Continental Resources, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2015

SKU ID :GD-10181310 | Published Date: 18-May-2016 | No. of pages: 103
Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 8 Key Information 8 Company Overview 8 Continental Resources, Inc., Valuation and Financial Data 9 Continental Resources, Inc., Share Price Performance 9 Share Price Performance, Q4, 2014-Q4, 2015 9 Continental Resources, Inc., Key Valuation Metrics 10 Key Valuation Metrics, Q4, 2014-Q4, 2015 10 Continental Resources, Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 11 Results of Oil & Gas Operations Per boe Produced, Q4, 2014-Q4, 2015 11 Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2014-Q4, 2015 12 Continental Resources, Inc., Quarterly E&P Costs Trends 13 Upstream Capital Expenditure, Q4, 2014-Q4, 2015 13 Continental Resources, Inc., Quarterly Production Trends 14 Continental Resources, Inc., Total Oil and Gas Production 14 Total Crude Oil and Natural Gas Production Trend, Q4, 2014-Q4, 2015 14 Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 15 Continental Resources, Inc., Crude Oil Production 16 Total Crude Oil Production Trend, Q4, 2014-Q4, 2015 16 Crude Oil Production, By Country/Region, Q4, 2014-Q4, 2015 17 Continental Resources, Inc., Natural Gas Production 18 Total Natural Gas Production Trend, Q4, 2014-Q4, 2015 18 Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 19 Continental Resources, Inc., Valuation and Financial Data, 2011-2015 20 Continental Resources, Inc., Share Price Performance, 2011-2015 20 Share Price Performance, 2011-2015 20 Key Valuation Metrics, 2011-2015 21 Continental Resources, Inc., Production and Reserves Trends 22 Total Oil and Gas, Reserves and Production 22 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26 Crude Oil/Liquids Production and Reserve 27 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27 Crude Oil Production and Reserves By Country/Region, 2011-2015 28 Crude Oil/Liquids Reserve Changes, 2011-2015 30 Natural Gas Production and Reserve 31 Natural Gas Production and Reserve Trend, 2011-2015 31 Natural Gas Production and Reserves, By Country/Region, 2011-2015 32 Natural Gas Reserve Changes, 2011-2015 34 Total Crude Oil and Natural Gas Reserves Life Index 35 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36 Continental Resources, Inc., E&P Costs Trends 38 Allocation of the Upstream Capital Expenditure 38 Upstream Capital Expenditure, 2011-2015 38 Acquisition Costs By Country/Region, 2011-2015 39 Exploration and Development Costs, By Country/Region, 2011-2015 41 Oil and Gas Cost Per boe, US$/boe 43 Oil and Gas Cost Per boe, US$/boe, 2011-2015 43 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 45 Continental Resources, Inc., Reserve Replacement Ratio 47 Oil and Gas Production Replacement Ratio 47 Oil and Gas Production Replacement Ratio, 2011-2015 47 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 49 Continental Resources, Inc., Results of Oil & Gas Operations Trend 53 Oil and Gas Revenue and Expenses 53 Oil and Gas Revenue and Expenses, 2011-2015 53 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 54 Oil and Gas Revenue and Expenses, Per boe 59 Oil and Gas Revenue and Expenses, By boe, 2011-2015 59 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 60 Oil and Gas Performance Metrics 64 Continental Resources, Inc., Land Holdings and Well Data 65 Developed and Undeveloped Acreage 65 Gross and Net Developed and Undeveloped Acreage, 2011-2015 65 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 66 Well Statistics 69 Producible Oil and Gas Well, 2011-2015 69 Producible Oil and Gas Well, By Country/Region, 2011-2015 70 Exploration and Development Wells Drilled, 2011-2015 74 Exploration and Development Wells Drilled, By Country/Region, 2011-2015 75 Recent Developments 76 Continental Resources, Inc. - Recent Developments 76 Feb 24, 2016: Continental Resources Reports Fourth Quarter And Full-Year 2015 Results 76 Feb 10, 2016: Continental Resources Announces Proved Reserves And Production For 2015 79 Jan 26, 2016: Continental Resources Announces 2016 Budget Of $920 Million In Non-Acquisition Capital Expenditures 80 Nov 04, 2015: Continental Resources Reports Third Quarter 2015 Results 82 Sep 23, 2015: Badlands NGL's Enters Agreement With Continental Resources For Ethane Supply To North Dakota Plastics Plant 86 Aug 05, 2015: Continental Resources Reports Second Quarter 2015 Results 86 Jul 30, 2015: Heitkamp’s Bipartisan Bill To Lift The Ban On Oil Exports Passes In Senate Committee 90 May 06, 2015: Continental Resources Reports First Quarter 2015 Results 92 Feb 24, 2015: Continental Resources Reports Fourth Quarter 2014 And Full-Year 2014 Results 96 Feb 03, 2015: Continental Resources Announces Proved Reserves And Production For 2014 99 Appendix 101 Methodology 101 Coverage 101 Secondary Research 101 Primary Research 101 Data Information Sources 102 Company Source 102 SEC/Other Regulatory Filings 102 Other Sources 102 Expert Panel Validation 102 Data Definition 102 Oil and Gas Reserves 102 Units of Measure 103 About GlobalData 103 Disclosure 103 Disclaimer 103
