OKLAHOMA CITY, March 29, 2018 /PRNewswire/ -- Continental Resources Inc. today announced the forthcoming departure of James L. "Jim" Gallogly from its Board of Directors. Logo - http://photos.prnewswire.com/prnh/20120327/DA76602LOGO His departure is in connection with his appointment as president designate of the University of Oklahoma and will be effective at the end of the Annual Meeting of Shareholders of Continental [...]
Mr. Sabino Comes to the New Role from Bank of America Merrill Lynch OKLAHOMA CITY, Feb. 27, 2018 /PRNewswire/ -- Continental Resources Inc. today announced it has named Rory R. Sabino as Vice President of Investor Relations, effective March 12, 2018. Logo - http://photos.prnewswire.com/prnh/20120327/DA76602LOGO Mr. Sabino has more than two decades of institutional equity experience, most recently serving Bank of America [...]
$841.9 Million for 4Q 2017 Net Income, or $2.25 per Diluted Share; Including $128.2 MM from Operations and $713.7 MM Benefit from Federal Tax Reform 286,985 Barrels of Oil Equivalent per Day Average for 4Q 2017 Production, up 37% over 4Q 2016; Oil Production up 44% over 4Q 2016 242,637 Boe per Day Average Full-Year 2017 Production, up 12% over 2016 $261 MM Debt Reduction in 4Q 2017; $95 MM Debt Reduction in January 2018 [...]
OKLAHOMA CITY, Feb. 15, 2018 /PRNewswire/ -- 2017 Preliminary Results: Production of 286,985 barrels of oil equivalent per day in fourth quarter 2017, up 37% year-over-year from fourth quarter 2016 Oil represented 59% of production in fourth quarter 2017, compared to 55% in fourth quarter 2016 Production of 242,637 Boe per day for full-year 2017, up 12% from full-year 2016 Lowered debt by $261 million in fourth quarter [...]
Earnings Conference Call Scheduled for Thursday, February 22, 2018 at 12:00 p.m. ET OKLAHOMA CITY, Jan. 25, 2018 /PRNewswire/ -- Continental Resources Inc. plans to announce fourth quarter and full-year 2017 results on Wednesday, February 21, 2018 following the close of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss fourth quarter and full-year 2017 results on Thursday [...]
OKLAHOMA CITY, Dec. 4, 2017 /PRNewswire/ -- Continental Resources Inc. announced today the pricing of its private placement of $1 billion of new 4 3/8% senior unsecured notes due 2028. The notes were sold at par. The offering is expected to close on December 8, 2017, subject to customary closing conditions. Continental intends to use the net proceeds from this offering to repay in full and terminate its $500 million term [...]
OKLAHOMA CITY, Dec. 4, 2017 /PRNewswire/ -- Continental Resources Inc. announced today that, subject to market conditions, it intends to offer a series of senior notes due 2028 in a private placement to eligible purchasers. Continental intends to use the net proceeds from this offering to repay in full and terminate its $500 million term loan and to repay a portion of the borrowings outstanding under its current revolving [...]
430,000-Barrel Shipment Scheduled for January Delivery to International Markets OKLAHOMA CITY, Nov. 15, 2017 /PRNewswire/ -- Continental Resources Inc. today announced its second international sale of Bakken crude oil. The Company plans to sell 430,000 barrels of oil for January delivery to international markets. The sale transaction will take place in Cushing, Oklahoma. Logo [...]
Net Income of $10.6 Million, or $0.03 per Diluted Share, In Line with Consensus Capital Spending In Line with $1.95 Billion Budget Oil Production Up 12% Over 2Q 2017; 58% of Third Quarter Production Was Oil Guidance Improved: -- 2017 exit rate raised to 280,000 to 290,000 barrels of oil equivalent (Boe) per day, up 33% to 38% over 4Q 2016 -- Annual production raised to 238,000 to 242,000 Boe per day, up 10% to 12% over [...]
Company's First International Oil Shipment Targeted for November OKLAHOMA CITY, Oct. 17, 2017 /PRNewswire/ -- Continental Resources Inc. (NYSE: CLR) (the Company) today announced its first-ever sale of Bakken oil specifically for delivery overseas. The Company has sold 1,005,000 barrels of Bakken crude oil for November delivery to Atlantic Trading and Marketing ("ATMI"), which intends to export the oil to China. Logo [...]
Earnings Conference Call Scheduled for Wednesday, November 8, 2017 at 12:00 p.m. ET OKLAHOMA CITY, Oct. 5, 2017 /PRNewswire/ -- Continental Resources Inc. (NYSE: CLR) ("Continental" or the "Company") plans to announce third quarter 2017 results on Tuesday, November 7, 2017 following the close of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss third quarter 2017 results on [...]
Company Raises 2017 Production Guidance and Lowers Costs While Targeting Cash Neutrality for the Year: -- Exit rate raised to 260,000 to 275,000 barrels of oil equivalent (Boe) per day, up 24% to 31% over 4Q 2016 -- Annual production raised to 230,000 to 240,000 Boe per day -- Oil differential improved by $1.00 per barrel and operating costs lowered -- Capital expenditures adjusted to a range of $1.75 billion to $1.95 [...]
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