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Continental Resources Company History Timeline

1967
The company was founded by Harold G. Hamm in 1967 and is headquartered in Oklahoma City, OK.
1974
1974 Harold Hamm begins drilling a series of successful producing wells in Oklahoma.
1976
The company became Hamm Production Company in 1976, when Harold Hamm obtained ownership.
1985
1985 Harold Hamm acquires Petro-Lewis and 500 oil and gas wells, it remains the company s largest acquisition.
1988
Disgruntled with overproduction of natural gas in Oklahoma, which flooded the market at unprofitable pay rates, Hamm guided the company toward expansion into oil development beginning in 1988, initially in eastern Montana s Lustre field.
1990
In 1990, the company formed a subsidiary, Continental Gas, Inc., for the purpose of providing ancillary services to the gas industry.
In 1990, the company was renamed Continental Resources.
1992
1992 Continental purchases headquarters buildings in downtown Enid, OK.
1993
1993 Continental expands into the Rocky Mountain region and begins using 3-D seismic.
In 1993, Continental made its first substantial acquisitions outside of Oklahoma, and most of the properties were suitable for alternative extraction of secondary reserves.
1995
1995 Continental discovers what was later described as the Cedar Hills Field in North Dakota the 7th largest onshore field in the lower 48 United States ranked by liquid proved reserves and is the 1st to develop it exclusively through precision horizontal drilling.
To gain access to air-injection technology, Continental acquired 50,000 acres of mineral rights from Koch Exploration in 1995.
1996
In 1996, the company purchased 19 oil and gas wells in Kansas and New Mexico and planned to apply the technique there when it became economically feasible.
1998
A private offering of 150 million in senior subordinate notes supported the 1998 purchase of oil development interests at Big Horn Basin in northern Wyoming.
1999
Through a joint venture with Challenger Minerals, Inc., Continental began drilling offshore in July 1999.
2000
In July 2000, the company concluded the acquisition of all assets from Farrar Oil Company, including Har-Ken Oil Company, for a total compensation of 33.7 million.
2003
Also, Continental expanded its natural gas services with the 12 million acquisition of Carmen Gathering System in western Oklahoma in August 2003.
2003 Continental enters the North Dakota Bakken with a purchase of 300,000 acres.
By 2003, project developments in the Rocky Mountain region progressed, particularly at the Cedar Hills field in North Dakota and Montana.
In 2003, the company drilled its first wells in the Bakken formation.
2005
In 2005 alone, oil production rose 55 percent, to 5.71 million barrels of oil.
2006
In March 2006 Continental announced plans for an initial public offering of stock, intending to raise 575 million.
In April 2006, the company acquired a 50 percent interest in the Marfa Basin in southwest Texas.
2007
2007 Continental is listed on the New York Stock Exchange ticker symbol CLR.
In 2007, the company became a public company via an initial public offering in which Harold Hamm sold approximately 300 million worth of his shares.
2008
In 2008, the company was the first to complete a horizontal well in the Three Forks zone.
2010
In 2010, Continental introduced the ECO-Pad drilling technique, which involves drilling 4 wells from 1 pad.
2011
Oklahoma Magazine recognizes Continental Resources in their selection of 2011 Great Companies To Work For.
2011 Interactive Media Council, Inc. names Continental s Web site Best in Class in the Energy Industry, created by a team led by Brian Engel and designed by Marker Seven.
2012
2012 Harold Hamm named one of TIME Magazine s 100 Most Influential People in the World.
2013
Continental Resources wins Company and CEO of the year titles at the 2013 Platts Global Energy Awards.
2015
Harold Hamm is named 2015 Wildcatter of the Year by the Western Energy Alliance.
2016
In 2016, the company sold assets in North Dakota and Montana for 222 million.
2017
In 2017, the company sold 26,000 acres in the Arkoma Basin for 68 million.
Founded
1967
Company Founded
Headquarters
Oklahoma City, OK
Company Headquarter
Founders
Harold Hamm
Company Founders

Continental Resources Jobs

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