List of Tables Table 1: Continental Resources, Inc., Key Facts 8 Table 2: Continental Resources, Inc., Share Price Performance, Q4, 2014-Q4, 2015 9 Table 3: Continental Resources, Inc., Key Valuation Metrics, Q4, 2014-Q4, 2015 10 Table 4: Continental Resources, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Table 5: Continental Resources, Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2014-Q4, 2015 12 Table 6: Continental Resources, Inc., Upstream Capital Expenditure, Q4, 2014-Q4, 2015 13 Table 7: Continental Resources, Inc., Total Crude Oil and Natural Gas, Production, Q4, 2014-Q4, 2015 14 Table 8: Continental Resources, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 15 Table 9: Continental Resources, Inc., Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 16 Table 10: Continental Resources, Inc., Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 17 Table 11: Continental Resources, Inc., Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 18 Table 12: Continental Resources, Inc., Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 19 Table 13: Continental Resources, Inc., Share Price Performance, 2011-2015 20 Table 14: Continental Resources, Inc., Key Valuation Metrics, 2011-2015 21 Table 15: Continental Resources, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23 Table 16: Continental Resources, Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25 Table 17: Continental Resources, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26 Table 18: Continental Resources, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Table 19: Continental Resources, Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29 Table 20: Continental Resources, Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 30 Table 21: Continental Resources, Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Table 22: Continental Resources, Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33 Table 23: Continental Resources, Inc., Natural Gas Reserve Changes, bcf, 2011-2015 34 Table 24: Continental Resources, Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 35 Table 25: Continental Resources, Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37 Table 26: Continental Resources, Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 38 Table 27: Continental Resources, Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40 Table 28: Continental Resources, Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 42 Table 29: Continental Resources, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43 Table 30: Continental Resources, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 46 Table 31: Continental Resources, Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Table 32: Continental Resources, Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 52 Table 33: Continental Resources, Inc., Revenue and Expenses, US$ mil, 2011-2015 53 Table 34: Continental Resources, Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 58 Table 35: Continental Resources, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59 Table 36: Continental Resources, Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 63 Table 37: Continental Resources, Inc., Oil and Gas Performance Metrics, 2011-2015 64 Table 38: Continental Resources, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 65 Table 39: Continental Resources, Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 68 Table 40: Continental Resources, Inc., Producible Oil and Gas Wells, 2011-2015 69 Table 41: Continental Resources, Inc., Producible Oil and Gas Wells, By Country/Region, 2011-2015 73 Table 42: Continental Resources, Inc., Exploratory and Developed Wells, 2011-2015 74 Table 43: Continental Resources, Inc., Exploratory and Developed Wells, By Country/Region, 2011-2015 75 List of Figures Figure 1: Continental Resources, Inc., Share Price Performance, USD/Share, Q4, 2014-Q4, 2015 9 Figure 2: Continental Resources, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2014-Q4, 2015 10 Figure 3: Continental Resources, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Figure 4: Continental Resources, Inc., Upstream Capital Expenditure, US$ mil, Q4, 2014-Q4, 2015 13 Figure 5: Continental Resources, Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2014-Q4, 2015 14 Figure 6: Continental Resources, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 15 Figure 7: Continental Resources, Inc., Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 16 Figure 8: Continental Resources, Inc., Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 17 Figure 9: Continental Resources, Inc., Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 18 Figure 10: Continental Resources, Inc., Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 19 Figure 11: Continental Resources, Inc., Share Price Performance, USD/Share, 2011-2015 20 Figure 12: Continental Resources, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21 Figure 13: Continental Resources, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22 Figure 14: Continental Resources, Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24 Figure 15: Continental Resources, Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24 Figure 16: Continental Resources, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26 Figure 17: Continental Resources, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Figure 18: Continental Resources, Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28 