Last $56.73 USD
Change Today -1.15 / -1.99%
Volume 1.7M
CLR On Other Exchanges
New York
As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

continental resources inc/ok (CLR) Snapshot

Previous Close
Day High
Day Low
52 Week High
09/4/14 - $80.91
52 Week Low
12/9/13 - $50.13
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

continental resources inc/ok (CLR) Details

Continental Resources, Inc. is engaged in the exploration, development, and production of crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil production to end users, as well as to midstream marketing companies or crude oil refining companies at the lease. As of December 31, 2013, its estimated proved reserves were 1,084.1 one million barrels of crude oil equivalent (MMBoe), with estimated proved developed reserves of 406.8 MMBoe. Continental Resources, Inc. was founded in 1967 and is headquartered in Oklahoma City, Oklahoma.

1,048 Employees
Last Reported Date: 08/6/14
Founded in 1967

continental resources inc/ok (CLR) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $3.1M
President and Chief Operating Officer
Total Annual Compensation: $1.0M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2013.

continental resources inc/ok (CLR) Key Developments

Continental Resources, Inc. Completes Four New Springer Oil Wells in Oklahoma's Scoop Play

Continental Resources, Inc. announced continued success in its recently unveiled Springer play in the South Central Oklahoma Oil Province (SCOOP). The four new wells had an average horizontal lateral length of approximately 4,475 feet. Continental expects estimated ultimate recovery (EUR) of 940,000 gross Boe per well in the oil fairway of the play for a well with a 4,500-foot lateral section. In November 2014, Continental plans to commence drilling its first extended lateral well in the Springer play, with a planned lateral length of 7,500 feet. The Company expects an average EUR of approximately 1.6 million gross Boe for extended lateral wells of this length, reflecting the 67% longer lateral. Continental reported that the average completed well cost this year has been in line with earlier projected cost of $9.7 million per well. The four newest wells were drilled to an average vertical depth of approximately 12,625 feet and average total measured depth of approximately 17,650 feet. The four new wells, all located in Grady County, include: The Nancy J 1-28H well with an initial 24-hour production test rate of 1,815 barrels of oil equivalent (Boe), with 79% of the initial production being crude oil. The Company has a 57% working interest (WI) in the Nancy J well. The AC Walters 1-27H with an initial 24-hour test rate of 1,630 Boe, of which 78% was crude oil. The Company has an 83% working interest in the AC Walters well. The Schoof 1-17H with an initial 24-hour production of 1,465 Boe, of which 74% was crude oil. The Company has a 99% working interest in the Schoof well. The Ince 1-21H with an initial 24-hour production test rate of 1,037 Boe, of which 86% was crude oil. Continental has a 77% working interest in the Ince 1-21H, which is approximately twenty-five miles south of the Nancy J, AC Walters and Schoof wells. Continental's current Springer production is approximately 6,000 net Boe per day (9,200 gross Boe per day), of which approximately 70% is crude oil. The Company currently has nine operated drilling rigs active in the Springer play, with a focus on rapidly expanding its understanding of the productive extent of the play.

Continental Resources, Inc. Announces Appointment of Jack Stark as President and Chief Operating Officer

Continental Resources, Inc. announced that Jack Stark has been appointed President and Chief Operating Officer by the company's Board of Directors. Stark joined the company in 1992 and has served as Continental's Senior Vice President of Exploration since 1998. Mr. Stark joined Continental in 1992 and brings more than 30 years of industry experience to his new position. He is a member of the American Association of Petroleum Geologists, Oklahoma Independent Petroleum Association, Rocky Mountain Association of Geologists, Houston Geological Society and Oklahoma Geological Society.

Continental Resources Announces Resignation of W.F. "Rick" Bott as President and Chief Operating Officer

Continental Resources, Inc. announced that W.F. "Rick" Bott, President and Chief Operating Officer, resigned to pursue other opportunities. His duties will be absorbed by senior management.


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CLR:US $56.73 USD -1.15

CLR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Concho Resources Inc $108.99 USD -1.93
EQT Corp $88.90 USD +1.25
Noble Energy Inc $57.43 USD -1.05
Pioneer Natural Resources Co $181.11 USD -2.83
Southwestern Energy Co $31.64 USD -1.61
View Industry Companies

Industry Analysis


Industry Average

Valuation CLR Industry Range
Price/Earnings 34.0x
Price/Sales 5.2x
Price/Book 5.0x
Price/Cash Flow 10.9x
TEV/Sales 3.5x

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CONTINENTAL RESOURCES INC/OK, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at