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Continental Resources Inc
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April 2015 Investor Update
| J. Warren Henry | Page 16 of 11 |
November 23, 2024
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"April 2015 Investor Update"
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Property of Continental Resources, Inc. Reproduction and distribution only with written permission 0 10 20 30 40 0 6 12 18 24 30 36 0 100 200 300 400 500 600 700 800 900 Well Count Producing Months Boe per day Springer Shale Type Curve Well Count Type Curve (Normalized to 4,500' LL) Act. Production (Normalized to 4,500') 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% $40 $50 $60 $70 $80 $90 ROR Oil Price, $/BBL Oil ROR vs. Oil Price 16 SCOOP Springer Oil: Exceptional Economics • Current EUR/well model: 940 MBoe • 4,500’ lateral • YE 2014 completed well cost: $9.7 MM – Expect at least ~15% or more reduction in cost during 2015 Gas Price:$3.00/MCF ? 15% CWC Reduction ? YE 2014 CWC ($9.7 MM) 940 MBoeModel Parameters 4,500‘ Lateral Length Oil IP Rate, Bbl/day 670 Oil 30 day IP Rate, bbl/day 618 Oil Initial Decline 62% Oil b factor 1.25 Oil EUR, MBo 735 Gas IP Rate, Mcf/day 867 Gas 30 day IP Rate, MCF/day 810 Gas Initial Decline 56% Gas b factor 1.4 Gas EUR, MMcf 1,230 Equivalent EUR, MBoe 940 Minimum Decline 6% Capital, $MM 9.7