Continental Resources, Inc. Company News

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Houston Oil Benchmark Responds to 2020 'Wake-Up Call'
The new oil futures contract will trade under the symbol "HOU."
8:00 PM EST | June 21, 2021
Hamm Sees Backstop in Congress if Biden Takes White House
Oilman Harold Hamm, a Trump confidant, said he's waiting for all legal votes to be counted.
7:00 PM EST | November 05, 2020
Hamm Sees Potential for $6 Gasoline Under Biden Admin
The prediction hinges on a dramatic surge in crude oil prices.
8:00 PM EST | October 21, 2020
Agile but Slow US Shale Recovery Likely
Firmer oil prices have resulted in companies bringing back some wells they shut over April and May. However, the recovery road could be a long one this time around.
8:00 PM EST | June 30, 2020
ConocoPhillips to Ramp Up Oil Production
ConocoPhillips said it will begin restoring curtailed oil production in July as crude prices rebound from their lockdown depths.
8:00 PM EST | June 29, 2020
US Shale Has a Long Road to Recovery
Some say the recent well reopenings will do little to bring new growth to an industry still being starved of cash by Wall Street.
8:00 PM EST | June 23, 2020
Continental Switching Gears on Production Curtailments
But the comeback will be gradual.
8:00 PM EST | June 21, 2020
Hamm's Continental Sued Over Failed $200MM Oil Deal
It's the latest example of an oil and gas deal running into snags amid the unprecedented plunge in crude prices.
8:00 PM EST | April 27, 2020
Continental Slashes Budget by 55 Percent
Harold Hamm says the adjustment was precipitated by the collapse of oil prices due to market manipulation.
8:00 PM EST | March 19, 2020
Continental to Keep 2020 Capex Spending Flat
The budget assumes $55 WTI and $2.50 Henry Hub prices.
7:00 PM EST | February 27, 2020
Continental Mulls Sale of Stake in Water Unit
Continental Resources Inc. is exploring a sale of a non-controlling stake in its water-infrastructure business that could value the unit at $1 billion or more.
8:00 PM EST | October 07, 2019
Energy Stocks Hurt By Oil Slump Want Value Investors
The Russell 3000 reconstitution later this month will be key for energy companies vying for investor attention, given an already low weighting in the index.
8:00 PM EST | June 05, 2019
Continental Resources Sees 15-20 Pct Output Growth in 2019
A large portion of the company's growth is focused on its SpringBoard development in Oklahoma's SCOOP formation.
8:00 PM EST | August 07, 2018
Continental Resources Raises 2018 Production, Spending Outlook
Shale oil producer Continental Resources raised its 2018 production outlook, citing improved performance in North Dakota and operational efficiencies, as well as increased drilling activity in Oklahoma.
8:00 PM EST | August 06, 2018
Continental Resources CEO Harold Hamm Pulls Out Of OPEC Meeting
Harold Hamm, founder and CEO of Continental Resources, has canceled a scheduled appearance at an OPEC event this week, a company spokeswoman says.
8:00 PM EST | June 17, 2018
Continental Resources Profit Surges Past Wall Street's Forecast
Continental Resources posts a better-than-expected quarterly profit.
8:00 PM EST | May 01, 2018
Continental Resources Boosts CEO Hamm's Pay 38 pct in 2017
U.S. shale oil producer Continental Resources Inc said it boosted founder and Chief Executive Harold Hamm's compensation by 38 percent in 2017.
8:00 PM EST | April 04, 2018
Kemp: US Shale Returns to Growth, Posing Problem for OPEC
US crude oil prices have risen above $60 per barrel which should accelerate shale drilling and production in the next few months, provided the price increase is sustained.
7:00 PM EST | January 04, 2018
Shale King Hamm Wants to Give Oil Forecasters a Reality Check
Hamm blames overly optimistic government production predictions for depressing US oil prices.
7:00 PM EST | November 15, 2017
Shale Billionaire Hamm Slams 'Exaggerated' US Oil Projections
Harold Hamm says the government was way too optimistic with its prediction of more than 1 million new barrels a day in US production.
8:00 PM EST | September 21, 2017
Continental Resources CEO: Absolutely No New Debt
Continental Resources will fund future wells from cash flow and not take on any new debt, Chief Executive Harold Hamm says.
8:00 PM EST | August 08, 2017
Continental Becomes Latest US Shale Producer To Cut Budget
Continental Resources cut its 2017 capital budget, the latest US shale oil producer to cut back on drilling and fracking equipment amid tepid crude prices.
8:00 PM EST | August 07, 2017
Kemp: US Shale Producers Are Drilling Themselves into a Hole
Drilling and production are rising. Prices are declining.
8:00 PM EST | June 29, 2017
Oil, Gas CEOs Optimistic about Future of E&P in North America
Oil and gas CEOs Harold Hamm, Jeff Ventura and Al Walker are ready to ramp up US exploration and production activity and hope the industry is equipped.
7:00 PM EST | March 09, 2017
Continental Resources Posts Wider Loss On Oil Price Slump
Continental Resources posts a quarterly loss that missed Wall Street's expectations because of the slump in crude prices.
8:00 PM EST | August 02, 2016
Rising Oil Prices Encourage Shale Producers, Dissuade Investors
The oil market just hit a yellow light.
8:00 PM EST | June 12, 2016
In North Dakota's Oil Patch, A Humbling Comedown
Dave Van Assche's postal services business he had built over three short years was thriving, catering to the tens of thousands of people who, like him, had streamed into North Dakota to strike it rich during an unprecedented oil boom.
