Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Continental Resources Inc, Valuation and Financial Data 8
Continental Resources Inc, Share Price Performance 8
Share Price Performance, Q4, 2016-Q4, 2017 8
Continental Resources Inc, Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2016-Q4, 2017 9
Continental Resources Inc, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q4, 2016-Q4, 2017 10
Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2016-Q4, 2017 11
Continental Resources Inc, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q4, 2016-Q4, 2017 12
Continental Resources Inc, Quarterly Production Trends 13
Continental Resources Inc, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q4, 2016-Q4, 2017 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017 15
Continental Resources Inc, Crude Oil Production 16
Total Crude Oil Production Trend, Q4, 2016-Q4, 2017 16
Crude Oil Production, By Country/Region, Q4, 2016-Q4, 2017 17
Continental Resources Inc, Natural Gas Production 18
Total Natural Gas Production Trend, Q4, 2016-Q4, 2017 18
Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017 19
Continental Resources Inc, Valuation and Financial Data, 2013-2017 20
Continental Resources Inc, Share Price Performance, 2013-2017 20
Share Price Performance, 2013-2017 20
Key Valuation Metrics, 2013-2017 22
Continental Resources Inc, Production and Reserves Trends 23
Total Oil and Gas, Reserves and Production 23
Total Crude Oil and Natural Gas Production and Reserves Trend, 2013-2017 23
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2013-2017 25
Total Crude Oil and Natural Gas Reserve Changes, 2013-2017 27
Crude Oil/Liquids Production and Reserve 28
Crude Oil/Liquids Production and Reserve Trend, 2013-2017 28
Crude Oil Production and Reserves By Country/Region, 2013-2017 29
Crude Oil/Liquids Reserve Changes, 2013-2017 31
Natural Gas Production and Reserve 32
Natural Gas Production and Reserve Trend, 2013-2017 32
Natural Gas Production and Reserves, By Country/Region, 2013-2017 33
Natural Gas Reserve Changes, 2013-2017 35
Total Crude Oil and Natural Gas Reserves Life Index 36
Total Crude Oil and Natural Gas Reserves Life Index, 2013-2017 36
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2013-2017 37
Continental Resources Inc, E&P Costs Trends 39
Allocation of the Upstream Capital Expenditure 39
Upstream Capital Expenditure, 2013-2017 39
Acquisition Costs By Country/Region, 2013-2017 41
Exploration and Development Costs, By Country/Region, 2013-2017 43
Oil and Gas Cost Per boe, US$/boe 45
Oil and Gas Cost Per boe, US$/boe, 2013-2017 45
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2013-2017 47
Continental Resources Inc, Reserve Replacement Ratio 49
Oil and Gas Production Replacement Ratio 49
Oil and Gas Production Replacement Ratio, 2013-2017 49
Oil and Gas Production Replacement Ratio, By Country/Region, 2013-2017 51
Continental Resources Inc, Results of Oil & Gas Operations Trend 55
Oil and Gas Revenue and Expenses 55
Oil and Gas Revenue and Expenses, 2013-2017 55
Oil and Gas Revenue and Expenses, By Country/Region, 2013-2017 57
Oil and Gas Revenue and Expenses, Per boe 62
Oil and Gas Revenue and Expenses, By boe, 2013-2017 62
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2013-2017 63
Oil and Gas Performance Metrics 67
Continental Resources Inc, Land Holdings and Well Data 68
Developed and Undeveloped Acreage 68
Gross and Net Developed and Undeveloped Acreage, 2013-2017 68
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2013-2017 69
Well Statistics 72
Producible Oil and Gas Well, 2013-2017 72
Producible Oil and Gas Well, By Country/Region, 2013-2017 73
Exploration and Development Wells Drilled, 2013-2017 78
Exploration and Development Wells Drilled, By Country/Region, 2013-2017 80
Recent Developments 81
Continental Resources Inc – Recent Developments 81
Aug 07, 2018: Continental Resources reports second quarter 2018 results and updates full-year guidance 81
Jul 24, 2018: Continental Resources announces preliminary second quarter 2018 production of 284,059 boe per day 85
May 17, 2018: Continental Resources Announces Shelly Lambertz To Continental Board Of Directors 85
