OKLAHOMA CITY, June 15, 2020 /PRNewswire/ -- Continental
Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") today
highlighted its longstanding commitment to Environmental, Social
and Corporate Governance (ESG) practices and initiatives with the
release of its 2019 ESG report.
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"Continental will continue to play a significant role in the
American energy renaissance, providing a reliable and low-cost
energy source for our nation and our world. We will continue to
accomplish this in an environmentally and socially responsible
manner, producing light, sweet crude oil the world needs to reduce
emissions, while improving lives. In every credible scenario from
government and independent forecasts, growth in demand for
hydrocarbons is anticipated for the next several decades," said
Harold Hamm, Executive Chairman.
Continental's 2019 report provides a comprehensive assessment of
the Company's environmental, social and governance practices. The
report utilizes a new and better framework that reflects the
significant contributions hydrocarbons make to the human element of
modern life, and the world's reliance on hydrocarbons for energy
supply in the foreseeable future. The report provides the Company's
stakeholders – employees, shareholders and communities in which it
operates – a view of the Company's unwavering commitment to the
low-cost and responsible development of hydrocarbon reserves.
In developing Continental's ESG report, the Company conducted a
thorough assessment to identify and prioritize the most significant
impact on the Company's stakeholders and operations.
Our assessment included:
- Research
- Peer Benchmarking
- Interviews with Internal and External Stakeholders
"Long before there was an ESG movement, Continental was
responsibly managing its operations. We continue those practices
today. We are proud to be a leader in developing credible ESG
standards and remain committed to delivering results in a clean,
efficient manner, while at the same time powering the world," said
Bill Berry, Chief Executive
Officer.
For more information regarding the Company's ESG philosophy, as
well as its 2019 report, please visit www.CLR.com.
Cautionary Statement for the Purpose of the "Safe Harbor"
Provisions of the Private Securities Litigation Reform Act of
1995
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements
included in this press release other than statements of historical
fact are forward-looking statements, including, but not limited to,
statements, information, forecasts or expectations regarding the
Company's business and future plans, including those relating to
its share repurchase program, payment of dividends, debt reduction
goals, free cash flow generation and liquidity expectations, and
its expectations regarding the achievement of ROCE goals. When used
in this press release, the words "could," "may," "believe,"
"anticipate," "intend," "estimate," "expect," "project," "budget,"
"target," "plan," "continue," "potential," "guidance," "strategy,"
and similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words.
Forward-looking statements are based on the Company's current
expectations and assumptions about future events and currently
available information as to the outcome and timing of future
events. Although the Company believes these assumptions and
expectations are reasonable, they are inherently subject to
numerous business, economic, competitive, regulatory and other
risks and uncertainties, most of which are difficult to predict and
many of which are beyond the Company's control. No assurance can be
given that such expectations will be correct or achieved or that
the assumptions are accurate. The risks and uncertainties include,
but are not limited to, commodity price volatility; the geographic
concentration of our operations; financial market and economic
volatility; the inability to access needed capital; the risks and
potential liabilities inherent in crude oil and natural gas
drilling and production and the availability of insurance to cover
any losses resulting therefrom; difficulties in estimating proved
reserves and other reserves-based measures; declines in the values
of our crude oil and natural gas properties resulting in impairment
charges; our ability to replace proved reserves and sustain
production; the availability or cost of equipment and oilfield
services; leasehold terms expiring on undeveloped acreage before
production can be established; our ability to project future
production, achieve targeted results in drilling and well
operations and predict the amount and timing of development
expenditures; the availability and cost of transportation,
processing and refining facilities; legislative and regulatory
changes adversely affecting our industry and our business,
including initiatives related to hydraulic fracturing; increased
market and industry competition, including from alternative fuels
and other energy sources; and the other risks described under Part
I, Item 1A. Risk Factors and elsewhere in the Company's Annual
Report on Form 10-K for the year ended December 31, 2019, registration statements and
other reports filed from time to time with the SEC, and other
announcements the Company makes from time to time.
Readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date on
which such statement is made. Should one or more of the risks or
uncertainties described in this press release occur, or should
underlying assumptions prove incorrect, the Company's actual
results and plans could differ materially from those expressed in
any forward-looking statements. All forward-looking statements are
expressly qualified in their entirety by this cautionary statement.
Except as otherwise required by applicable law, the Company
undertakes no obligation to publicly correct or update any
forward-looking statement whether as a result of new information,
future events or circumstances after the date of this report, or
otherwise.
About Continental Resources
Continental Resources (NYSE: CLR) is a top 10 independent oil
producer in the U.S. and a leader in America's energy renaissance.
Based in Oklahoma City,
Continental is the largest leaseholder and the largest producer in
the nation's premier oil field, the Bakken play of North Dakota and Montana. The Company also has significant
positions in Oklahoma, including
its SCOOP Woodford and SCOOP Springer discoveries and the STACK
plays. With a focus on the exploration and production of oil,
Continental has unlocked the technology and resources vital to
American energy independence and our nation's leadership in the new
world oil market. In 2020, the Company will celebrate 53 years of
operations. For more information, please visit
www.CLR.com.
Investor
Contact:
|
Media
Contact:
|
Rory
Sabino
|
Kristin
Thomas
|
Vice President,
Investor Relations
|
Senior Vice
President, Public Relations
|
405-234-9620
|
405-234-9480
|
Rory.Sabino@CLR.com
|
Kristin.Thomas@CLR.com
|
|
|
Lucy
Guttenberger
|
|
Investor Relations
Analyst
|
|
405-774-5878
|
|
Lucy.Guttenberger@CLR.com
|
|
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SOURCE Continental Resources