Figure 19: Continental Resources, Inc., Oil Production, By Country/Region, mmbbl, 2011-2015 28 Figure 20: Continental Resources, Inc., Crude Oil Reserve Changes, mmbbl, 2015 30 Figure 21: Continental Resources, Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Figure 22: Continental Resources, Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32 Figure 23: Continental Resources, Inc., Gas Production, By Country/Region, bcf, 2011-2015 32 Figure 24: Continental Resources, Inc., Natural Gas Reserve Changes, bcf, 2015 34 Figure 25: Continental Resources, Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 35 Figure 26: Continental Resources, Inc., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 27: Continental Resources, Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 28: Continental Resources, Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37 Figure 29: Continental Resources, Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 38 Figure 30: Continental Resources, Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 31: Continental Resources, Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 32: Continental Resources, Inc., Development Costs, By Country/Region, US$ mil, 2011-2015 41 Figure 33: Continental Resources, Inc., Exploration Costs, By Country/Region, US$ mil, 2011-2015 41 Figure 34: Continental Resources, Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43 Figure 35: Continental Resources, Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45 Figure 36: Continental Resources, Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45 Figure 37: Continental Resources, Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 46 Figure 38: Continental Resources, Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Figure 39: Continental Resources, Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49 Figure 40: Continental Resources, Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49 Figure 41: Continental Resources, Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 50 Figure 42: Continental Resources, Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 50 Figure 43: Continental Resources, Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 51 Figure 44: Continental Resources, Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 51 Figure 45: Continental Resources, Inc., Revenue and Expenses, US$ mil, 2011-2015 53 Figure 46: Continental Resources, Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 47: Continental Resources, Inc., Exploration Expenses, By Country/Region, US$ mil, 2011-2015 54 Figure 48: Continental Resources, Inc., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55 Figure 49: Continental Resources, Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55 Figure 50: Continental Resources, Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 56 Figure 51: Continental Resources, Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56 Figure 52: Continental Resources, Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 57 Figure 53: Continental Resources, Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 57 Figure 54: Continental Resources, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59 Figure 55: Continental Resources, Inc., Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 60 Figure 56: Continental Resources, Inc., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 60 Figure 57: Continental Resources, Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 61 Figure 58: Continental Resources, Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 61 Figure 59: Continental Resources, Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 62 Figure 60: Continental Resources, Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 62 Figure 61: Continental Resources, Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 63 Figure 62: Continental Resources, Inc., Oil and Gas Performance Metrics, 2011-2015 64 Figure 63: Continental Resources, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 65 Figure 64: Continental Resources, Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 66 Figure 65: Continental Resources, Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 66 Figure 66: Continental Resources, Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 67 Figure 67: Continental Resources, Inc., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 67 Figure 68: Continental Resources, Inc., Producible Oil and Gas Wells, 2011-2015 69 Figure 69: Continental Resources, Inc., Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 70 Figure 70: Continental Resources, Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 70 Figure 71: Continental Resources, Inc., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 71 Figure 72: Continental Resources, Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 71 Figure 73: Continental Resources, Inc., Net Productive Gas Wells, By Country/Region, Number, 2011-2015 72 Figure 74: Continental Resources, Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 72 Figure 75: Continental Resources, Inc., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 73 Figure 76: Continental Resources, Inc., Exploratory and Developed Wells, 2011-2015 74
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