Continental

Continental Proves Its Primacy in Oklahoma’s SCOOP and STACK

Oklahoma City, OK-based Continental Resources Inc. turned in a third quarter earnings report that beat expectations across the board, but results in Oklahoma demonstrated the company’s dominance as one of the only producers to continuously outperform in a play that has sent multiple operators running.

November 1, 2019
Continental’s New Bakken Crude Project to Start Producing in 2020

Continental’s New Bakken Crude Project to Start Producing in 2020

Oklahoma City-based Continental Resources Inc. has announced new details for its Long Creek Bakken Unit development project, which includes a production start date in the third quarter of 2020.

August 7, 2019

Lagoon Buys Continental Oklahoma Oilfield Water System for $85M

Oklahoma City-based Lagoon Water Solutions on Tuesday paid $85 million for part of Continental Resources Inc.’s oilfield water system serving Oklahoma’s busiest reservoirs, the STACK, aka the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties, and the SCOOP, South Central Oklahoma Oil Province.

August 2, 2019

SpringBoard Ahead of Schedule and WTI Higher, but Continental Holding Firm on Capex

Continental Resources Inc. said it was ahead of schedule with a multi-year program to develop oil and liquids-rich assets in Oklahoma’s stacked reservoirs, but it will hold the line on spending, even as a rebound in oil prices is projected to bring close to $1 billion in free cash flow by year’s end.

May 1, 2019

Continental Reports Surge in STACK, SCOOP Production

Continental Resources Inc. reported production increases across the board, including a surge in the Midcontinent, and said plans are on track to reduce debt sharply by year’s end.

February 19, 2019

Continental Raises Capex, Production Outlook for 2019

Continental Resources Inc. broke ranks with its fellow explorers and announced plans to raise capital spending to $2.6 billion in 2019, as it looks to grow its Lower 48 oil and gas production and generate enough cash flow to reach a goal of reducing its net debt to $5 billion.

February 15, 2019
Continental Cuts Capital, Extends Laterals on Project SpringBoard

Continental Cuts Capital, Extends Laterals on Project SpringBoard

Continental Resources Inc. said it expects to save about $125 million in capital costs by shifting to 30% longer laterals within Project SpringBoard, a multi-year program to develop its oil and liquids-rich assets in Oklahoma’s myriad stacked reservoirs.

January 30, 2019
Continental Raising Guidance, Capex with Bakken, Midcon Growth in Sight

Continental Raising Guidance, Capex with Bakken, Midcon Growth in Sight

Continental Resources Inc. raised its production guidance and increased capital expenditures (capex) for the year, as it plans to deploy more rigs in the Bakken Shale and a multi-year development program targeting Oklahoma’s myriad stacked reservoirs.

August 9, 2018

Continental Brings in Partner to Offset STACK/SCOOP Expenses

Toronto-based Franco-Nevada agreed Monday to pay $220 million for a stake in a newly formed Continental Resources Inc. subsidiary that would acquire minerals in the Oklahoma City-based independent’s holdings in the SCOOP and STACK, aka the South Central Oklahoma Oil Province and the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties.

August 7, 2018

Continental Falls Short on 2Q Production Targets, Still Expects to Hit Guidance

Despite missing investor expectations for the second quarter, Oklahoma City-based Continental Resources Inc. said late Monday it expects total production to be at the top end of its full-year production guidance and the forecast 2018 exit rate.

July 25, 2018
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