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INVESTOR PRESENTATION – Continental Resources, Inc.

Continental Resources, Inc. · Jul 28, 2010 · 16 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
    BAKKEN OIL RESOURCE PLAY WILLISTON BASIN (US) OVERVIEW AND HISTORICAL PERSPECTIVE Neil L. Olesen July 28, 2010 1
  2. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 2
    BAKKEN SHALE OVERVIEW WILLISTON (US) The largest oil reserves for a continuous oil accumulation in the lower 48 states. Play covers an estimated 15,000 square miles. Recoverable reserves are estimated at 4.2 billion barrels…
  3. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 3
    BAKKEN SHALE OVERVIEW CONTINENTAL RESOURCES, INC. CRI is a leading Bakken player. Largest leaseholder in the Bakken play with about 807,000 net acres. CRI 2010 capital budget is 1.3 billion, about 70% will be spent on the…
  4. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 4
    BAKKEN MILESTONES STAGE 1 STAGE 2 STAGE 3 CUM ANTELOPE 250 ELKHORN RANCH/ FIELD, ND MMBO BICENTENNIAL COMPLEX, ND VERTICAL ELM COULEE COMPLETIONS FIELD, MT VERTICAL AND HORIZONTAL HORIZONTAL COMPLETIONS COMPLETIONS WITH…
  5. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 5
    GENERAL GEOLOGY - STRUCTURE Symmetrical cratonic basin Bakken play active at depths of 8,500 12,000 Geothermal gradient ranges from 1.8 2.0 degrees F/100 feet Predominantly Laramide structures. Onset of hydrocarbon…
  6. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 6
    GENERAL GEOLOGY - STRATIGRAPHY 6% 100 OHM-M Density/Neutron Resistivity 6
  7. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 7
    GENERAL GEOLOGY - STRATIGRAPHY Productive wells are coincident with areas of thermal maturity. Productive wells are located from Bakken pinch out to Bakken depocenter. Hydrocarbon generation causes fracture generation…
  8. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 8
    GENERAL GEOLOGY CROSS-SECTION Lodgepole A B Upper Bakken 20 Symmetrical cratonic basin 60 120 Middle Bakken Shale Dolomite/Silty Dolomite 40 Lower Bakken Three Forks Shaley Limestone/Limey Shale Sand Sanish Sanish Three…
  9. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 9
    GENERAL GEOLOGY - SUMMARY Basin-centered oil resource play. Hydrocarbon system is charged by thermally mature and high TOC Bakken shale members. Hydrocarbon system is overpressured. Target zones include Middle Bakken member…
  10. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 10
    HISTORICAL PERSPECTIVE AREAS: 4 1) Antelope Field 2) Bicentennial Elkhorn Fields 3) Elm Coulee Field 4) North Dakota Anticline 1 3 TOPICS ADDRESSED: Activity date Geologic overview Drilling and completion 2 methods…
  11. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 11
    CASE HISTORY (1) ANTELOPE FIELD General data: Discovery date: 1953 59 Vertical wells Production from Sanish/Three Forks and Bakken interval Cum Field: 18 MMBOE Cum average well: 1.4 MMBOE, 4-5% porosity Spacing: 40…
  12. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 12
    CASE HISTORY (2) BICENTENNIAL/ELKHORN FIELD General Data: A living laboratory for vertical/horizontal wells and new/old technology Two stages of development: Vertical 1953-87, old horizontal from 1987-1994 84 Vertical wells…
  13. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 13
    CASE HISTORY (3) ELM COULEE General Data: 6/2000 to present 640 wells, 550 sq. mi. area -6000 107 MMBOE produced Dolomite Shoreline Facies Best wells have EURs of 500- 1000 MBOE Dolomite shoreline facies, porosity 5-10 %,…
  14. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 14
    CASE HISTORY (4) ND ANTICLINE General Data: 2004 to present Estimate 750 wells completed 2400 sq. mi. area, 125 miles from north to south Vertical displacement of over 500 feet on Nesson Anticline Middle Bakken and Three Forks…
  15. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 15
    Typical CLR Horizontal Well Configuration Drilling Completion 1,280 acre spacing Currently using 24 stage fracs with some wells treated with as many as 30 stages 10,000 avg. TVD Isolated with swell packers and plugs 9,000 single…
  16. INVESTOR PRESENTATION – Continental Resources, Inc. – slide 16
    CONCLUSIONS Williston Basin (US) Bakken play is a basin-centered oil resource play. Geology can high-grade opportunities within the play. Each area has required a leap forward in drilling and fracture stimulation practices to…

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