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Scotia Howard Weil Energy Conference – Continental Resources, Inc.

Continental Resources, Inc. · Mar 22, 2016 · 14 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. Scotia Howard Weil Energy Conference – Continental Resources, Inc. – slide 1
    SCOTIA HOWARD WEIL 44TH ANNUAL ENERGY CONFERENCE MARCH 22, 2016 PROPERTY OF CONTINENTAL RESOURCES, INC. REPRODUCTION AND DISTRIBUTION ONLY WITH WRITTEN PERMISSION 1 AS OF FEBRUARY 2016
  2. Scotia Howard Weil Energy Conference – Continental Resources, Inc. – slide 2
    4Q 2015 RESULTS AND 2016 PRIORITIES 4Q 2015 Exceptional results from over-pressured STACK wells SCOOP Woodford enhanced completions raising the bar YOY results demonstrate asset quality and operational gains Significant operational…
  3. Scotia Howard Weil Energy Conference – Continental Resources, Inc. – slide 3
    2016 OUTLOOK BUILDING ON 2015 ACHIEVEMENTS 2016 BUDGET Capex of 920MM to maintain 200,000 Boe per day production Cash flow neutral at 37 WTI 150MM to 200MM cash flow impact from 5 move in WTI 19 operated drilling rigs (32%…
  4. Scotia Howard Weil Energy Conference – Continental Resources, Inc. – slide 4
    2016 CAPITAL BUDGET ALLOCATION 920 MILLION IN NON-ACQUISITION CAPEX 2016 WELLS WITH FIRST PRODUCTION ( IN MILLIONS) Gross Net Other 58 Operated Operated Total Net Rigs Wells Wells Wells(1) Leasehold 78 Bakken 4 20 15 26 NW Cana…
  5. Scotia Howard Weil Energy Conference – Continental Resources, Inc. – slide 5
    HISTORICAL ORGANIC GROWTH TARGETING 200,000 BOE PER DAY TOTAL PROVED RESERVES DOWN 9% YOY AVERAGE IN 2016 WITH 47% REDUCTION IN WTI PRICES 250,000 1,400 SCOOP 221,715 SCOOP 1,226 Bakken 200,000 1,200 Bakken 200,000 Legacy 28%…
  6. Scotia Howard Weil Energy Conference – Continental Resources, Inc. – slide 6
    CLR ASSETS ARE TOP-TIER IN U.S. SINGLE WELL BREAKEVEN FOR NORTH AMERICAN OIL PLAYS* 90 80 CLR TOP-TIER PLAYS 70 60 50 BAKKEN 40 1,045,000 NET ACRES 30 20 10 0 Wattenberg Inner / Middle STACK(1) Liquids mboeEUR) SCOOP…
  7. Scotia Howard Weil Energy Conference – Continental Resources, Inc. – slide 7
    TOP-TIER RATES OF RETURN STACK OVER-PRESSURED OIL SCOOP WOODFORD CONDENSATE Target EUR: 1,700 MBoe 100% 100% Standard Completion EUR: 1,725 MBoe Avg. Lateral: 9,800 Target Enhanced Completion EUR: 2,000 MBoe 80% Avg. Lateral:…
  8. Scotia Howard Weil Energy Conference – Continental Resources, Inc. – slide 8
    STACK SUPERIOR POSITION IN PLAY 95% IN OVER- PRESSURED WINDOW 3x uplift in 90-day rates(1) Blurton 1-7-6XH Thicker reservoir Ladd 1-8-5XH Compton 1-2-35XH 700 1,200 thick Marks 1-9-4XH 90% liquids-rich 55% HBP, 70% by YE 2016…
  9. Scotia Howard Weil Energy Conference – Continental Resources, Inc. – slide 9
    STACK OVER-PRESSURED OIL ECONOMIC MODEL INITIAL TYPE CURVE BASED ON EARLY RESULTS FROM 14 WELLS STACK Over-Pressured Oil STACK OVER-PRESSURED OIL 9,800 9,800' Type Curve Data PRODUCTION PROFILE 10 MILLION CWC 10,000 Oil IP Rate,…
  10. Scotia Howard Weil Energy Conference – Continental Resources, Inc. – slide 10
    SCOOP ENHANCED COMPLETIONS 30% TO 35% EARLY PRODUCTION UPLIFTS SCOOP WOODFORD CONDENSATE WINDOW (1) (7 WELLS WITH 90+ DAYS OF PRODUCTION) 15 enhanced completions; seven with more than 90 days of production Condensate EUR…
  11. Scotia Howard Weil Energy Conference – Continental Resources, Inc. – slide 11
    SCOOP WOODFORD DENSITY PILOTS EXPANDING AND DERISKING DENSITY TESTING TO DEFINE OPTIMUM SPACING Five in the condensate window Good Martin Unit PROJECT OF WELLS STATUS Poteet 10 Producing May Unit Honeycutt 10 Producing Vanarkel 8…
  12. Scotia Howard Weil Energy Conference – Continental Resources, Inc. – slide 12
    BAKKEN FOCUSING ON THE CORE OUTLINES OF PRODUCTIVE BAKKEN AND THREE FORKS RESERVOIRS CANADA AVERAGE EUR UP 13% FROM 2015 MB & TF1 2016 target average EUR: 900 MBoe per well(1) 2015 average EUR: 800 MBoe per well(1) Finding and…
  13. Scotia Howard Weil Energy Conference – Continental Resources, Inc. – slide 13
    BAKKEN CYCLE TIMES & COMPLETION COSTS DOWN SPUD TO TD Cycle Times (Average Days)(1) Days - 23% reduction in 2015 20 17.5 17.6 Feet per day - 29% faster in 2015 16.6 15.0 100% of wells 16.5 days spud to TD 15 13.4 23% Days…
  14. Scotia Howard Weil Energy Conference – Continental Resources, Inc. – slide 14
    STRONG LIQUIDITY & FINANCIAL PROFILE UNSECURED CREDIT FACILITY FINANCIAL METRICS(2) Ample liquidity with 2.75 billion revolver Net Debt/YE 2015 Net Debt/TTM EBITDAX(3) 3.59x 5.80 and ability to upsize to 4.0 billion(1) Proved…

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