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Q2 2014 EARNINGS CALL – Continental Resources, Inc.

Continental Resources, Inc. · Aug 5, 2014 · 13 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q2 2014 EARNINGS CALL – Continental Resources, Inc. – slide 1
    2Q14 Earnings Supplement August 5, 2014
  2. Q2 2014 EARNINGS CALL – Continental Resources, Inc. – slide 2
    2Q14 Operational & Financial Highlights 2Q14 production: 167,953 Boe per day, up 24% EBITDAX (MM) since 2Q13 and 10% sequentially (69% oil) 3,000 Bakken: 108,573 Boe per day, up 23% over 2Q13 2Q EBITDAX SCOOP: 34,265 Boe per day, up…
  3. Q2 2014 EARNINGS CALL – Continental Resources, Inc. – slide 3
    Theres Only One Bakken: Getting Bigger & Better 2Q14 Bakken Production: 108,573 Boe per day +23% over 2Q13, +11% over 1Q14 Completed 93 net (224 gross) Bakken wells in 2Q14 1,320 Tangsrud* LTF 660 Lawrence** 2014 full-year plan: 287…
  4. Q2 2014 EARNINGS CALL – Continental Resources, Inc. – slide 4
    Early Success with Slick Water Completions Continues Cumulative Production vs Producing Days 140,000 Madison 2-28H: 279 Days 35% higher than 603 MBoe 50% higher than average of 120,000 neighboring wells Cumulative Production…
  5. Q2 2014 EARNINGS CALL – Continental Resources, Inc. – slide 5
    Both Large Proppant Volume & Slick Water Approaches Provide Encouraging Enhanced Completions Initial Results Middle Bakken: Test Area Wells Large Large Proppant Proppant Average Slickwater Average Test Area Williston MB MB Type…
  6. Q2 2014 EARNINGS CALL – Continental Resources, Inc. – slide 6
    SCOOP: Continued Exploration and Appraisal 2Q14 net production: 34,265 Boe per day SCOOP Oil , Condensate and Gas Window Map Up 17% sequentially, up 95% over 2Q13 Gas Condensate Oil 2Q14 Oil Window IP Rates Kolt 1-17H: IP of 668…
  7. Q2 2014 EARNINGS CALL – Continental Resources, Inc. – slide 7
    Optimizing SCOOP Spacing: Poteet Density Pilot First CLR SCOOP density pilot: Poteet Unit (NE Stephens County) 10 wells total planned Well Placement: 5 wells in the upper Woodford and 5 wells in the lower Woodford To be drilled from…
  8. Q2 2014 EARNINGS CALL – Continental Resources, Inc. – slide 8
    September 18, 2014 in Oklahoma City Visit www.CLR.com to Register 9
  9. Q2 2014 EARNINGS CALL – Continental Resources, Inc. – slide 9
    Appendix
  10. Q2 2014 EARNINGS CALL – Continental Resources, Inc. – slide 10
    Cost Discipline Driving Excellent Margins 2009 2010 2011 2012 2013 2Q2014 1H2014 Realized oil price (/Bbl) 54.44 70.69 88.51 84.59 89.93 92.31 91.12 Realized natural gas price (/Mcf) 2.95 4.26 4.87 3.73 4.87 5.43 6.20 Oil production…
  11. Q2 2014 EARNINGS CALL – Continental Resources, Inc. – slide 11
    EBITDAX Reconciliation to GAAP We use a variety of financial and operational measures to assess our performance. Among these measures is EBITDAX. EBITDAX represents earnings (net income) before interest expense, income taxes,…
  12. Q2 2014 EARNINGS CALL – Continental Resources, Inc. – slide 12
    EBITDAX Reconciliation to GAAP (contd) The following tables provide reconciliations of our net income and operating cash flows to EBITDAX for the periods presented: In thousands 2009 2010 2011 2012 2013 2Q2014 1H2014 Net income…
  13. Q2 2014 EARNINGS CALL – Continental Resources, Inc. – slide 13
    Adjusted Earnings Reconciliation to GAAP Our presentation of adjusted earnings and adjusted earnings per share that exclude the effect of certain items are non-GAAP financial measures. Adjusted earnings and adjusted earnings per share…

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