Apr 26, 2018: Continental Resources Announces Firm Transportation Agreement On Enable’s Project Wildcat From SCOOP And STACK To Premium Texas Markets 85
Mar 29, 2018: Continental Resources Announces Forthcoming Departure Of Jim Gallogly From Board Of Directors 86
Mar 06, 2018: Velocity Announces Completion Of Crude Oil Pipeline Loop Through SCOOP Play And Construction Of Merge Pipeline Extension With Connections To CVR Refinery And Cushing 86
Feb 27, 2018: Continental Resources Announces Rory R. Sabino As New Vice President For Investor Relations 87
Feb 21, 2018: Continental Resources Reports Fourth Quarter And Full-Year 2017 Results 88
Feb 15, 2018: Continental Resources Announces Preliminary 2017 Results And 2018 Capital Budget 92
Dec 28, 2017: Tallgrass Energy Partners Announces Continental Resources Contract Extension 94
Appendix 95
Methodology 95
Coverage 95
Secondary Research 95
Primary Research 96
Data Information Sources 96
Company Source 96
SEC/Other Regulatory Filings 96
Other Sources 96
Expert Panel Validation 96
Data Definition 96
Oil and Gas Reserves 96
Units of Measure 97
About GlobalData 98
Disclosure 98
Disclaimer 98
Table 1: Continental Resources Inc, Key Facts 7
Table 2: Continental Resources Inc, Share Price Performance, Q4, 2016-Q4, 2017 8
Table 3: Continental Resources Inc, Key Valuation Metrics, Q4, 2016-Q4, 2017 9
Table 4: Continental Resources Inc, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2016-Q4, 2017 10
Table 5: Continental Resources Inc, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2016-Q4, 2017 11
Table 6: Continental Resources Inc, Upstream Capital Expenditure, Q4, 2016-Q4, 2017 12
Table 7: Continental Resources Inc, Total Crude Oil and Natural Gas, Production, Q4, 2016-Q4, 2017 14
Table 8: Continental Resources Inc, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 15
Table 9: Continental Resources Inc, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 16
Table 10: Continental Resources Inc, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 17
Table 11: Continental Resources Inc, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017 18
Table 12: Continental Resources Inc, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017 19
Table 13: Continental Resources Inc, Share Price Performance, 2013-2017 21
Table 14: Continental Resources Inc, Key Valuation Metrics, 2013-2017 22
Table 15: Continental Resources Inc, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 24
Table 16: Continental Resources Inc, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2013-2017 26
Table 17: Continental Resources Inc, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013-2017 27
Table 18: Continental Resources Inc, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 28
Table 19: Continental Resources Inc, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2013-2017 30
Table 20: Continental Resources Inc, Crude Oil Reserve Changes, mmbbl, 2013-2017 31
Table 21: Continental Resources Inc, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 32
Table 22: Continental Resources Inc, Natural Gas Production and Reserves, By Country/Region, bcf, 2013-2017 34
Table 23: Continental Resources Inc, Natural Gas Reserve Changes, bcf, 2013-2017 35
Table 24: Continental Resources Inc, Oil and Gas Reserves Life Index, Years, 2013-2017 36
Table 25: Continental Resources Inc, Oil and Gas Reserves Life Index, By Country/Region, Years, 2013-2017 38
Table 26: Continental Resources Inc, Upstream Capital Expenditure, US$ mil, 2013-2017 40
Table 27: Continental Resources Inc, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2013-2017 42
Table 28: Continental Resources Inc, Exploration and Development Costs, By Country/Region, US$ mil, 2013-2017 44
Table 29: Continental Resources Inc, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2013-2017 46
Table 30: Continental Resources Inc, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2013-2017 48
Table 31: Continental Resources Inc, Oil and Gas Production Replacement Ratio, %, 2013-2017 49
