Continental Resources Promotes Jeff Hume to President and Chief Operating Officer
November 05 2009 - 6:00AM
PR Newswire (US)
ENID, Okla., Nov. 5 /PRNewswire-FirstCall/ -- Continental
Resources, Inc. (NYSE:CLR) has promoted Jeffrey B. Hume to
President and Chief Operating Officer of the Company. He has served
as COO since October 2008. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080505/LAM014LOGO) "Jeff has
demonstrated excellent leadership, especially over the past 12
months as he guided us through a period of extraordinary volatility
in commodity prices and positioned the Company to re-accelerate
growth," said Harold Hamm, Chairman and Chief Executive Officer.
"Along with operating and cost improvements, he played a key role
in maintaining the Company's focus on capital discipline as we
weathered the storm this past year." Today Continental announced
that it is ramping up drilling activity and plans to exit 2009 with
12 operated rigs, versus the previous target of six rigs. The
Company expects to have up to 23 operated drilling rigs deployed by
mid-2010. "Internally, Jeff has focused on strengthening our
organization, bringing in additional operating management and
preparing Continental for the next step-change in growth and
value-creation," Mr. Hamm said. The Company noted that Mr. Hamm
will continue to exercise an active operating management role as
Chairman and Chief Executive Officer. Prior to his promotion to
COO, Mr. Hume served as Senior Vice President of Operations. He was
previously 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. He joined Continental Resources in
May 1983 as Vice President of Engineering and Operations, prior to
which he 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. He
graduated from Oklahoma State University with a Bachelor of Science
degree in Petroleum Engineering Technology in 1975. Continental
Resources is a crude-oil concentrated, independent oil and natural
gas exploration and production company with operations primarily in
the Rocky Mountain and Mid-Continent regions of the United States.
The Company focuses its operations in large new and developing
plays where horizontal drilling, advanced fracture stimulation and
enhanced recovery technologies provide the means to economically
develop and produce oil and natural gas reserves from
unconventional formations. CONTACT: Continental Resources, Inc. J.
Warren Henry Brian Engel Investors Media (580) 548-5127 (580)
249-4731 http://www.newscom.com/cgi-bin/prnh/20080505/LAM014LOGO
http://photoarchive.ap.org/ DATASOURCE: Continental Resources
CONTACT: Investors, J. Warren Henry, +1-580-548-5127, or Media,
Brian Engel, +1-580-249-4731, both of Continental Resources, Inc.
Web Site: http://www.contres.com/
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