Continental Resources Inc. announced today the commencement of cash tender offers to purchase up to $1.0 billion aggregate principal amount of its outstanding 5.0% senior notes due 2022 and 4.5% senior notes due 2023 in the priorities set forth in the table below; provided that the Company will not accept for purchase more than $200 million aggregate principal amount of the 2023 Notes. Logo [...]
Continental Resources Inc. announced today that, subject to market conditions, it intends to offer a series of senior notes due 2031 in a private placement to eligible purchasers. Continental intends to use the net proceeds from this offering to fund the concurrent tender offers for a portion of the Company's 5.0% senior notes due 2022 and 4.5% senior notes due 2023 and to pay fees and expenses incurred in connection [...]
3Q20 Results and Full-Year 2020 Expectations • $291.2 Million Cash Flow from Operations in 3Q20; $258.3 Million Free Cash Flow • $149.4 Million in Non-Acquisition Capex in 3Q20; On Track for $1.2 Billion in Full-Year 2020 • 297 MBoepd Average Daily Production in 3Q20 o Maintain 2020 Average Annual Production Guidance of 155 to 165 MBopd & 800 to 820 MMcfpd o December 2020 Exit Rate Production of 315 to 325 MBoepd • $1.63 [...]
Earnings Conference Call Scheduled for Friday, November 6, 2020 at 10:00 a.m. ET Continental Resources Inc. plans to announce third quarter 2020 results on Thursday, November 5, 2020 after the close of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss third quarter 2020 results on Friday, November 6, 2020 at 10:00 a.m. ET . Those wishing to listen to the conference call may do [...]
Responsible Stewardship of Assets & Capital Curtailed Operated Oil Volumes in 2Q20 Estimated to Generate $90 Million in Incremental Cash Flow from Operations at $40 WTI • Approximately 55% of Oil Volumes Curtailed in 2Q20 • 202,815 Boepd Average Daily 2Q20 Production 2020 Full-Year Average Production of 155,000 to 165,000 Bopd & 800,000 to 820,000 Mcfpd • 3Q20 Average Production of 280,000 to 300,000 Boepd • 2020 Exit [...]
Earnings Conference Call Scheduled for Tuesday, August 4, 2020 at 12:00 p.m. ET Continental Resources Inc. plans to announce second quarter 2020 results on Monday, August 3, 2020 after the close of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss second quarter 2020 results on Tuesday, August 4, 2020 at 12:00 p.m. ET . Those wishing to listen to the conference call may do so [...]
Continental Resources Inc. today announced that its Founder and Executive Chairman, Harold Hamm, purchased 4,736,264 shares of Continental common stock on the open market from June 22, 2020 to June 25, 2020, at market prices. This brings Mr. Hamm's total holdings, as of June 25, 2020, to 289,659,385 shares, or approximately 79.3% of the Company's total common shares outstanding at April 30, 2020. Logo [...]
Continental Resources Inc. today announced an update on its voluntary production curtailments. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg The Company previously announced it would curtail 70% of operated oil production in May, with continued curtailments into June. In July, the Company expects to partially begin resuming production but still expects to curtail approximately 50% of its [...]
Continental Resources Inc. today highlighted its longstanding commitment to Environmental, Social and Corporate Governance practices and initiatives with the release of its 2019 ESG report. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg "Continental will continue to play a significant role in the American energy renaissance, providing a reliable and low-cost energy source for our nation and [...]
Preserving Value over Volumes 360,841 Boepd Average Daily 1Q20 Production; up 9% YoY Lowest Cost Producer amongst Oil-Weighted Peers • $3.61 Production Expense per Boe and $1.31 Total G&A per Boe in 1Q20 Approx. $55 MM Reduction to 2020 G&A through Ongoing Cost Savings Evaluation $650.7 MM Capex in 1Q20; 2020 Capex Tracking 3% to 5% below Previously Revised $1.2 B Budget • Zero Stim Crews in the Bakken and Averaging 1 [...]
Earnings Conference Call Scheduled for Monday, May 11, 2020 at 12:00 p.m. ET Continental Resources Inc. plans to announce first quarter 2020 results on Monday, May 11, 2020 before the open of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss first quarter 2020 results on Monday, May 11, 2020 at 12:00 p.m. ET . Those wishing to listen to the conference call may do so via the [...]
Continental Resources Inc. today announced that, due to the public health and safety concerns related to the coronavirus pandemic and recommendations and orders from federal and Oklahoma authorities, the location of its annual meeting has been changed to a virtual format. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg As previously announced, the annual meeting will be held on Thursday, May [...]
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