Edition:
United States

Profile: Continental Resources Inc (CLR)

CLR on New York Consolidated

39.61USD
26 May 2017
Change (% chg)

$-0.50 (-1.25%)
Prev Close
$40.11
Open
$40.13
Day's High
$40.33
Day's Low
$39.48
Volume
3,078,995
Avg. Vol
2,638,977
52-wk High
$60.30
52-wk Low
$39.30

Continental Resources, Inc., incorporated on November 16, 1967, is an independent crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units. The South region includes all properties south of Nebraska and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province (SCOOP), Sooner Trend Anadarko Canadian Kingfisher (STACK), and Arkoma Woodford areas of Oklahoma. The East region is consists of undeveloped leasehold acreage east of the Mississippi River with no drilling or production operations. As of December 31, 2016, the Company's estimated proved reserves were 1,275 million barrels of oil equivalent (MMBoe), with estimated proved developed reserves of 519 MMBoe.

North Region

The Company's principal producing properties in the North region are in the Bakken field and the Red River units. The Bakken field of North Dakota and Montana is a crude oil resource play in the United States. The Company is a producer, leasehold owner and operator in the Bakken. As of December 31, 2016, the Company's total Bakken production was 104,524 barrels of oil equivalent (Boe) per day. The Company's total proved Bakken field reserves, as of December 31, 2016, were 592 MMBoe.

As of December 31, 2016, the Red River units are consisted of nine units located along the Cedar Creek Anticline in North Dakota, South Dakota and Montana that produce crude oil and natural gas from the Red River B formation. The Company's principal producing properties in the Red River units include the Cedar Hills units in North Dakota and Montana, the Medicine Pole Hills units in North Dakota, and the Buffalo Red River units in South Dakota. Its properties in the Red River units comprise a portion of the Cedar Hills field.

South Region

The Company's principal producing properties in the South region are located in the SCOOP and STACK areas of Oklahoma. As of December 31, 2016, the Company's average daily production from such properties was 91,088 Boe per day. The Company's SCOOP play extends across Garvin, Grady, Stephens, Carter, McClain and Love counties in Oklahoma, and contains crude oil and condensate-rich fairways as delineated by various industry wells. It is a producer, leasehold owner and operator in the SCOOP play. As of December 31, 2016, it controlled leasehold positions in SCOOP with approximately 617,700 gross acres under lease. As of December 31, 2016, it has completed 72 gross wells in SCOOP. As of December 31, 2016, it controlled leasehold positions in STACK with approximately 353,800 gross acres under lease.

Company Address

Continental Resources Inc

20 N Broadway
OKLAHOMA CITY   OK   73102-9213
P: +1405.2349000
F: +1405.2349253

Company Web Links