Company
Continental Resources, Inc.
Headquarters: Oklahoma City, OK, United States
Employees: 1,254
CEO: Mr. William B. Berry B.Sc., M.Sc.
Market Cap
$22.25 Billion
USD as of April 1, 2022
Continental Resources, Inc. Categories
United States
languages
Energy
languages
Oil & Gas E&P
United States Energy
United States Oil & Gas E&P
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Industry: Oil & Gas E&P
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Sector: Energy
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Detailed Description
Continental Resources, Inc. explores for, develops, produces, and manages crude oil, natural gas, and related products primarily in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies. As of December 31, 2021, its proved reserves were 1,645 million barrels of crude oil equivalent (MMBoe) with proved developed reserves of 908 MMBoe. The company was founded in 1967 and is headquartered in Oklahoma City, Oklahoma.
Wikipedia Introduction
Continental Resources, Inc. is an American petroleum and natural gas exploration and production company based in the Continental Oil Center in Oklahoma City. The company was founded by Harold Hamm in 1967 at the age of 21 as Shelly Dean Oil Company, originally named for Hamm's two daughters. In 1990, Shelly Dean re-branded itself as Continental Resources. It primarily used hydraulic fracturing and directional drilling to produce from low permeability formations. The company's primary assets include the Bakken formation in North Dakota and Montana, and the STACK and SCOOP plays in Oklahoma. In 2020, total production was 300 thousand barrels of oil equivalent (1,800,000 GJ) per day, of which 58% was petroleum and 42% was natural gas. It is ranked 581st on the Fortune 500.
Source: Wikipedia, retrieved on March 31, 2022, 8:56 p.m.
Product & Services
PetroleumNatural Gas
Key People
Founder(s): Harold Hamm
Harold Hamm, Chairman William B. Berry, CEO John D. Hart, CFO Jack Stark, President
Financials
Revenue: $2.586 billion (2020)
Net income: -$0.596 billion (2020)
Total assets: $14.633 billion (2020)
Total equity: $6.056 billion (2020)