Skip to main content STACK DUG Midcontinent Conference – Continental Resources, Inc. Investor Presentation | Shale Experts
Loading...
Pm

STACK DUG Midcontinent Conference – Continental Resources, Inc.

Continental Resources, Inc. · Oct 28, 2016 · 21 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. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 1
    STACK and SCOOP DUG Midcontinent Conference October 28,2016 Jack Stark President COO NYSE: CLR
  2. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 2
    ROR (%) 10% 0% 10% 20% 30% 40% 50% 60% 70% 80% STACK STACK Overpressured oil Overpressured oil Wattenberg Core Midland Northern Wolfcamp A & B Tier I Lower Spraberry Bakken Core Mboe SCOOP Condensate SCOOP…
  3. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 3
    STACK & SCOOP 75% of Oklahoma Rig Count 300 300 280 280 260 OK % CLR % 260 240 STACK 37 48% 11 30% 240 220 220 200 SCOOP 19 25% 4 21% 200 180 OTHER 21 27% 0 0 180 160 160 140 TOTAL 77 100% 15 20% 140 120 OTHER 120 100 100 80 80 60 60…
  4. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 4
    STACK and SCOOP Woodford Petroleum System FORMATION Atoka Sands Pennsylvanian Morrow Sands Industry Horizontal Producers* Springer Sands STACK SCOOP TARGETED RESERVOIRS Springer Shale 58 STACK Mississippian GEOLOGIC…
  5. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 5
    CLRs STACK and SCOOP Assets 926,000 Net Reservoir Acres STACK 183K MeramecOsage/168K Woodford FORMATION SCOOP 384K Woodford/191K Springer Atoka Sands Pennsylvanian Morrow Sands CLR Operated Horizontal Producers* Springer…
  6. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 6
    CLR Production and Reserve Growth STACK/SCOOP 35% of Production STACK/SCOOP 40% of Reserves 250,000 1,400 STACK / NW Cana STACK / NW Cana 219K 215K SCOOP 1,226 SCOOP 7% 1,200 Bakken 7% 200,000 Bakken Legacy Legacy 1,000 34% Boe Per…
  7. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 7
    CLR STACK OverPressured Meramec Results Exceptional and Repeatable First well announced August, 2015 Normally Pressured 15 wells completed FIRST WELL/AUG 2015 OverPressured 300 sq. miles derisked 2782 Boepd 930 psi (76% oil) Tested…
  8. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 8
    Impressive Performance from Wells Producing 90 days CLR STACK OverPressured Meramec Results Data as of August 1, 2016 Cum. Current Current OverPressured Normally Pressured Production Rate Flowing 221 MBoe (70% Oil) Name Days (Mboe)…
  9. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 9
    Outstanding Economics from OverPressured Oil Window CLR Meramec Type Curve and Economics(1) Single Well Economics Type Curve 10,000 1,700 MBoe EUR 40 100% +100% ROR 80% 70% ROR 30 Well Count 1,000 Boe per day 60%…
  10. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 10
    STACK Meramec Quickly Expanding Through StepOuts and Density Testing OverPressured Normally Pressured 37 industry rigs currently drilling 11 CLR rigs Blurton 6 Meramec, 5 Woodford Bernhardt 18 CLR wells WOC 9 true industry density…
  11. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 11
    CLR Density Pilots Underway OverPressured Oil Window 1 Mile Blurton Density Ludwig Unit Aerial 1,320 2,090 660 660 495 440 550 Upper Meramec 705 1,320 1,155 1,155 990 Middle Meramec Lower Meramec Osage/Sycamore 1 Mile 1…
  12. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 12
    CLR SCOOP Assets FORMATION Atoka Sands CLR SCOOP Acreage Pennsylvanian STACK Morrow Sands SCOOP Woodford Springer Sands 384,000 Net Acres GEOLOGIC AGE SPRINGER SHALE SCOOP Springer Mississippian SCOOP Meramec…
  13. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 13
    SCOOP Woodford Condensate Enhanced Completions have Uplifted Production 40% Widespread, Repeatable Results 26 wells with 90 days of production 15% increase in EUR to 2,000 MBoe per well 100% ROR for incremental capital of…
  14. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 14
    SCOOP Condensate Window CLR Enhanced Completion Type Curve and Economics(1) Single Well Economics 10,000 Type Curve 40 100% 30 80% Well Count Boe per day 60% ROR 45% ROR 1,000 20 40% 10 20% 0% 100 0 2 3 4 Gas…
  15. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 15
    SCOOP Woodford Oil Enhanced Completions have Uplifted Production 30% 22 enhanced completions outperform legacy offsets Oil Window Enhanced Completions 30% increase in EUR to 1.3 MMBoe per well (62% oil) for 9,800foot lateral 32%…
  16. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 16
    SCOOP Woodford Condensate Density Results Poteet 10Well Density: 166 Mmcfe Per Day IP (7% Oil) 28 Bcf/384 Mbo cumulative production 47 Mmcfe per day production (7day average) Poteet 10 wells Poteet Daily Production(1) 10 New…
  17. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 17
    SCOOP Woodford Condensate Window Density Projects Strong Repeatable Results Honeycutt Daily Production(1) 10,000 MCFED Newy Vanarkel 1,000 IP: 148 Mmcfe (37% Oil) CUM: 19.7 Bcf/1,385 MBo 8 wells 8 wells 9 New Honeycutt Wells…
  18. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 18
    Sustainable Drilling Efficiencies Realized Through Pad Drilling 0 Poteet Average 1Q'15 Honeycutt Average 2Q'15 5,000 Efficiency gains from 1st to 4th PAD: Vanarkel Average 3Q15 Measured Depth (FT) Newy Average 4Q15 39%…
  19. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 19
    SCOOP Springer Oil Asset Waiting for Higher Prices/Enhanced Completions/2 mile Laterals Historical results in line with 940 MBoe type curve 10,000 90 SCOOP Type Curve (Norm. to 4,500 LL) 80 Act. Production (Norm. to 4,500 LL) 70…
  20. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 20
    CLR Production Expense and Cash G&A Comparison 20 18 CLR Lowest Among Select Peers 16 (As of 2Q 2016) PurePlay 14 Permian Peers 12 /Boe Group 10.82 11.09 10.47 10 average 8+ 8.93 9.35 9.60 8 7.16 6 5.32 5.76 4.94 5.30 4…
  21. STACK DUG Midcontinent Conference – Continental Resources, Inc. – slide 21
    World Class Resource Plays Uncovered in Mature Basin For the young people in the audience: Embrace technology STACK Think out of the box MERGE Next discovery may be right in your CANA backyard SCOOP 22

From the store

Browse maps, data & reports in the Shale Experts store