quarter 2014 earnings conference call to begin at 12:00 p.m. ET (11:00 a.m. CT) on Wednesday, August 6, 2014. This new time is one hour later than the previously announced [...]
Earnings Conference Call Scheduled for Wednesday, August 6, 2014 at 11:00 a.m. ET OKLAHOMA CITY, July 2, 2014 /PRNewswire/ -- Continental Resources Inc. (NYSE: CLR) ("Continental" or the "Company") plans to announce second quarter 2014 earnings on Tuesday, August 5, 2014 following the close of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss second quarter 2014 results on [...]