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Investor Presentation – Continental Resources, Inc.

Continental Resources, Inc. · Sep 10, 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. Investor Presentation – Continental Resources, Inc. – slide 1
    CLR Investor Presentation: 2014 Guidance Overview Property of Continental Resources, Inc. Reproduction and distribution only with written permission.
  2. Investor Presentation – Continental Resources, Inc. – slide 2
    Progress Report for Five-Year Plan Metrics and Measurements of Success Status/Forecast 2013 2014 2015 2016 2017 Objective Triple production by 2017 Triple proved reserves by 2017 Exploration: - Confirm lower Three Forks -…
  3. Investor Presentation – Continental Resources, Inc. – slide 3
    On Track to Achieve Five-Year Plan 2014 production target: 26% to 32% growth Maintain high-level execution with long-term, repeatable inventory Consistent, high-value production growth in 2014 70% crude oil production 400 net well…
  4. Investor Presentation – Continental Resources, Inc. – slide 4
    2014 Operational and Financial Guidance As of September 10, 2013 2013 2014 Production growth (YOY) 38% to 40% 26% to 32% Capital expenditures (non-acquisition) 3.6B 4.05B Operating Expenses: Production expense per Boe 5.60 to…
  5. Investor Presentation – Continental Resources, Inc. – slide 5
    1 Leaseholder in the Bakken Increasing average 2014 operated rig count to 21, up from 20 in 2013 Full Development 17 rigs in ND and 4 rigs in MT Allocated 71% of total 2014 drilling capex 300 net Bakken well completions planned in…
  6. Investor Presentation – Continental Resources, Inc. – slide 6
    Picking up the Pace in SCOOP SCOOP Oil , Condensate and Gas Window Map Gas Condensate Oil Ramping average operated rig count to 18 in 2014, currently at 10 rigs Allocated 25% of 2014 drilling capex to SCOOP 74 net well completions…
  7. Investor Presentation – Continental Resources, Inc. – slide 7
    CLR Clear Vision for Growth Production Proved Reserves MMBoe 300 MMBoe 120 First Half MBoepd Second Half 100 108+ 1500 1,524 80 1000 60 64 98 922 MBoepd 50 785 40 500 19.3 508 20 23.3 16.4 0 0 2012 MY13 2013*…
  8. Investor Presentation – Continental Resources, Inc. – slide 8
    2014 Capital Expenditures Budget* Total Capital Expenditures: 4.05B Drilling Capital Allocation: 3.5B Other Exploratory Other Development Drilling SCOOP 510MM 150MM 500MM 885MM Development Bakken 2,505MM Drilling…
  9. Investor Presentation – Continental Resources, Inc. – slide 9
    Appendix
  10. Investor Presentation – 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. Investor Presentation – 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: In thousands 2009 2010 2011 2012 2Q 2013 1H 2013 Net income 71,338…

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