Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 29, 2008 (July 29, 2008)

 

 

CONTINENTAL RESOURCES, INC.

(Exact name of registrant as specified in its charter)

 

 

Oklahoma

(State or other jurisdiction of incorporation)

 

1-32886   73-0767549
(Commission File Number)   (IRS Employer Identification No.)

 

302 N. Independence

Enid, Oklahoma

  73701
(Address of principal executive offices)   (Zip Code)

(580) 233-8955

(Registrant’s telephone number, including area code)

 

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 2.02 Results of Operations and Financial Condition

On July 29, 2008, Continental Resources, Inc. issued a press release announcing its unaudited second quarter 2008 results. A copy of the press release is being furnished as an exhibit to this report on Form 8-K.

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

In the July 29, 2008 press release Continental also announced that President and Chief Operating Officer Mark Monroe will retire effective October 31, 2008. Mr. Monroe joined the Company in his present positions in October 2005, but has served on the Company’s Board of Directors since 2001 and plans to continue in that role. Jeff Hume, Senior Vice President of Operations will be promoted to Chief Operating Officer, and Mr. Hamm will assume the President position.

Jeffrey B. Hume, 56, became our Senior Vice President of Operations in November 2006. He was previously elected as Senior Vice President of Resource and Business Development in October 2005, Senior Vice President of Resource Development in July 2002 and served as Vice President of Drilling Operations from 1996 to 2002. Prior to joining us in May 1983 as Vice President of Engineering and Operations, Mr. Hume held various engineering positions with Sun Oil Company, Monsanto Company and FCD Oil Corporation. Mr. Hume is a Registered Professional Engineer and member of the Society of Petroleum Engineers, Oklahoma Independent Petroleum Association and the Oklahoma and National Professional Engineering Societies. Mr. Hume graduated from Oklahoma State University with a Bachelor of Science degree in Petroleum Engineering Technology in 1975.

Mr. Hume owns 25% of Wheatland Oil Co. (“Wheatland”), the other 75% of which is owned by our principal shareholder Harold Hamm. Wheatland participates in several of our oil and gas properties with interests generally ranging between 5% and 10% of our interest. During the year ended December 31, 2007, we disbursed net oil and gas and other revenues of approximately $9.4 million and billed costs of approximately $9.0 million to Wheatland.

 

Item 7.01 Regulation FD Disclosure

In the July 29, 2008 press release, Continental Resources also announced its participation in the Enercom 2008 Oil & Gas Conference in Denver on Monday, August 11; at the 2008 Lehman Brothers Energy Conference in New York on Thursday, September 4; and at the John S. Herold 17th Annual Pacesetters Energy Conference in Old Greenwich, Connecticut on Wednesday, September 24. Presentations and audio links will be posted on the Company’s web site.

In accordance with General Instruction B.2 to Form 8-K, the information being filed under Items 2.02 and 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibit

 

Exhibit

Number

  

Description

99.1

   Press release dated July 29, 2008


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    CONTINENTAL RESOURCES, INC.
(Registrant)
Dated: July 29, 2008    
  By:  

/s/ John D. Hart

    John D. Hart
    Vice President, Chief Financial Officer and Treasurer


Exhibit Index

 

Exhibit

Number

  

Description

99.1

   Press release dated July 29, 2008