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3Q13 Earnings Supplement – Continental Resources, Inc.

Continental Resources, Inc. · Nov 7, 2013 · 11 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. 3Q13 Earnings Supplement – Continental Resources, Inc. – slide 1
    3Q13 Earnings Supplement November 6, 2013
  2. 3Q13 Earnings Supplement – Continental Resources, Inc. – slide 2
    Outstanding Execution Consistent production growth, 71% oil 141,900 Boepd in 3Q13: +5% sequentially, +38% over 3Q12 Bakken production: 94,500 Boepd, +7% sequentially SCOOP production: 20,100 Boepd, +14% sequentially Record EBITDAX…
  3. 3Q13 Earnings Supplement – Continental Resources, Inc. – slide 3
    Hawkinson Density Project Tests Successful 14,850 Boepd of initial combined production from 14 wells 13,400 Boepd from 11 new wells 1,480 Boepd average 24-hour IP: MB and TF1 (4 wells) 1,070 Boepd average 24-hour IP: TF2 and TF3 W…
  4. 3Q13 Earnings Supplement – Continental Resources, Inc. – slide 4
    Continental Goes Ears Back in Antelope Plan to drill 350 wells over the next four to five years Utilizing mega-pads with as many as 30 wells per pad Full field development to include MB, TF1, TF2 and TF3 Devoting 4+ rigs to…
  5. 3Q13 Earnings Supplement – Continental Resources, Inc. – slide 5
    Theres Only One Bakken: Getting Bigger & Better Three Forks Thickness Map CLR leading basin-wide efforts to optimize oil recovery 1,320 Tangsrud 2013 exploration and delineation LTF 660 Lawrence program Productivity Testing:…
  6. 3Q13 Earnings Supplement – Continental Resources, Inc. – slide 6
    CLR: The Premier Bakken Operator Original YE13 operated goal of 8.2MM revised to 8MM in 2Q13. Achieved revised YE13 goal three months ahead of schedule. Millions 2012 2013 2014 Historical Progress Operated Target 11 11.3…
  7. 3Q13 Earnings Supplement – Continental Resources, Inc. – slide 7
    SCOOP: Continues to Grow SCOOP Oil , Condensate and Gas Window Map Gas Condensate Oil 20,100 Boepd net production for 3Q13 +14% increase sequentially +293% over 3Q12 12 operated rigs currently in the play, 5 drilling cross-unit…
  8. 3Q13 Earnings Supplement – Continental Resources, Inc. – slide 8
  9. 3Q13 Earnings Supplement – Continental Resources, Inc. – slide 9
    Cost Discipline Driving Excellent Margins YTD 2009 2010 2011 2012 3Q 2013 Sept 2013 Realized oil price (/Bbl) 54.44 70.69 88.51 84.59 98.02 91.89 Realized natural gas price (/Mcf) 3.22 4.49 5.24 4.20 5.23 5.16 Oil production (Bopd)…
  10. 3Q13 Earnings Supplement – Continental Resources, Inc. – slide 10
    EBITDAX Reconciliation to GAAP We use a variety of financial and operational measures to assess our performance. Among these measures is EBITDAX. EBITDAX represents earnings (net income) before interest expense, income taxes,…
  11. 3Q13 Earnings Supplement – Continental Resources, Inc. – slide 11
    EBITDAX Reconciliation to GAAP (contd) The following tables provide reconciliations of our net income and operating cash flows to EBITDAX for the periods presented: 9 Months In thousands 2009 2010 2011 2012 3Q 2013 2013 Net income…

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