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Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc.

Continental Resources, Inc. · Mar 6, 2017 · 16 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. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 1
    Raymond James 38th Annual Investor Conference March 2017 NYSE: CLR
  2. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 2
    ROR (%) 0% 20% 40% 60% 80% 100% 120% 140% 160% Meramec Overpressured oil Bakken Core Midland Northern Wolfcamp A & B Tier I Wattenberg Core Marcellus NE PA Delaware Wolfcamp Tier I Meramec Oil Lower Spraberry…
  3. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 3
    2016 Achievements Fuel 2017 Growth Overpressured STACK becomes proven catalyst for growth Adds up to 35% to CLRs net unrisked resource potential Delivering some of the best and most repeatable returns in the country Fullfield…
  4. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 4
    2016 Structural Improvements Carry Into 2017 (1) Production and Cash G&A Costs 10 From 2014 to 2016: 8 7.87 7.76 7.64 Combined production and 6 2.38 2.07 2.06 6.00 5.18 cash G&A(1) costs DOWN 32% /Boe 1.70 4 1.53 Bakken…
  5. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 5
    2017 Capital Focused on High ROR Oil Plays % of D&C Est. Total in MM Capital (1) ROR (2) % Oil (3) Budget % 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…
  6. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 6
    2017 Sets Up MultiYear DoubleDigit Growth Fourth Quarter Production Chart Annual Production Chart 500,000 STACK 450,000 STACK 450,000 SCOOP 400,000 SCOOP 400,000 Bakken Bakken 350,000 9% Legacy Legacy 350,000 300,000 300,000…
  7. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 7
    Three Record CLR Bakken Wells in Last Two Quarters Larger enhanced completions and more aggressive flowback resulted in record 30day rates: Larger enhanced completions well locations Brangus North, Holstein Federal & Rath Federal…
  8. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 8
    Harvesting Uncompleted Bakken Wells Has Begun 5 stimulation crews currently working, increasing Uncompleted well locations to 8 by midMay Targeting completion of 148 Bakken wells in MB,TF1,TF2 2017 Average 980 MBoe EUR per…
  9. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 9
    SCOOP & STACK Leading Acreage Positions in TopTier Plays Formation STACK Atoka Sands Pennsylvanian Morrow Sands 931,000 Net Reservoir Acres Springer Sands STACK SCOOP 200,000 TARGETED RESERVOIRS Springer Shale…
  10. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 10
    CLRs Strategic STACK Position 200,000 net acres in Meramec Wells Drilling / Completing 64,000 net acres added since August 2015 Normally Intermediate pipe required Pressured Over 98% of acreage in over Pressured pressured window…
  11. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 11
    Outstanding First STACK Density Test in Meramec Over Pressured Oil Window CLR: Ludwig Density 1 Mile 21,354 Boe per day (70% oil) from 8 MICROSEISMIC Upper Meramec Meramec wells (combined peak 24hour SURVEY Middle Meramec rates)…
  12. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 12
    STACK 2017 Drilling Focused on Density Development in OverPressured Oil Window Density Activity 47,000 net acres under development Normally 55 operated units Over Pressured Pressured 60% operated working interest Blurton…
  13. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 13
    SCOOP Woodford Condensate: Raising EUR Again by 15% EUR 2,300 MBoe per well up from 2,000 MBoe EUR (7,500 lateral) 80% ROR(1) for 10.3 million CWC Supported by 26 wells with enhanced completions Peppered Ranch Two recent…
  14. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 14
    2017 Guidance Reflects 2016 Achievements FullYear 2016 2017 Guidance as Production & Capital Performance of 2/22/17 Production (Boe per day) 216,912 220,000 230,000 Capital expenditures (nonacquisition) 1.07 billion 1.95 billion…
  15. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 15
    Strong Liquidity & Financial Profile Financial Metrics(2) Unsecured Credit Facility Net Debt(3)/ Net Debt(3) / 2.52x 3.49x Ample liquidity with 2.75 billion 4Q 2016 Annualized EBITDAX(4) TTM EBITDAX(4) revolver; can upsize to 4.0…
  16. Raymond James 38th AnnualInvestor Conference – Continental Resources, Inc. – slide 16
    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:…

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