Bank of America 2019 Global Energy Conference November 2019 Jack Stark, President Continental Resources
Continental Resources: Built For The New Era Of Oil And Natural Gas Investment Superior Assets & Operations Unmatched Shareholder Alignment Proven Oil-Weighted Portfolio Sustainable Cash Flow Positive Growth Bakken / SCOOP /…
CLR: Delivering Competitive Returns & Driving Down Debt 2019 Maintenance Capital Implied FCF Yields(1) CLR ROCE(2): 9-12% at 55 WTI in 2019 (Source: Jefferies) 5% 16% 66 EOG CXO CLR PXD 14% FANG WLL WPX 55 (Est) 12% 9-12%…
CLR Continues To Be The Low Cost Leader Amongst Oil-Weighted Peers Low Cost Per Boe(1) Top-Tier G&A(2) Source: Public Company Filings Source: Tudor, Pickering & Holt 9.00 22% APA DVN 20% 8.00 18% PXD WLL NBL OAS 16% 1H19…
CLR Bakken: Exceptional Assets And Execution Delivering Consistent, Industry-Leading Results Since Moving into Multi-Zone Unit Development CLR Developed Bakken Units 440 Gross Operated Unit Wells Completed (2017-2019 YTD) 2017- 2019…
CLR South: Oil Production Up 62% Year-Over-Year Oklahoma SCOOP and STACK Assets Oklahoma Continue to Deliver Outstanding Results Over-Pressured Normal-Pressured Driven by Geologically Superior Oil-Rich 3Q19 Units: Acreage…
SCOOP SpringBoard Hits 23,641 Net Bopd in 3Q19 31% Above Target Springer Rows 1, 2 & 3 Perform as Expected 4Q19 Oil Target Raised to 24,000 Net Bopd 10,000 SpringBoard Range of Well Outcomes 24,000 1.3 MMBoe Springer Type Curve…
STACK: Continued Outstanding Results 57,292 Boepd (67% Oil; 38,320 Bopd) From 2 New Units Reba Jo & Schulte Units Oil Unit Wells Outperforming Unit Type Curve 140 14 Total Wells: Over-Pressured Oil Window Avg. Cumulative MBoe…
CLR Stock Sees Strong Rebound Following Cyclical Lows CLR Value Opportunity WTI Oil Price () 110.00 Depth of Oil-Weighted Inventory Consistent/Repeatable Results from Assets/Operations 90.00 Sustainable Cash Flow Positive Growth…