Two leading American energy companies, Mercuria Americas and Continental Resources, today announced a partnership to build the Pecos Power Plant, a 452 MW gas-fired power plant in Pecos, Texas. The partnership reflects a shared commitment to strengthening U.S. energy independence by expanding reliable, domestic power generation and [...]
Continental Resources today announced it has signed an Assets Sale and Purchase Agreement with Pan American Energy to acquire certain non-operating interests in four blocks located within the Vaca Muerta shale play in Argentina's Neuquén Basin. Logo - https://mma.prnewswire.com/media/95419/5700248/Continental_Resources_New_Logo.jpg For decades [...]
Continental Resources Inc. announced today President and Chief Operating Officer Doug Lawler will assume the role of President and Chief Executive Officer . "Doug is a transformative leader who will build on all we have achieved in our company's 55-years. Doug is exactly the right person to inspire our employees and grow our company and our culture [...]
Completion of Previously Announced Merger and Going Private Transaction Expected Later Today Continental Resources Inc. today announced that it is initiating the final steps in closing its previously announced merger with Omega Acquisition, Inc. . Following the completion of the merger, shares of Continental common stock are expected to cease [...]
Strong 3Q22 Results • $2.22 B Cash Flow from Operations & $1.01 B Free Cash Flow • $1.01 B Net Income; $2.80 per Diluted Share ) • Total Debt of $6.30 B & Net Debt of $4.49 B as of 9/30/22 Reduction in 3Q22) • More Than $4.00 B of Total Liquidity, Inclusive of Undrawn $2.25 B Revolver & $1.81 B Cash Balance as of 9/30/22 [...]
Continental Resources Inc. plans to announce third quarter 2022 results and file the Company's Quarterly Report on Form 10-Q on Wednesday, November 2, 2022, after the close of trading on the New York Stock Exchange. The Company also plans to publish a third quarter 2022 summary presentation to its website at www.CLR.com on Wednesday, November 2 [...]
Omega Acquisition, Inc. , an Oklahoma corporation, 100% of the capital stock of which is owned by Harold G. Hamm, the founder and Chairman of the Board of Directors of Continental Resources Inc. , today commenced a tender offer to acquire all of the outstanding shares of common stock, par value $0.01 per share of the Company, other than: Shares [...]
Continental Resources Inc. today announced that it has entered into an Agreement and Plan of Merger with Omega Acquisition, Inc., an Oklahoma corporation , an entity that is owned by Continental's founder, Harold G. Hamm. Pursuant to the Merger Agreement, Merger Sub will commence a tender offer to purchase any and all of the outstanding shares of [...]
Continental Resources Inc. today announced Doug Lawler is being promoted to President and Chief Operating Officer. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg Doug joined Continental in February as Chief Operating Officer and Executive Vice President following three decades in the oil and gas industry. "Since [...]
Strong 2Q22 Results • $1.74 B Cash Flow from Operations & $1.23 B Free Cash Flow • $1.21 B Net Income; $3.35 per Diluted Share ) • $265.2 MM Total Debt Reduction and $814.2 MM Net Debt Reduction in 2Q22 Declaring $0.28 per Share Quarterly Dividend Updating Various 2022 Guidance Metrics & Differentials • Increasing Projected [...]
Continental Resources Inc. plans to announce second quarter 2022 results and file the Company's Quarterly Report on Form 10-Q on Thursday, July 28, 2022, after the close of trading on the New York Stock Exchange. The Company also plans to publish a second quarter 2022 summary presentation to its website at www.CLR.com on Thursday, July 28, 2022 [...]
Continental Resources Inc. today announced that its board of directors has received a non-binding proposal letter, dated June 13, 2022, from Harold G. Hamm, on behalf of himself, the Harold G. Hamm Trust and certain trusts established for the benefit of Mr. Hamm's family members to acquire for cash all of the outstanding shares of common stock of [...]
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