Continental Resources, Inc. (Continental) is a crude oil and natural gas company. It is engaged in the business of acquisition, exploration, and production of hydrocarbon. All the properties owned by the company are spread across various parts of the US with approximately 50% of its proved reserves are in North Region. The company operates its exploration activities in large new or developing crude oil and liquids-rich natural gas plays that enable the company to acquire undeveloped acreage positions for future drilling operations. As of December 31, 2016, the company's estimated proved reserves were 1,274.8 million Barrels of Oil Equivalent (MMBoe) of which developed reserves were 519 MMBoe. This is equivalent to 643.2 million barrels (MMBbls) of crude oil and 3,789.8 million cubic feet (MMcf) of natural gas. In FY2016, production averaged 216,912 barrel of oil equivalent (Boe) per day. Continental holds properties in the North, South, and East regions of the US. The North region consists of properties north of Kansas and west of the Mississippi River and principal producing properties are in the Bakken field and the Red River units, while the producing properties in South region are located in the SOOP and STACK areas of Oklahoma. The Bakken field of North Dakota and Montana is one of the premier crude oil resource plays in the US. Production and reserve growth in the Bakken field during 2016 came primarily from its activities in North Dakota. Production in North Dakota recorded an average rate of 104,524 Boe per day during the fourth quarter of 2016. In FY2016, the company completed 192 gross (38 net) wells. During FY2016, the total proved Bakken field reserves were 591.9 MMBoe, accounting for 46% of the total proved reserves of the company. The Red River units are comprised of nine units located along the Cedar Creek Anticline in North Dakota, South Dakota and Montana that produce crude oil and natural gas from the Red River B formation. The principal producing properties in the Red River units include the Cedar Hills units in North Dakota and Montana, the Medicine Pole Hills units in North Dakota, and the Buffalo Red River units in South Dakota. The company’s properties in the Red River units comprise a portion of the Cedar Hills field. Proved reserves in the Red River regiontotaled 36.8 MMBoe as of December 31, 2016, accounting for only 3.1% of the total proved reserves. The South region includes Kansas and all properties south of Kansas and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province (SCOOP), Sooner Trend Anadarko Canadian Kingfisher (STACK), Northwest Cana, and Arkoma areas of Oklahoma. The SCOOP play currently extends approximately 120 miles across Garvin, Grady, Stephens, Carter, McClain and Love counties in Oklahoma. At the end of FY2016, the company controlled approximately 617,700 gross (345,700 net) acres of leasehold position in SCOOP and completed 72 gross (28 net) wells. As of December 31, 2016, proved reserves in the area were 471.9 MMBoe, accounting for 37% of the total proved reserves. STACK area of the company includes the properties of the company in Blaine, Dewey, and customer counties in Oklahoma. In FY2016, the company held a total of 196,200 net acres under lease in STACK and completed a combined 26 gross (10 net) wells in the area. As of December 31, 2061, the proved reserves in the area totaled 161.2 MMBoe, accounting for 13% of the total proved reserves. The East region is comprised of undeveloped leasehold acreage east of the Mississippi River with no current drilling or production operations.
Scope of the Report
-- About the Company - Historical Details, Current Ownership Structure and basic overview of Continental Resources, Inc. in terms of revenue, net income, and operating income.
-- Financials - Details about Continental Resources, Inc. listing status, annual financial reports (for the past 5 years), key financial highlights and region wise and category wise breakdown of their net revenue.
-- Products / Services - Listing of the company’s entire portfolio along with description of individual products / services providing a clear picture of their target audience.
-- Company SWOT Analysis - Outlines Continental Resources, Inc.’s strengths, weaknesses, and opportunities and threats facing the company.
-- Recent Developments - Showcases Continental Resources, Inc.’s recent developments including mergers, acquisitions, partnerships, collaborations, new product launches, investment and divestment plans.
-- Strategic Evaluation - Provides an overview of Continental Resources, Inc.’s corporate goals and strategic initiatives and evaluates their outcomes along with outlining any persisting legal issues and outlook of our in-house analyst panel on the particular company.
-- Technology Landscape - Details how the company allocates its IT budget across the core areas of its business, CIO/CTO Profile, Key IT Initiatives and Deals undertaken buy the company at present along with outlook.
Key Questions Answered
-- What domain does Continental Resources, Inc. operate and what are key points about it?
-- What is the product / service portfolio of Continental Resources, Inc.?
-- How has Continental Resources, Inc. performed financially from the 2013?
-- How does Continental Resources, Inc. rank among its peers in terms of revenue and market share?
-- What are Continental Resources, Inc. strengths and weaknesses and what opportunities and threats does it face?
-- What are Continental Resources, Inc.’s main growth strategies and how successful has the company been at implementing them?
-- What is the in-house technical capability of Continental Resources, Inc.? Where does it procure / outsource it?
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1. About the Company
1.1 History and Basic Facts
1.2 Ownership Structure and Key Executives
1.3 Head Office
1.4 Other Locations & Subsidiaries
1.5 List of Competitors
1.6 Employee Count & Distribution
2.1 Company Type (Listed / Unlisted)
2.2 Annual Statements
2.3 Key Financial Highlights
2.4 Region-wise Breakdown
3. Product / Services
4. SWOT Analysis
4.1 SWOT Overview
5. Recent Developments
5.1 Mergers & Acquisitions
5.2 Partnerships, Collaborations & Joint Ventures
5.3 New Product Launches
5.4 Business Expansion / Divestment
6. Strategic Evaluation
6.1 Corporate Strategy
6.2 Legal Issues
6.3 Analyst Outlook
7. Technology Landscape
-- 7.1.1 Industry Snapshot
-- 7.1.2 IT Spend
-- 7.1.3 Key Information Technology Trends
-- 7.2.1 IT Overview
-- 7.2.2 Key IT Technologies
-- 7.2.3 Recent IT Initiatives
-- 7.2.4 IT Outsourcing Engagements
-- 7.2.5 Key IT Management
-- 7.2.6 CIO/CTO Profile
-- About Us
-- Contact Us
Fig.1: Company Snapshot
Fig.2: Locations Listing on Map
Table.1: Ownership Structure
Table.2: List of Competitors
Table.3: Annual Statements
Table.4: Key Financial Highlights
Table.5: Region-wise Breakdown
Table.6: Product/Services Overview
Table.7: Mergers & Acquisitions
Table.8: Partnerships, Collaborations & Joint Ventures
Table.9: New Product Launches
Table.10: Business Expansion / Divestment
Table 11: IT Budgets
Table 12: Key IT Management (CIO / CTO)
Table 13: IT Deals undertaken in the past years