2017 Budget Slides – Continental Resources, Inc.

Continental Resources, Inc. · Jan 25, 2017 · 7 slides

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Slides

2017 Budget Slides January 2017 NYSE: CLR
2017 Budget Highlights Capital budget of 1.95 billion, cash neutral at 55 WTI Production guidance of 220,000 to 230,000 Boe per day Exit rate of 250,000 to 260,000 Boe per day, up 19% to 24% over 4Q16 average of 210,000 Boe per…
2017 Capital Focused on High ROR Oil Plays Total in MM Capital(1) % of Budget ROR(2) % Oil(3) % Liquids(4) Bakken DUCs(5) 550 32% 100%+ 80% 90% Bakken Drilling 490 28% 40% 80% 90% STACK(6) 375 22% 100%+ 60% 70% SCOOP(7) 245 14%…
2017 Sets Up MultiYear DoubleDigit Growth Annual Production Chart Fourth Quarter Production Chart 450,000 STACK / NW Cana 500,000 STACK / NW Cana 400,000 SCOOP 450,000 SCOOP Bakken 400,000 Bakken 350,000 9% Legacy Legacy…
2017 Guidance Guidance as of Production & Capital January 2017 Full Year Production (Boe per day) 220,000 230,000 Exit rate production (Boe per day) 250,000 260,000 Capital expenditures (nonacquisition) 1.95 billion Operating…
2017 Operational Detail 2017 wells with first production Average Average Gross Net Average Well Cost(1) EUR Operated Operated Total Net Rigs ( in MM) (MBoe) Wells Wells Wells(2) Bakken 4 7.0 920 17 8 43 Bakken DUCs 4.9 980 131…
CONTACT INFORMATION J. Warren Henry Vice President, Investor Relations & Research Phone: 4052349127 Email: Warren.HenryCLR.com Alyson L. Gilbert Manager, Investor Relations Phone: 4057745814 Email: Alyson.GilbertCLR.com Website:…