Continental

Shale Pioneer Hamm Ups Deal Price in Taking Continental Private

Shale Pioneer Hamm Ups Deal Price in Taking Continental Private

Harold Hamm, the billionaire executive chairman of Continental Resources Inc., is set to take the largest Bakken Shale producer private with a new deal announced Monday. The Oklahoma City-based public explorer entered into an agreement with Omega Acquisition Inc., an Oklahoma subsidiary owned by Hamm, to begin a tender offer for the company’s outstanding common…

October 17, 2022
U.S. E&Ps Returning Cash to Shareholders, but Is Output Also Set to Climb?

U.S. E&Ps Returning Cash to Shareholders, but Is Output Also Set to Climb?

Natural gas and oil demand has risen since Russia invaded Ukraine in late February, but exploration and production (E&P) executives in first quarter conference calls clung to capital discipline, favoring shareholder returns over boosting output. With the quarter now in the rearview mirror, a myriad of questions remains to determine the direction of U.S. activity…

June 2, 2022
Continental Investing in Midwest Carbon Capture Pipeline, Sequestration Project

Continental Investing in Midwest Carbon Capture Pipeline, Sequestration Project

Continental Resources Inc. is investing in a pipeline to capture and then transport carbon from ethanol plants across the Midwest to a sequestration project in North Dakota. The Oklahoma City-based independent will invest $250 million in Summit Carbon Solutions’ project to capture carbon dioxide (CO2) from ethanol plants and other industrial sources in Iowa, Nebraska,…

March 9, 2022
Continental Propels Oklahoma Natural Gas Output Above Quarterly Forecast

Continental Propels Oklahoma Natural Gas Output Above Quarterly Forecast

Continental Resources Inc. reported better-than-expected natural gas production from its home base of Oklahoma for the third quarter of 2021. The Oklahoma City-based independent plans to maintain an emphasis on natural gas projects in the Sooner State amid the higher price environment. “We have elected to continue focusing on natural gas developments in Oklahoma based…

October 27, 2021
Continental Pivoting to Oil-Weighted Bakken, SCOOP as Market Rebalances

Continental Pivoting to Oil-Weighted Bakken, SCOOP as Market Rebalances

Continental Resources Inc. plans to pivot from natural gas to oil-directed drilling in the latter half of 2021 in response to strengthening crude prices and a tighter supply-demand balance. Drilling in 2021 is to be mainly focused on the South Central Oklahoma Oil Province (SCOOP) and the mighty Bakken Shale of North Dakota, management said…

May 5, 2021
Continental May Exceed 2021 Oil, Natural Gas Production Guidance in Midcontinent as Net Debt Falls

Continental May Exceed 2021 Oil, Natural Gas Production Guidance in Midcontinent as Net Debt Falls

Continental Resources Inc. said Tuesday it is on track to meet or exceed its 2021 full-year oil and natural gas production guidance. The Oklahoma City-based exploration and production (E&P) company also indicated that it has lowered its total debt by 10% since the end of 2020. In an update ahead of its 1Q2021 earnings call…

April 14, 2021

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
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