22 Feb 2018quarterly activities report● Neutral
Continental reported fourth quarter 2017 net income of $841.9 million, including $713.7 million from federal tax reform. Production averaged 286,985 Boe per day, up 37% from a year earlier.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC Vice Chairman of SGI Hume Jeff B had 11,119 shares withheld for taxes on vesting stock.
16 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Land Owen Steven K had 8,358 shares withheld for taxes on vesting stock.
16 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Drilling Bent Pat had 11,161 shares withheld for taxes on vesting stock.
16 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC Sr. VP & CFO Hart John D had 23,113 shares withheld for taxes on vesting stock.
16 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, GC, CRO & Secretary Eissenstat Eric Spencer had 11,578 shares withheld for taxes on vesting stock.
16 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Prod. & Res. Dev. Gould Gary E had 14,348 shares withheld for taxes on vesting stock.
16 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC President Stark Jack H had 33,257 shares withheld for taxes on vesting stock.
15 Feb 2018quarterly activities report● Neutral
Continental announced a $2.3 billion 2018 capital budget and preliminary Q4 2017 production of 286,985 Boe per day, up 37% year over year. It projected 2018 production of 285,000 to 300,000 Boe per day.
14 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Drilling Bent Pat received 29,487 shares as part of the equity award.
14 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Prod. & Res. Dev. Gould Gary E received 36,368 shares as part of the equity award.
14 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Land Owen Steven K received 23,590 shares as part of the equity award.
14 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC Sr. VP & CFO Hart John D received 57,009 shares as part of the equity award.
14 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC CEO & Chairman Hamm Harold received 167,093 shares as part of the equity award.
14 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, GC, CRO & Secretary Eissenstat Eric Spencer received 29,487 shares as part of the equity award.
14 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC President Stark Jack H received 78,632 shares as part of the equity award.
14 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Marketing Rangel Ramiro F received 13,761 shares as part of the equity award.
14 Feb 2018director interest notice● Neutral
CONTINENTAL RESOURCES, INC Vice Chairman of SGI Hume Jeff B received 14,744 shares as part of the equity award.
22 Dec 2017director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Prod. & Res. Dev. Gould Gary E sold 9,874 shares.
22 Dec 2017director interest notice● Neutral
CONTINENTAL RESOURCES, INC President Stark Jack H sold 12,000 shares at $49.05.
22 Dec 2017director interest notice● Neutral
CONTINENTAL RESOURCES, INC Sr. VP & CFO Hart John D sold 6,000 shares at $51.23.
22 Dec 2017director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, GC, CRO & Secretary Eissenstat Eric Spencer sold 5,000 shares at $50.58.
20 Dec 2017director interest notice● Neutral
CONTINENTAL RESOURCES, INC Vice Chairman of SGI Hume Jeff B gifted 4,400 shares.
15 Dec 2017director interest notice● Neutral
CONTINENTAL RESOURCES, INC director Mark E Monroe sold 20,000 shares at $47.90.
12 Dec 2017director interest notice● Neutral
CONTINENTAL RESOURCES, INC Vice Chairman of SGI Hume Jeff B gifted 4,500 shares.
12 Dec 2017debt financing● NeutralMajor
The $1 billion 4 3/8% senior notes due January 15, 2028 closed on Dec 8, 2017 under a Wilmington Trust indenture, guaranteed by Banner Pipeline, CLR Asset Holdings and The Mineral Resources Company. The filing says the proceeds were used to repay and terminate the $500 million term loan and repay part of the revolver, and the company agreed to offer a registered exchange within 400 days (about January 2019).
5 Dec 2017material agreement● NeutralMajor
On Dec 4, 2017 Continental priced a $1 billion private sale of 4 3/8% senior unsecured notes due 2028, sold at par, with Merrill Lynch as representative of the initial purchasers. It said it intends to use the proceeds to repay in full and terminate its $500 million term loan and to repay part of its revolver borrowings; closing was expected Dec 8, 2017.
21 Nov 2017director interest notice● Neutral
CONTINENTAL RESOURCES, INC Sr. VP & CFO Hart John D sold 9,000 shares at $45.78.
21 Nov 2017director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, GC, CRO & Secretary Eissenstat Eric Spencer sold 10,000 shares at $45.88.
17 Nov 2017director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Marketing Rangel Ramiro F had 4,791 shares withheld for taxes on vesting stock.