Click to edit Master title style Investor Update November 2020 NYSE: CLR PROPERTY PROPERTY OF CONTINENTAL OF CONTINENTAL RESOURCES, RESOURCES, INC. REPRODUCTION INC. REPRODUCTION AND DISTRIBUTION AND DISTRIBUTION WITH…
Click to edit Why Master Invest title style In Continental Resources: Five Consecutive Years of Sustainable Free Cash Flow(1) Track Record of Shareholder Capital Returns & Debt Reduction Lowest Cost Operator Among…
Click to edit Proven Master Track titleofstyle Record Sustainable Free Cash Flow 1. CLR free cash flow (FCF) is a non-GAAP measure. See slide 16 for a definition and reconciliation of FCF to the most comparable U.S. GAAP financial…
Click Peer to edit Master Leading Capitaltitle style & Low Cost Leadership Efficiency Select peers include CXO, DVN, EOG, FANG, MRO, PXD, WPX and XEC. 1. Source: BMO Capital. 2019 drill bit F&D costs include development and…
2020: Maximizing Shareholder Value Click to edit Master title style Through Capital Efficiencies & Low Cost Leadership 2020 Value Drivers 3Q20 Results 2020 on Track Maximizing Free Cash Flow 258 MM FCF(1) Expect 5th Consecutive…
Click to edit 2021: Master title Maximizing FCFstyle & Prioritizing Debt Paydown Projecting 65% to 75% CFFO Reinvestment Rate for 2021 2021E FCF(2) 2021E FCF Yield(3) YE21 Price Scenario(1) 2021E Capex (Non-GAAP) (Non-GAAP) Total…
ClickInnovation to edit Master titleSustainable Driving style Cost Savings Bakken: 70% Structural Cost Savings Oklahoma: 80% Structural Cost Savings 1. Capital efficiency is the cumulative 12 month net Boe (6:1) divided by net…
SCOOP SpringBoard I Click toStrong edit Master title style Woodford Performance As Expected 78 Woodford Producers SpringBoard I Woodford Oil Well Performance 46 Woodford Wells Completed in 2020 Performing in Line with Type Curve…
Click to Bolt-On Strategic edit Master title style Acquisition Grows SCOOP SpringBoard Assets Acquired 19,500 Acres in SCOOP (80% HBP) Strong Results from Recent SpringBoard III & IV Delineation Wells Strategically Located in…
ClickOklahoma to edit Master Assetstitle styleCommodity Optionality Provide Capitalizing on Increasing Gas Prices in 2021 2021 HH Strip Up 65% vs. 1H20 Settle In 2Q20, Strategically Shifted Rigs to Gas-Weighted Assets in…
Click to edit Master Continental title style Fueling a Better World ESG: Responsibly Ongoing commitment to supplying clean burning natural gas & light sweet crude oil to U.S. & global markets. We believe domestic oil and natural gas…
Click to Information Contact edit Master title style Rory Sabino Vice President, Investor Relations Phone: 405-234-9620 Email: Rory.SabinoCLR.com Lucy Guttenberger Investor Relations Analyst Phone: 405-774-5878 Email:…
Click to edit Master title style REFERENCE MATERIALS PROPERTY OF CONTINENTAL RESOURCES, INC. REPRODUCTION AND DISTRIBUTION WITH WRITTEN PERMISSION ONLY 14
Click to edit 2020Master title style Guidance & Operating Detail Production & Capital 2020 Guidance On Track Capital expenditures budget 1.2 Billion Oil Production (Bo per day) 155,000 to 165,000 Natural Gas Production (Mcf per…
ClickCash Free to edit FlowMaster title Cash and Free style Flow Yield Our presentation of free cash flow and free cash flow yield are non-GAAP measures. We define free cash flow as cash flows from operations before changes in working…
Click Net to edit Debt Master titleTostyle Reconciliation GAAP Net debt is a non-GAAP measure. We define net debt as total debt less cash and cash equivalents as determined under U.S. GAAP. Net debt should not be considered an…
Click to edit EBITDAX Master titleTostyle Reconciliation GAAP We use a variety of financial and operational measures to assess our performance. Among these measures is EBITDAX, a non-GAAP measure. We define EBITDAX as earnings before…
Click to edit EBITDAX Master titleTostyle Reconciliation GAAP The following tables provide reconciliations of our net income and net cash provided by operating activities to EBITDAX for the periods presented: Three months ended…
Click to editEarnings ADJUSTED Master Reconciliation title style To GAAP Our presentation of adjusted earnings and adjusted earnings per share that exclude the effect of certain items are non-GAAP financial measures. Adjusted earnings…
Click Net to edit Sales Master Prices title style To GAAP Reconciliation Revenues and transportation expenses associated with production from our operated properties are reported separately. For non-operated properties, we receive a…
Click G&A Cash to edit Master title To Reconciliation style GAAP Our presentation of cash general and administrative (G&A) expenses per Boe is a non-GAAP measure. We define cash G&A per Boe as total G&A determined in accordance with…
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