Untitled Document
Untitled Document

Continental Resources prices $200M senior notes offering

Independent oil and natural gas exploration and production company Continental Resources Inc. has priced its private placement of $200 million of 7 3/8% senior unsecured notes due 2020. 

The notes were sold at 99.105% of par to yield 7.5% to maturity. The offering is expected to close on April 5, 2010, subject to customary closing conditions. Continental intends to use the net proceeds from the offering to repay a portion of the borrowings outstanding under its revolving credit facility. 

Continental Resources is the largest leaseholder in the Bakken shale play, with more than 600,000 net acres, and also has valuable acreage positions in the Arkoma Woodford, Anadarko Woodford, Atoka, Haynesville, and Marcellus/Rhinestreet/Huron plays.

The company ranked No. 43 by total assets in the February's OGJ150 Quarterly with $2.2 billion at the end of 3Q09.

Related Articles

The mystery of the SCOOP in Oklahoma

06/19/2014 A number of independent crude producers are testing the potential of the South Central Oklahoma Oil Province—SCOOP, for short—and liking what they see. It is too early to know if SCOOP will be the ...

WPX Energy names Muncrief CEO

05/01/2014

WPX Energy has named former Continental Resources executive Richard E. (Rick) Muncrief as the company’s next president and CEO.

Continental makes leadership changes

05/01/2014

Continental Resources Inc. has made changes in leadership within its management team. Gary E. Gould has been promoted to senior vice president of operations and resource development.

Continental Resources closes 4 1/2% Senior Notes exchange offer

07/15/2013 Continental Resources Inc. (NYSE:CLR) has completed its offer to exchange up to $1.5 billion aggregate principal amount of its 4 1/2% Senior Notes due 2023 registered under the Securities Act of 19...

Continental Resources to offer $1B in Senior Notes

04/02/2013 Subject to market conditions, Continental Resources Inc. (NYSE: CLR) intends to offer $1.0 billion in aggregate principal amount of new senior notes in a private placement to eligible purchasers.

More Oil & Gas Financial Articles

The mystery of the SCOOP in Oklahoma

Thu, Jun 19, 2014

A number of independent crude producers are testing the potential of the South Central Oklahoma Oil Province—SCOOP, for short—and liking what they see. It is too early to know if SCOOP will be the next big thing in US crude production, but it seems to have a lot going for it. Here, a look at SCOOP, its potential for crude production, and the E&P companies chasing the dream.

WPX Energy names Muncrief CEO

Thu, May 1, 2014

WPX Energy has named former Continental Resources executive Richard E. (Rick) Muncrief as the company’s next president and CEO.

Continental makes leadership changes

Thu, May 1, 2014

Continental Resources Inc. has made changes in leadership within its management team. Gary E. Gould has been promoted to senior vice president of operations and resource development.

Continental Resources closes 4 1/2% Senior Notes exchange offer

Mon, Jul 15, 2013

Continental Resources Inc. (NYSE:CLR) has completed its offer to exchange up to $1.5 billion aggregate principal amount of its 4 1/2% Senior Notes due 2023 registered under the Securities Act of 1933, as amended (the "Exchange Notes"), for any and all of its outstanding 4 1/2% Senior Notes due 2023, which were issued in a private placement on April 5, 2013 (the "Private Notes").

Continental Resources to offer $1B in Senior Notes

Tue, Apr 2, 2013

Subject to market conditions, Continental Resources Inc. (NYSE: CLR) intends to offer $1.0 billion in aggregate principal amount of new senior notes in a private placement to eligible purchasers.

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