Table 32: Continental Resources Inc, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2013-2017 54
Table 33: Continental Resources Inc, Revenue and Expenses, US$ mil, 2013-2017 56
Table 34: Continental Resources Inc, Revenue and Expenses, By Country/Region, US$ mil, 2013-2017 61
Table 35: Continental Resources Inc, Oil and Gas Revenue and Expenses, US$/boe, 2013-2017 62
Table 36: Continental Resources Inc, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2013-2017 66
Table 37: Continental Resources Inc, Oil and Gas Performance Metrics, 2013-2017 67
Table 38: Continental Resources Inc, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 68
Table 39: Continental Resources Inc, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2013-2017 71
Table 40: Continental Resources Inc, Producible Oil and Gas Wells, 2013-2017 72
Table 41: Continental Resources Inc, Producible Oil and Gas Wells, By Country/Region, 2013-2017 77
Table 42: Continental Resources Inc, Exploratory and Developed Wells, 2013-2017 79
Table 43: Continental Resources Inc, Exploratory and Developed Wells, By Country/Region, 2013-2017 80
List of Figures
Figure 1: Continental Resources Inc, Share Price Performance, USD/Share, Q4, 2016-Q4, 2017 8
Figure 2: Continental Resources Inc, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2016-Q4, 2017 9
Figure 3: Continental Resources Inc, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2016-Q4, 2017 10
Figure 4: Continental Resources Inc, Upstream Capital Expenditure, US$ mil, Q4, 2016-Q4, 2017 12
Figure 5: Continental Resources Inc, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2016-Q4, 2017 13
Figure 6: Continental Resources Inc, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 15
Figure 7: Continental Resources Inc, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 16
Figure 8: Continental Resources Inc, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 17
Figure 9: Continental Resources Inc, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017 18
Figure 10: Continental Resources Inc, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017 19
Figure 11: Continental Resources Inc, Share Price Performance, USD/Share, 2013-2017 20
Figure 12: Continental Resources Inc, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2013-2017 22
Figure 13: Continental Resources Inc, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 23
Figure 14: Continental Resources Inc, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2013-2017 25
Figure 15: Continental Resources Inc, Total Oil & Gas Production, By Country/Region, mmboe, 2013-2017 25
Figure 16: Continental Resources Inc, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2017 27
Figure 17: Continental Resources Inc, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 28
Figure 18: Continental Resources Inc, Oil Reserves, End of Period, By Country/Region, mmbbl, 2013-2017 29
Figure 19: Continental Resources Inc, Oil Production, By Country/Region, mmbbl, 2013-2017 29
Figure 20: Continental Resources Inc, Crude Oil Reserve Changes, mmbbl, 2017 31
Figure 21: Continental Resources Inc, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 32
Figure 22: Continental Resources Inc, Gas Reserves, End of Period, By Country/Region, bcf, 2013-2017 33
Figure 23: Continental Resources Inc, Gas Production, By Country/Region, bcf, 2013-2017 33
Figure 24: Continental Resources Inc, Natural Gas Reserve Changes, bcf, 2017 35
Figure 25: Continental Resources Inc, Oil and Gas Reserves Life Index, Years, 2013-2017 36
Figure 26: Continental Resources Inc, Gas Reserve Life Index, By Country/Region, Years, 2013-2017 37
Figure 27: Continental Resources Inc, Oil & Gas Reserve Life Index, By Country/Region, Years, 2013-2017 37
Figure 28: Continental Resources Inc, Oil Reserve Life Index, By Country/Region, Years, 2013-2017 38
Figure 29: Continental Resources Inc, Upstream Capital Expenditure, US$ mil, 2013-2017 39
Figure 30: Continental Resources Inc, Proved Acquisition Costs, By Country/Region, US$ mil, 2013-2017 41
Figure 31: Continental Resources Inc, Unproved Acquisition Costs, By Country/Region, US$ mil, 2013-2017 41
