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TheStreet Open House

Continental Resources Officially Moves Headquarters To Oklahoma City

Stocks in this article: CLR

OKLAHOMA CITY, March 27, 2012 /PRNewswire/ -- America's oil champion has a new home. Today, Continental Resources (NYSE: CLR) announced it has officially moved its corporate headquarters to Oklahoma City.

(Logo: http://photos.prnewswire.com/prnh/20120327/DA76602LOGO)

Chairman and Chief Executive Officer Harold Hamm said the move from Continental's original headquarters in Enid, Okla., is a key element of the company's growth strategy. Oklahoma City provides access to a necessary talent pool of oil and gas professionals.

" Oklahoma City offers a vibrant base to support our aggressive growth strategy and allows us to retain our strong commitment to the State of Oklahoma," Mr. Hamm said. "With its accessibility, strong heritage and continued leadership in oil and gas, Oklahoma City is emerging as the energy capital of the future."

Continental's new headquarters is located downtown at 20 North Broadway, a 19-story, 300,000 square-foot building previously occupied by Devon Energy. The new building will be known as the Continental Oil Center and new building signage will be installed the week of March 26.

Of the company's 650 employees, 400 will office in Oklahoma City. Continental is currently hiring, and the employee count is expected to grow significantly over the next several years.

The move coincides with Continental's rise as one of the nation's leading oil and gas companies. It is the largest oil driller, producer and leaseholder in the Williston Basin of North Dakota and Montana, the largest leaseholder in the Bakken play of North Dakota and Montana, and a developer and largest leaseholder in the Anadarko Woodford of Oklahoma. The company is also the largest producer in the Red River Units of North Dakota, South Dakota and Montana.

In addition to changing its physical address, Continental is changing its website address. The new website address is www.CLR.com and will take effect today. CLR is also the company's NYSE symbol.

About Continental ResourcesContinental Resources is at the forefront of the exploration and production of oil and natural gas resources in the United States and is the largest producer of oil in the Williston Basin. Using the latest technology in horizontal drilling, Continental is leading the development of key oil and natural gas resources in the continental U.S., including the Woodford resource play in Oklahoma and the nation's premier oil play, the Bakken resource play in North Dakota and Montana. For more information, visit www.CLR.com.

Contact: Kristin Miskovsky, 405-234-9480, kristin.miskovsky@clr.com

SOURCE Continental Resources

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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