Continental Resources, Inc. (CLR)
Q2 2012 Earnings Call
August 9, 2012 10:00 AM ET
Harold Hamm – Chairman and CEO
Rick Bott – President and COO
John Hart – SVP, CFO and Treasurer
Richard Muncrief – SVP, Operations
Jack Stark – SVP, Exploration
Steve Owen – SVP, Land
Jeff Hume – Vice Chairman, Strategic Growth Initiatives
Subash Chandra – Jefferies
Leo Mariani – RBC
Pearce Hammond – Simmons
Brian Corales – Howard Weil
Hsulin Peng – Robert W Baird
Noel Parks – Ladenburg Thalmann
Eli Kantor – IBERIA Capital
Rudy Hokanson – Barrington Research
Andrew Coleman – Raymond James
Good day, ladies and gentlemen, and welcome to the Continental Resources Second Quarter 2012 Earnings Conference Call. This conference call is being recorded.
Today’s call will include projections, assumptions and guidance that are considered forward-looking statements. Actual results will likely differ from those contained in our forward-looking statements. Please refer to the company’s filings with the Securities and Exchange Commission for additional information concerning these statements and risks.
Chairman and CEO, Harold Hamm, will begin this morning’s call, followed by President and COO, Rick Bott, and Chief Financial Officer, John Hart. After their remarks, we will open the floor to questions. Other members of management are also available to answer your questions.
Now, I will turn the call over to Mr. Hamm.
Good morning, everyone. Thank you for joining us for Continental’s second quarter earnings call. Two years ago, we met with many of you here in Oklahoma City at our first Continental Resources’ Investor Day. At that conference, we unveiled our five-year plan to triple production in proved reserves by year-end 2014. At that time, some of you may have been skeptical that we could do that, but we will meet that production goal by early- to mid-2013, 18 to 24 months ahead of that plan. And we moved the company headquarters from Enid, Oklahoma to Oklahoma City in the meantime.