8:00 PM EST | May 17, 2016
As Oil Boom Goes Bust, Oklahoma Protects Drillers and Squeezes Schools
After intense lobbying, Oklahoma's oilmen scored a victory two years ago. State lawmakers voted to keep in place some of lowest taxes on oil and gas production in the United States - a break worth $470 million in fiscal year 2015 alone.
8:00 PM EST | May 16, 2016
US Shale's Message For OPEC: Above $40, We Are Coming Back
For leading US shale oil producers, $40 is the new $70.
7:00 PM EST | February 28, 2016
US Shale Oil Drillers Finally Buckling as OPEC Pumps On
US oil drillers are finally beginning to buckle. For more than a year, American oil producers found a way to keep pumping despite a worldwide slide in crude prices.
7:00 PM EST | February 25, 2016
Continental Resources Quarterly Loss Misses Expectations
Continental Resources reports a bigger-than-expected 4Q loss as depressed crude prices erode margins.
7:00 PM EST | February 23, 2016
U.S. Shale Firms, Struggling to Profit with $30 Oil, Slash Spending More
Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30 a barrel oil prices, with one of them saying prices would need to rise more than 20 percent just to turn a profit.
7:00 PM EST | January 26, 2016
Continental Resources Slashes 2016 Budget By 66%
Continental Resources said it would slash its 2016 capital budget by 66% as it tries to preserve cash amid tumbling crude prices.
7:00 PM EST | January 25, 2016
County Official: Continental Resources Rig Catches Fire in Oklahoma
A rig operated by Continental Resources caught fire roughly six miles east of Chickasha, Oklahoma, an official with the county Emergency Management Department says.
7:00 PM EST | January 13, 2016
Report: With Oil Hedges Rolling Off, US Shale Producers Face Stiff Test
Cash-strapped U.S. shale oil producers are facing another sharp sell-off in a 18-month-old crude slump with reduced hedging protection, risking a severe hit to earnings if prices fail to recover.
7:00 PM EST | December 13, 2015
Continental Resources Boosts Crude Output Forecast
Continental Resources boosts production forecast despite posting a quarterly loss.
7:00 PM EST | November 03, 2015
Continental Resources Cuts 2015 Budget On Low Oil Prices
Continental Resources says it would cut at least 11% from its 2015 capital budget due to the drop in crude prices.
8:00 PM EST | September 07, 2015
Continental Resources Profit Beats As Cost Cuts Offset Cheap Oil
Continental Resources posts a better-than-expected quarterly profit as the company slashed costs to offset plunging crude prices.
8:00 PM EST | August 04, 2015
Continental Resources Quarterly Loss Less Than Expected
Continental Resources posts a quarterly loss that was less than Wall Street had expected as cost cuts helped offset low oil prices.
8:00 PM EST | May 05, 2015
Continental Gets One Last Boost From Sale Of Oil Hedges
Continental Resources posts a quarterly profit far above Wall Street's expectations, as a one-time gain from the sale of hedges lifts results and offsets tumbling commodity prices.
7:00 PM EST | February 23, 2015
Kemp: Continental Becomes Lightning Rod For Fears About Shale
Continental's decision to lift most of its hedges for 2014, 2015 and 2016 has made the company a lightning rod for concerns about the impact of falling oil prices on the US shale sector.
7:00 PM EST | December 01, 2014
Going Out On A Limb, North Dakota Oil Titan Scraps Hedges
Harold Hamm stuns a bearish crude market by scrapping all of the North Dakota energy producer's oil hedges, betting that prices will recover soon after sinking 25% in recent months.
7:00 PM EST | November 05, 2014
Continental Resources Profit Soars As It Exits Oil Hedging
Continental Resources posts a quarterly profit that meets Wall Street's expectations.
7:00 PM EST | November 04, 2014
Continental Confirms Productivity of Springer Play
Continental confirms potential of its Springer play with results from individual delineation wells.
8:00 PM EST | October 23, 2014
Continental Resources Names New President After Bott's Quick Exit
Continental Resources promotes Jack Stark to president, less than a week after Rick Bott quit the position.
8:00 PM EST | September 16, 2014
Continental Resources President Quits, Leaves Leadership Gap
W.F. "Rick" Bott was widely seen as the probably successor to Continental Chief Executive Harold Hamm.
8:00 PM EST | September 10, 2014
Whiting To Buy Kodiak For $3.8B, Create No. 1 Bakken Producer
Whiting Petroleum says it will acquire Kodiak Oil & Gas for $3.8B in stock, to become the largest producer in North Dakota's Bakken shale oil formations, eclipsing Harold Hamm's Continental Resources Inc.
8:00 PM EST | July 13, 2014
Oklahoma: Preparing to Become an Oil Producing Powerhouse
Shale oil is boosting Oklahoma's standing as an oil and gas state.
8:00 PM EST | June 08, 2014
Continental CEO: Bakken Oil Is Safe
Harold Hamm says crude shipped by rail to markets across the United States is safe, despite growing fears that crude from the Bakken formation is dangerously volatile.
8:00 PM EST | March 25, 2014
Shareholders Sue Oil Driller Continental CEO Over Pipeline Investment
A group of minority Continental shareholders is suing CEO Hamm, alleging that Continental's investment in a pipeline being built by another firm he controls will benefit him at their expense.
7:00 PM EST | February 09, 2014