CLR - Dividend announcements

Completion of Previously Announced Merger and Going Private Transaction Expected Later Today OKLAHOMA CITY, Nov. 22, 2022 /PRNewswire/ -- Continental Resources, Inc. (NYSE:CLR) today announced that it is initiating the final steps in closing its previously announced merger with Omega Acquisition, Inc. ("Merger Sub"). Following the completion of the merger, shares of Continental common stock are expected to cease trading on the New York Stock Exchange ("NYSE") prior to market open on Wednesday, November 23, 2022, and will no longer be listed for trading on the NYSE. Merger Sub's tender offer to purchase any and all outstanding shares of Continental's common stock, other than (i) shares of com

OKLAHOMA CITY, Oct. 17, 2022 /PRNewswire/ -- Continental Resources, Inc. (NYSE:CLR) today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with Omega Acquisition, Inc., an Oklahoma corporation ("Merger Sub"), an entity that is owned by Continental's founder, Harold G. Hamm. Pursuant to the Merger Agreement, Merger Sub will commence a tender offer to purchase any and all of the outstanding shares of Continental's common stock at $74.28 per share (the "Offer Price"), other than (i) shares of common stock owned directly or indirectly by Mr. Hamm and the Hamm family and (ii) shares of common stock underlying unvested equity awards issued pursuant to Con

OKLAHOMA CITY, June 14, 2022 /PRNewswire/ -- Continental Resources, Inc. (NYSE:CLR) today announced that its board of directors (the "Board") has received a non-binding proposal letter, dated June 13, 2022, from Harold G. Hamm, on behalf of himself, the Harold G. Hamm Trust and certain trusts established for the benefit of Mr. Hamm's family members (collectively, the "Hamm Family") to acquire for cash all of the outstanding shares of common stock (the "Common Stock") of Continental, other than shares of Common Stock owned by the Hamm Family and shares of Common Stock underlying unvested equity awards issued pursuant to Continental's long-term incentive plans. A copy of the proposal letter is

OKLAHOMA CITY, Feb. 9, 2022 /PRNewswire/ -- Continental Resources, Inc. (NYSE:CLR) (the "Company") today announced that its Board of Directors has declared a quarterly dividend of $0.23 per share on the Company's outstanding common stock, payable on March 4, 2022 to stockholders of record on February 22, 2022. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg "This dividend represents a $0.03, or 15%, increase to the Company's $0.20 per share quarterly dividend paid in fourth quarter 2021 and equates to an approximately 1.7% annualized dividend yield1, underscoring the Company's commitment to having a competitive and growing fixed dividend as part of its unique s

OKLAHOMA CITY, Nov. 9, 2021 /PRNewswire/ -- Continental Resources, Inc. (NYSE:CLR) ("Continental" or the "Company") announced today the pricing of its private placement of $800 million of 2.268% senior notes due 2026 and $800 million of 2.875% senior notes due 2032. The offering is expected to close on November 22, 2021, subject to customary closing conditions. The Company intends to use the net proceeds from this offering to fund a portion of the purchase price in the recently announced acquisition from Pioneer Natural Resources Company (the "Pioneer Acquisition"), to pay the fees and expenses associated with this offering and, if the Pioneer Acquisition is not consummated, for general corp

OKLAHOMA CITY, Nov. 9, 2021 /PRNewswire/ -- Continental Resources, Inc. (NYSE:CLR) ("Continental" or the "Company") announced today that, subject to market conditions, it intends to offer a series of senior notes due 2026 and a series of senior notes due 2032 in a private placement to eligible purchasers. Continental intends to use the net proceeds from the offering to fund a portion of the purchase price in the recently announced acquisition from Pioneer Natural Resources Company (the "Pioneer Acquisition"), to pay the fees and expenses associated with the offering and, if the Pioneer Acquisition is not consummated, for general corporate purposes, which may include repayment of certain inde

Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today announced that the Company has entered into a definitive agreement with Continental Resources (NYSE:CLR) to sell all of its assets in the Delaware Basin for cash proceeds of $3.25 billion, subject to normal closing adjustments. The transaction is expected to close toward the end of the fourth quarter of 2021, subject to the satisfaction of customary closing conditions, including regulatory approval. CEO Scott D. Sheffield stated, "This transaction returns Pioneer to being 100% focused on its high-margin, high-return Midland Basin assets, where we have the largest acreage position and drilling inventory. Proceed

OKLAHOMA CITY, April 28, 2021 /PRNewswire/ -- •   Quarterly Dividend Doubled to $0.11 per Share    o   Payable on May 24, 2021 to Stockholders of Record on May 10, 2021•   $260 Million Net Income & $0.72 Earnings per Share in 1Q21 •   $3.1 Billion Projected Full-Year 2021 Cash Flow from Operations & $1.7 Billion     Projected Full-Year 2021 Free Cash Flow (Non-GAAP) at $60 WTI & $2.75 HH •   Accelerating Projected Debt Reduction to Below $4.0 Billion by Year-End 2021 •   Projecting Approximately 12% Return on Capital Employed1 (ROCE) in 2021 Continental Resources, Inc. (NYSE:CLR) (the "Company") today announced its first quarter 2021 operating and financial results. Logo - https://mma.prne

OKLAHOMA CITY, April 13, 2021 /PRNewswire/ -- Continental Resources, Inc. (NYSE:CLR) (the "Company") today provided an update on its first quarter 2021 production results.   Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg February 2021 weather adversely impacted first quarter 2021 total production by approximately 6 MBoepd (60% oil). First quarter 2021 oil production is expected to average approximately 152 MBopd and first quarter 2021 natural gas production is expected to average approximately 935 MMcfpd. Additionally, the Company is providing preliminary production guidance for second quarter 2021 of 160 to 165 MBopd and 920 to 940 MMcfpd. The Company is on

OKLAHOMA CITY, Feb. 16, 2021 /PRNewswire/ -- FY20: $1.4 B Cash Flow from Operations & $275 MM Free Cash Flow (Non-GAAP) • 4Q20: $488 MM Cash Flow from Operations & $332 MM Free Cash Flow (FCF)   o $168 MM in Non-Acquisition Capex     o 176.6 MBopd & 976 MMcfpd Average Daily Production    o $2.80 Production Expense per Boe • FY20: Fifth Consecutive Year of Generating Positive FCF   o $1.16 B in Non-Acquisition Capex ($1.2 B Guidance)    o 160.5 MBopd & 837.5 MMcfpd Avg. Daily Production (155-165 MBopd & 800-820 MMcfpd       Guidance)    o $3.27 Production Expense per Boe ($3.50-$3.75 Guidance) FY21: Projecting Sixth Consecutive Year of Generating Positive FCF • In Excess of 40% of Cash Fl