Figure 32: Continental Resources Inc, Development Costs, By Country/Region, US$ mil, 2013-2017 43
Figure 33: Continental Resources Inc, Exploration Costs, By Country/Region, US$ mil, 2013-2017 43
Figure 34: Continental Resources Inc, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2013-2017 45
Figure 35: Continental Resources Inc, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017 47
Figure 36: Continental Resources Inc, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017 47
Figure 37: Continental Resources Inc, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017 48
Figure 38: Continental Resources Inc, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2013-2017 49
Figure 39: Continental Resources Inc, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2013-2017 51
Figure 40: Continental Resources Inc, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2013-2017 51
Figure 41: Continental Resources Inc, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2013-2017 52
Figure 42: Continental Resources Inc, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2013-2017 52
Figure 43: Continental Resources Inc, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2013-2017 53
Figure 44: Continental Resources Inc, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2013-2017 53
Figure 45: Continental Resources Inc, Revenue and Expenses, US$ mil, 2013-2017 55
Figure 46: Continental Resources Inc, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 57
Figure 47: Continental Resources Inc, Exploration Expenses, By Country/Region, US$ mil, 2013-2017 57
Figure 48: Continental Resources Inc, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 58
Figure 49: Continental Resources Inc, Oil & Gas Revenue, By Country/Region, US$ mil, 2013-2017 58
Figure 50: Continental Resources Inc, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 59
Figure 51: Continental Resources Inc, Production Costs, By Country/Region, US$ mil, 2013-2017 59
Figure 52: Continental Resources Inc, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 60
Figure 53: Continental Resources Inc, Oil and Gas Revenue and Expenses, US$/boe, 2013-2017 62
Figure 54: Continental Resources Inc, Lifting Cost per boe, By Country/Region, US$/boe, 2013-2017 63
Figure 55: Continental Resources Inc, Annual Net Income per boe, By Country/Region, US$/boe, 2013-2017 63
Figure 56: Continental Resources Inc, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2013-2017 64
Figure 57: Continental Resources Inc, Total DD&A per boe, By Country/Region, US$/boe, 2013-2017 64
Figure 58: Continental Resources Inc, Total Revenue per boe, By Country/Region, US$/boe, 2013-2017 65
Figure 59: Continental Resources Inc, Oil and Gas Performance Metrics, 2013-2017 67
Figure 60: Continental Resources Inc, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 68
Figure 61: Continental Resources Inc, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2013-2017 69
Figure 62: Continental Resources Inc, Total Net Undeveloped Acreage, By Country/Region, Acres, 2013-2017 69
Figure 63: Continental Resources Inc, Total Gross Developed Acreage, By Country/Region, Acres, 2013-2017 70
Figure 64: Continental Resources Inc, Total Net Developed Acreage, By Country/Region, Acres, 2013-2017 70
Figure 65: Continental Resources Inc, Producible Oil and Gas Wells, 2013-2017 72
Figure 66: Continental Resources Inc, Gross Productive Gas Wells, By Country/Region, Number, 2013-2017 73
Figure 67: Continental Resources Inc, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2013-2017 73
Figure 68: Continental Resources Inc, Gross Productive Oil Wells, By Country/Region, Number, 2013-2017 74
Figure 69: Continental Resources Inc, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2013-2017 74
Figure 70: Continental Resources Inc, Net Productive Gas Wells, By Country/Region, Number, 2013-2017 75
Figure 71: Continental Resources Inc, Net Productive Oil & Gas Wells, By Country/Region, Number, 2013-2017 75
Figure 72: Continental Resources Inc, Net Productive Oil Wells, By Country/Region, Number, 2013-2017 76
Figure 73: Continental Resources Inc, Exploratory and Developed Wells, 2013-2017 78