In response to the demand destruction attributable to COVID-19, Continental Resources Inc. today announced the following: "Continental will continue to take decisive action to maximize cash flow generation, accomplish cost savings initiatives and prioritize the strength of our balance sheet," said Bill Berry, Chief Executive Officer. "Global crude oil and product demand is estimated to have been impacted by 30% due to [...]
In response to the significant drop in commodity prices, Continental Resources Inc. today announced a revised 2020 capital budget of $1.2 billion, representing a 55% decrease in capital spend from the Company's original budget of $2.65 billion. The Company expects to be cash flow neutral under $30 per barrel WTI. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg The Company will be reducing its [...]
Full-Year 2019 Results $775.6 Million in Net Income, or $2.08 per Diluted Share • $838.7 MM Adjusted Net Income, or $2.25 per Diluted Share 340,395 Boepd Average Daily Production, up 14% Year-over-Year • 197,991 Bopd Average Daily Oil Production; up 18% YoY $3.1 Billion of Cash Flow from Operations; $608 MM of Free Cash Flow $406 MM in Shareholder Capital Return • $190 MM Share Repurchases and $18 MM [...]
Continental Resources Inc. today announced that its Board of Directors has declared a quarterly dividend of $0.05 per share on the Company's outstanding common stock, payable on February 21, 2020 to stockholders of record on February 7, 2020. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg Cautionary Statement for the Purpose of the "Safe Harbor" Provisions of the Private Securities Litigation [...]
Earnings Conference Call Scheduled for Thursday, February 27, 2020 at 12:00 p.m. ET Continental Resources Inc. plans to announce full-year 2019 and 4Q19 results on Wednesday, February 26, 2020 following the close of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss full-year 2019 and 4Q19 results on Thursday, February 27, 2020 at 12:00 p.m. ET . Those wishing to listen to the [...]
Continental Resources Inc. announced today that effective January 1, 2020, Founder and Chief Executive Officer, Harold Hamm will step up to the role of Executive Chairman. William Berry has been appointed Chief Executive Officer and President Jack Stark will assume the additional role of Chief Operating Officer. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg "Bill gives us an extraordinary [...]
Continental Resources Inc. today announced the Continental Board of Directors elected Tim Taylor to the Board as a Class II Director, effective November 20, 2019. Mr. Taylor served as President of Phillips 66, an integrated downstream company with refining, midstream, and chemical operations, from 2014 until his retirement in 2017. He was Executive Vice President of commercial, marketing, transportation and business [...]
Focused on Disciplined, Oil-Weighted Growth and Building Shareholder Value $158.2 Million in Net Income in 3Q19, or $0.43 per Diluted Share - $199.4 Million Adjusted Net Income in 3Q19, or $0.54 per Diluted Share 198,074 Average Daily 3Q19 Oil Production up 20% over 3Q18 - 332,315 Boepd Average Daily 3Q19 Production up 12% over 3Q18 Bakken: 145,436 Average Daily 3Q19 Oil Production up 13% over 3Q18 - 57 Gross Operated [...]
Earnings Conference Call Scheduled for Thursday, October 31, 2019 at 12:00 p.m. ET Continental Resources Inc. plans to announce third quarter 2019 results on Wednesday, October 30, 2019 following the close of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss third quarter 2019 results on Thursday, October 31, 2019 at 12:00 p.m. ET . Those wishing to listen to the conference [...]
Continental Resources Inc. announced today that it will redeem $500 million in aggregate principal amount, representing approximately 31% of the $1.6 billion in aggregate principal amount currently outstanding, of its 5% Senior Notes due 2022 on September 12, 2019, the redemption date for the Notes. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg The redemption price for the Notes called for [...]
Increasing Shareholder Returns through Share Repurchases & Dividend 2019 Production Guidance Increased; LOE and G&A Expense Guidance Decreased - Releasing 7 Rigs in the South by Year-End 2019 Due to Springer & Woodford Efficiency Gains $92 Million of Share Repurchases Executed through August 2, 2019 $236.6 Million in Net Income in 2Q19, or $0.63 per Diluted Share - $219.1 Million Adjusted Net Income in 2Q19, or $0.59 per [...]
EnerCom's 24th The Oil & Gas Conference® brings top public and private E&Ps, a European supermajor, and oilfield service and royalty companies to Denver, Aug. 11-14, 2019 EnerCom Updates Panel Presenters on Day Three of the Oil & Gas Conference One of the largest independent upstream oil and gas-focused investor conferences—The Oil & Gas Conference®—will take place Aug. 11-14, 2019, at the Denver [...]
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