CLR Moves Headquarters to Oklahoma City, Oklahoma -- Quite An Incredible Story -- North Dakota, USA

Continental Resources announced today the company is moving corporate headquarters to Oklahoma City, Oklahoma, part of their strategic plan to triple the size of the company in five years.

This is an incredible story. I don't know what CLR's market cap was in 2007 but today it's about $11 billion. The Bakken made this company what it is and it was the foresight of its CEO and his willingness to stake his company on a new formation and new technology that made is so successful.

The Bakken has been a great run for many folks and for North Dakota, the story is only about four years old. For Montana, Elm Coulee, the story is about eleven years old, and now companies are going back in and refracking/reworking the original wells in Elm Coulee/Bakken.

And it's numbers like this (posted earlier today) that make the Bakken very, very interesting (this is a Whiting well, not a CLR well, but the point is still the same):

The Niemitalo 31-15XH (#19502) runs parallel to the Kinnoin 11-14H (#17081) which had an IP of 3,311, and has produced 534,267 bbls of oil as of 6/12. It was spudded 8/08.  (At $50/bbl, 400K bbls = $20 million.) 400,000 bbls in less than three years and it continues to produce at 10,000 bbls/month (at $75/bbl, 3/4 of a million dollars every month); t2/11; cum 426K 7/17; cum 517K 11/23;

Monthly production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2017	31	2510	2449	339	2705	2643	0
BAKKEN	6-2017	30	2403	2452	428	2464	2404	0
BAKKEN	5-2017	31	2703	2670	368	2756	2694	0
BAKKEN	4-2017	30	2860	3043	369	2794	2734	0
BAKKEN	3-2017	31	3011	2873	439	2804	2721	21
BAKKEN	2-2017	28	2749	2692	333	2419	2332	31
BAKKEN	1-2017	31	2996	3201	307	2400	2187	151
BAKKEN	12-2016	31	3206	3084	382	2369	2128	180
BAKKEN	11-2016	29	2933	2908	408	2267	2209	0
BAKKEN	10-2016	31	3205	3166	404	2368	1609	697
BAKKEN	9-2016	30	3047	3041	397	2160	2100	0
BAKKEN	8-2016	31	3206	3258	487	2228	2157	9
BAKKEN	7-2016	31	3519	3453	460	2478	2416	0
BAKKEN	6-2016	30	3391	3494	465	2239	2179	0
BAKKEN	5-2016	31	3815	3893	540	2534	2472	0
BAKKEN	4-2016	30	3951	3805	482	2527	2467	0
BAKKEN	3-2016	31	3851	3833	606	2257	2108	87
BAKKEN	2-2016	28	3204	3236	1223	1255	1129	70
BAKKEN	1-2016	29	3577	3556	1337	1530	1388	86
BAKKEN	12-2015	31	3944	4470	1430	1769	1629	78
BAKKEN	11-2015	30	3269	2825	1467	1655	1522	73
BAKKEN	10-2015	23	1975	1934	1026	989	944	0
BAKKEN	9-2015	21	1908	1876	403	1880	1796	43
BAKKEN	8-2015	31	3045	3047	641	3230	3168	0
BAKKEN	7-2015	31	3131	3136	729	3294	3226	6
BAKKEN	6-2015	30	2978	2984	619	3124	2860	204
BAKKEN	5-2015	31	3214	3225	634	3053	2961	30
BAKKEN	4-2015	30	3257	3218	644	2916	2803	53
BAKKEN	3-2015	31	3341	3437	700	3274	3212	0
BAKKEN	2-2015	28	3238	3166	636	3129	3073	0
BAKKEN	1-2015	31	3570	3534	700	3174	3096	16
BAKKEN	12-2014	31	3696	3793	517	3039	2896	81
BAKKEN	11-2014	30	3693	3799	597	3132	3034	38
BAKKEN	10-2014	31	3906	3726	460	3099	3037	0
BAKKEN	9-2014	30	4175	4286	430	3038	2960	18
BAKKEN	8-2014	31	4437	4634	454	3108	3046	0
BAKKEN	7-2014	31	4580	4278	496	2958	2809	87
BAKKEN	6-2014	25	3431	3530	593	2556	2511	0
BAKKEN	5-2014	31	4425	4433	600	3397	3335	0
BAKKEN	4-2014	30	4715	4623	544	3452	2695	697
BAKKEN	3-2014	31	5212	5634	761	3678	2573	1043
BAKKEN	2-2014	27	4775	4850	878	2793	2732	10
BAKKEN	1-2014	28	5109	4855	1010	2576	2521	0
BAKKEN	12-2013	31	5821	6413	1454	3413	3233	118
BAKKEN	11-2013	30	6057	5636	1537	3434	3374	0
BAKKEN	10-2013	31	5851	5804	1541	3099	3023	15
BAKKEN	9-2013	28	5216	5359	1316	2796	2740	0
BAKKEN	8-2013	30	5879	5668	1405	2957	2816	81
BAKKEN	7-2013	31	4563	4429	1031	2482	2420	0
BAKKEN	6-2013	13	1301	1296	360	976	952	0
BAKKEN	5-2013	30	3832	4031	583	3269	3210	0
BAKKEN	4-2013	30	4491	4355	825	3456	3396	0
BAKKEN	3-2013	31	5846	5909	1004	4084	4022	0
BAKKEN	2-2013	28	5392	5356	905	3413	3352	5
BAKKEN	1-2013	31	6129	6163	1022	3961	3899	0
BAKKEN	12-2012	31	5710	6096	1046	4559	4497	0
BAKKEN	11-2012	30	7050	6711	1438	4371	4311	0
BAKKEN	10-2012	31	7658	7633	1106	4552	4234	256
BAKKEN	9-2012	28	7306	7175	992	3951	3872	24
BAKKEN	8-2012	31	6934	7391	813	3451	3383	8
BAKKEN	7-2012	31	7062	6972	832	3425	3355	8
BAKKEN	6-2012	30	7418	7554	855	3703	3643	0
BAKKEN	5-2012	31	8986	8768	1019	4908	4846	0
BAKKEN	4-2012	28	8306	8330	1029	5213	5150	8
BAKKEN	3-2012	31	9998	10143	1378	6548	6486	0
BAKKEN	2-2012	29	9073	9823	935	5425	5150	217
BAKKEN	1-2012	31	9740	8381	2615	5449	5281	106
BAKKEN	12-2011	7	590	963	1048	854	102	742
BAKKEN	11-2011	17	5367	5833	130	1740	0	1710
BAKKEN	10-2011	28	10596	10801	352	3448	1	3394
BAKKEN	9-2011	22	12156	11383	324	3872	0	3835
BAKKEN	8-2011	25	13014	13705	452	4670	0	4625
BAKKEN	7-2011	27	16017	15626	629	5468	1123	4295
BAKKEN	6-2011	30	14320	14920	819	7600	7542	0
BAKKEN	5-2011	26	7501	7529	589	3801	2823	935
BAKKEN	4-2011	30	10515	10392	802	5620	5420	140
BAKKEN	3-2011	31	18830	18563	1369	10495	9263	1170
BAKKEN	2-2011	13	11869	10936	4491	6088	3356	2707