Key Developments: Continental Resources Inc (CLR)

CLR on New York Consolidated

152.86USD
23 Jul 2014
Price Change (% chg)

$0.44 (+0.29%)
Prev Close
$152.42
Open
$152.67
Day's High
$153.21
Day's Low
$151.60
Volume
569,779
Avg. Vol
906,038
52-wk High
$159.24
52-wk Low
$90.11

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Latest Key Developments (Source: Significant Developments)

Continental Resources announces pricing of $1.7 bln offering of new senior notes due 2024 and 2044
Monday, 12 May 2014 04:15pm EDT 

Continental Resources Inc:Prices private placement of $1.0 bln of new 3.800pct senior unsecured notes due 2024 and $700.0 mln of new 4.900pct senior unsecured notes due 2044.2024 notes were sold at 99.644pct of par, resulting in a yield to maturity of 3.843pct with respect to the 2024 notes.2044 notes were sold at 99.717pct of par, resulting in a yield to maturity of 4.918pct with respect to the 2044 notes.Offering expected to close on May 19.Net proceeds to be used to repay in full amounts outstanding under its revolving credit facility, to finance the redemption of its 8 ¼pct senior notes due 2019 and for general corporate purposes.  Full Article

Continental Resources, Inc. announces private offering of new senior notes due 2024
Monday, 12 May 2014 08:06am EDT 

Continental Resources, Inc:Intends to offer a series of senior notes due 2024 and a series of senior notes due 2044 in a private placement to eligible purchasers.Intends to use the net proceeds to repay in full amounts outstanding under its revolving credit facility, to finance the redemption of all of its 8 1/4% Senior Notes due 2019 and for general corporate purposes.  Full Article

Continental Resources Inc reaffirms FY 2014 production guidance - Conference Call
Thursday, 8 May 2014 11:00am EDT 

Continental Resources Inc:Says guidance for production growth remains 26 to 32 pct for FY 2014.  Full Article

Continental Resources Inc reiterates FY 2014 production guidance - Conference Call
Thursday, 27 Feb 2014 11:00am EST 

Continental Resources Inc:Reiterated FY 2014 production guidance and remain confident of hitting 26pct to 32pct production growth target.  Full Article

Continental Resources Inc Sees FY 2013 Production Guidance At High End Of Prior Range-Conference Call
Thursday, 7 Nov 2013 11:00am EST 

Continental Resources Inc announced that it on track to hit the high end of the production guidance for fiscal 2013.  Full Article

Continental Resources Inc Issues FY 2014 Production Guidance; Reaffirms FY 2013 Production Guidance
Tuesday, 10 Sep 2013 04:05pm EDT 

Continental Resources Inc announced that for fiscal 2014, it expects to increase total crude oil and natural gas production in a range of 26% to 32%, based on non-acquisition capital expenditures of $4.05 billion. Continental expects average daily production in 2014 will be in a range of 170,000 to 180,000 barrels of oil equivalent (Boe) per day, with an exit rate for December 2014 of approximately 200,000 Boe per day. The Company also re-affirmed its fiscal 2013 production growth rate of 38% to 40%.  Full Article

Continental Resources Inc Announces Closing Of 4 1/2% Senior Notes Exchange Offer
Monday, 15 Jul 2013 07:00am EDT 

Continental Resources Inc announced that it has completed its offer to exchange up to $1.5 billion aggregate principal amount of its 4 1/2% Senior Notes due 2023 registered under the Securities Act of 1933, as amended, for any and all of its outstanding 4 1/2% Senior Notes due 2023, which were issued in a private placement on April 5, 2013.  Full Article

Continental Resources Inc Announces Pricing Of $1.5 Billion Offering Of New Senior Notes Due 2023
Tuesday, 2 Apr 2013 05:19pm EDT 

Continental Resources Inc announced the pricing of its private placement of $1.5 billion of new 4 ½% senior unsecured notes due 2023. The notes were sold at par. The offering is expected to close on April 5, 2013, subject to customary closing conditions. Continental intends to use the net proceeds from the offering of the notes to repay its borrowings outstanding under its revolving credit facility and for general corporate purposes.  Full Article

Continental Resources Inc Announces $1.0 Billion Offering Of New Senior Notes Due 2023
Tuesday, 2 Apr 2013 07:06am EDT 

Continental Resources Inc announced that, subject to market conditions, it intends to offer $1.0 billion in aggregate principal amount of new senior notes in a private placement to eligible purchasers. Continental intends to use the net proceeds of this offering of the notes to repay a portion of its borrowings outstanding under its revolving credit facility and for general corporate purposes.  Full Article

Continental Resources Inc Announces Agreements To Purchase Bakken Assets For $650 Million And To Divest East Region Assets For $125 Million
Wednesday, 7 Nov 2012 06:58pm EST 

Continental Resources Inc announced that it has entered into an agreement to acquire certain Bakken producing and undeveloped properties for $650 million. The property includes leasehold of approximately 120,000 net acres, primarily in Divide and Williams counties, North Dakota, and production of approximately 6,500 barrels of oil equivalent per day (Boepd). In addition, Continental announced it has entered into an agreement to sell producing crude oil and natural gas properties and supporting assets in East Region for cash proceeds of $125 million. The East Region primarily includes properties east of the Mississippi River, including the Illinois Basin and the state of Michigan, among other areas. Both transactions are expected to close prior to December 31, 2012.  Full Article

Deals of the day- Mergers and acquisitions

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