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Samson Resources II, LLC Announces the Closing of the Sale of Its Powder River Basin Assets


Samson Resources II, LLC Announces the Closing of the Sale of Its Powder River Basin Assets
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TULSA, Okla., March 4, 2021 /PRNewswire/ Samson Resources II, LLC ( Samson or the Company ) announced today that it has successfully closed the previously announced sale of its Powder River Basin assets to Continental Resources, Inc.    
Following this closing, the Company has successfully divested substantially all of its upstream assets. The Company s only remaining upstream oil and gas assets consist of approximately 24,000 net leasehold acres, 23,000 net mineral acres and 40 non-operated wells, all located in East Texas, Oklahoma and Louisiana, which the Company is currently marketing for sale and anticipates divesting in Q2 2021.  ....

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Continental Forecasting Sixth Straight Year of Positive FCF as Oil Prices Strengthen


Continental Forecasting Sixth Straight Year of Positive FCF as Oil Prices Strengthen
Continental Resources Inc. expects to generate positive free cash flow (FCF) for a sixth straight year in 2021 amid an improving outlook for oil prices, according to management.
During a Feb. 17 conference call to discuss the firm’s 2020 earnings, Executive Chairman Harold Hamm cited “unprecedented challenges” faced in 2020 due to the Covid-19 pandemic, including U.S. crude oil prices briefly plunging negative for the first time ever in April.
“Despite the dramatic impact of Covid on crude oil demand last year, global inventories now appear to be rebalancing on vaccine optimism and tighter supplies as the U.S. and global producers exhibit capital and market discipline.” ....

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Continental Resources Inc (CLR) Q4 2020 Earnings Call Transcript


Continental Resources Inc (CLR) Q4 2020 Earnings Call Transcript
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Continental Resources Inc (NYSE: CLR)
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Operator
Good day, ladies and gentlemen, and welcome to the Continental Resources, Inc. Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to Rory Sabino, Vice President of Investor Relations. Please go ahead.
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company s SEC filings. Please see our ....

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