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Hart DUO Conference – Continental Resources, Inc.

Continental Resources, Inc. · May 24, 2011 · 18 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. Hart DUO Conference – Continental Resources, Inc. – slide 1
    Continental Resources, Inc. Americas Oil Champion Harts Oil Prone Shales DUO Conference Denver May 24, 2011
  2. Hart DUO Conference – Continental Resources, Inc. – slide 2
    DUO: Developing Unconventional Oil My perspective: Explorationist Continental Resources: 44 years of growth through the drill bit Track record of finding substantial oil fields Cedar Hills Elm Coulee North Dakota Bakken Robert…
  3. Hart DUO Conference – Continental Resources, Inc. – slide 3
    Continental Resources, Inc. 1 oil producer in Williston Basin Accelerating growth with oil-rich drilling inventory Excellent 1Q 2011 Results 269MM EBITDAX (+53% YOY) 34% production growth vs. 1Q10 4
  4. Hart DUO Conference – Continental Resources, Inc. – slide 4
    How Continental Is Creating Value 2011: 35%-to-37% production growth target On track to 3X production and proved reserves 2009-2014 High-margin operator of premium assets A leading leaseholder in the Bakken and Anadarko Woodford…
  5. Hart DUO Conference – Continental Resources, Inc. – slide 5
    The Bakken Continues to Grow 200 Miles CLR Bakken team recently met MIGRATED CONVENTIONAL OIL FIELDS with USGS to discuss possible update of its Bakken analysis 1995: 151MM barrels (USGS) 2008: 4.3B barrels (USGS) 2010: 24B…
  6. Hart DUO Conference – Continental Resources, Inc. – slide 6
    Bakken Picture Continues to Develop CLR analyzed the full scope in late 2010 Key to understanding Bakken development challenges Build the case for infrastructure investment, including pipelines 24B Boe recoverable reserves estimated…
  7. Hart DUO Conference – Continental Resources, Inc. – slide 7
    Bakken Is Substantially De-Risked 868,900 net acres at the end of 1Q11 Fault Zone 68% is de-risked and in development mode 1Q10 Bakken production +67% YOY 308 net producing CLR wells at YE2010 24 operated rigs 151 net wells…
  8. Hart DUO Conference – Continental Resources, Inc. – slide 8
    Bakken Petroleum System U.S. CANADA MARG. SW MATURE MATURE IMMATURE NE Bakken Kitchen Continuous, over-pressured oil trap 275 Miles 9
  9. Hart DUO Conference – Continental Resources, Inc. – slide 9
    Bakken Type Log: Divide County, ND Gamma Ray Resistivity Porosity Mississippian Lodgepole Upper Shale MB drilling target Middle Bakken 100 feet Lower Shale Devonian TFS drilling target Three Forks 8%
  10. Hart DUO Conference – Continental Resources, Inc. – slide 10
    Bakken Production History (MT&ND) Bpd Wells 300,000 6,000 250,000 5,000 200,000 4,000 150,000 3,000 2,300 wells Single-leg HZ, 100,000 multi-stage frac 2,000 50,000 Multi-leg HZ, open-hole frac 1,000 Horizontal wells…
  11. Hart DUO Conference – Continental Resources, Inc. – slide 11
    ND Oil Production Potential (MBopd) YE2015 1,200,000 Bopd* Mid-2014: 250 rigs Nov. 2009 245,820 Bopd April 2011: 170 rigs Nov. 2005 105,159 Bopd *Production forecast: Raymond James & Associates, January 24, 2011. Rig…
  12. Hart DUO Conference – Continental Resources, Inc. – slide 12
    What Does It Matter to the U.S. Since we were projected to be importing 70% of our oil in 2011 13
  13. Hart DUO Conference – Continental Resources, Inc. – slide 13
    US Energy Imports: The Real Numbers 1Q2011 U.S. Crude Oil Supply 1Q2011 U.S. Crude Oil and Liquid Fuels Supply U.S. net oil imports U.S. oil production 8.6 MMBpd 5.6 MMBpd U.S. net imports U.S. supply 61% 39% 8.9 MMBpd 10.2 MMBpd 47%…
  14. Hart DUO Conference – Continental Resources, Inc. – slide 14
    Most U.S. Rigs Now Targeting Crude Oil Natural gas 1,421 1,395 2Q07 901 crude oil 938 864 natural gas 685 Crude oil 509 369 283 191 Source: BHI Onshore Oil Rig Count, BHI Onshore Gas Rig Count, Tudor Pickering Holt…
  15. Hart DUO Conference – Continental Resources, Inc. – slide 15
    World Oil, NGL and Liquids Production MMBoepd 85.3 World +3.7% World MMBoepd 82.3 MMBoepd 10.6 +4.3% Saudi Arabia 10.2 9.9 10.1 +2.3% Russia 7.4 8.8 +19.2% U.S. +4.2% Iran +11.9% China +4.7% Canada (18.1%) Mexico (4.4%)…
  16. Hart DUO Conference – Continental Resources, Inc. – slide 16
    World Crude Oil Proved Reserves 2009 % World Billion Barrels Reserves 1. Saudi Arabia 266.7 19.9% 2. Canada 178.1 13.3% 3. Iran 136.2 10.1% 4. Iraq 115.0 8.6% 5. Kuwait 104.0 7.8% 6. Venezuela 99.4 7.4% 7. UAE 97.8 7.3% 8.…
  17. Hart DUO Conference – Continental Resources, Inc. – slide 17
    Continentals ECO-Pad Technology 18
  18. Hart DUO Conference – Continental Resources, Inc. – slide 18
    Continentals ECO-Pad Technology 19

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