Continental Resources
US petroleum and natural gas company / From Wikipedia, the free encyclopedia
Continental Resources, Inc. is a petroleum and natural gas exploration and production company headquartered in Oklahoma City.[1] 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.
Company type | Private company |
---|---|
NYSE: CLR | |
Industry | Petroleum |
Predecessor | Shelly Dean Oil Co. |
Founder | Harold Hamm |
Headquarters | Oklahoma City, Oklahoma, U.S. |
Key people | Harold Hamm (Chairman) Doug Lawler (CEO) John D. Hart (CFO) Jack Stark (President) |
Products | |
Production output | 329 thousand barrels of oil equivalent (2,010,000 GJ) per day (2021) |
Revenue | US$5.719 billion (2021) |
5,353,680,000 United States dollar (2022) | |
US$1.660 billion (2021) | |
Total assets | US$18.591 billion (2021) |
Total equity | US$7.856 billion (2021) |
Owner | Harold Hamm Family LLC (100%) |
Number of employees | 1,254 (2021) |
Website | clr |
Footnotes / references [1][2] |
The company's assets are primarily in the Bakken formation in North Dakota and Montana, the STACK and SCOOP plays in Oklahoma, and the Permian Basin.[1] In 2021, total production was 329 thousand barrels of oil equivalent (2,010,000 GJ) per day, of which 49% was petroleum and 51% was natural gas.[1]
It is ranked 818th on the Fortune 500.[3]