SCOOP Project SpringBoard January 29, 2019 PROPERTY OF CONTINENTAL RESOURCES, INC. REPRODUCTION AND DISTRIBUTION WITH WRITTEN PERMISSION ONLY
Project SpringBoard Progress Update On Pace to Grow CLR Net Oil Production 10% from 3Q18 to 3Q19(1) Springer: Row 1 completed and results are in line with expectations Upgraded development plan Saves 125 million in projected net…
SCOOP Project SpringBoard Overview 400 MMBoe Resource Potential(1) 9+ Miles High Impact CLR-Operated Oil Project Row 1 73-square miles of contiguous leasehold Row 2 Row 5 47,000 gross acres (35,000 net) Row 3 75% avg. CLR working…
SpringBoard Geology: Springer, Sycamore And Woodford Reservoirs N Row 1 N Row 1 Row 2 Row 3 Row 4 Row 5 Row 2 N S N S Row 5 Row 3 Row 4 S S Springer Map View 15-90 Thick Cross Section 3-4 Wells/Unit Sycamore 150-200 Thick…
Springer Results To Date New 9,800 Lateral 1.3 MMBoe Type Curve Springer Wells IP per Well(1) (Boepd) Combined IP (Boepd) Row 1 18 1,292 23,255 Row 1 2018 Row 5 Triple H 4 1,516 6,065 2020 Row 2 2019 2018 Program 22 1,333…
New Springer 9,800 Lateral 1.3 MMBoe Economic Model Updated Development Plan Saves Updated Springer Development Well Economics(1) 125 MM in Projected Net Capex Lateral Length 9,800 Capex 10 MM Lateral Length: Increases 30% from EUR…
Operational Efficiencies Driving Down Costs Achieved 10% Reduction in Springer Completed Well Costs Springer Drilling: 1,400 Springer CWC (/Lateral Ft) 1,213 1,104 Cost reduced by 18% 1,200 1,020 1,000 Cycle time reduced by…
SpringBoards Low Cost, Market Advantaged Barrel Operational Efficiencies High Quality Project in Our Own Backyard Cushing, OK 95% of oil, gas and water in Row 1 on pipe CLR Headquarters Infrastructure allows for uninterrupted flow…
CLRs Project SpringBoard: Translating Assets Into Shareholder Value Assets Value 400 MMBoe Resource Potential(1) 73-Square Miles; 35,000 Net Acres On Track to Grow CLR Net Oil 3 SCOOP Reservoirs 75% Average Working Interest 17%…
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