The Enid News and Eagle, Enid, OK

Progress 2012

April 7, 2012

Leaving the nest, ready to fly

Continental Resources is realizing its goal of growth with its move to Oklahoma City

ENID — These are heady days for Continental Resources.

The independent oil and natural gas exploration company, formed in Enid in 1967 by wildcatter Harold Hamm as Shelly Dean Oil., is growing, both in terms of production and reserve as well as in numbers of employees.

And the company is in the midst of moving its headquarters and some 250 employees from Enid to the firm’s new home in downtown Oklahoma City, a move announced just more than a year ago.

All of which is making life interesting for John Hart, Continental’s senior vice president, chief financial officer and treasurer.

“It’s exciting,” Hart said. “It has a number of opportunities and challenges that go with it. We’re continually working to manage growth, put in the proper systems, hire the proper people. What fits a company of a smaller nature doesn’t necessarily fit a company of a larger nature.”

Moving for growth

At the end of 2009, Hamm — Continental’s founder, board chairman and chief executive officer — set a goal of tripling the company’s production and reserve growth by 2014.

“We’re well on track to do that,” Hart said. “At the end of 2011 we had approximately doubled the size of the company in a two-year period. I think it’s safe to say we’re on track or ahead of schedule in that plan.”

That rate of growth, Hart said, is the chief reason the company is moving its base of operations to Oklahoma City.

“The principle reason we had to relocate is we have a significant amount of hiring that we needed to do in a very short period of time,” Hart said. “We needed to have access to a larger employee base and closer access to airports and government officials.”

Continental’s strong growth rate, Hart said, is expected to continue this year.

“Our expectation is that we’ll grow (production) 37 to 40 percent in 2012 in relation to what we grew in 2011,” Hart said. “In 2011 we grew 43 percent over 2010.”

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Progress 2012
  • onlineheader.jpg 2012 ON THE HORIZON

    The News & Eagle puts out an annual progress edition. This year's 2012 On the Horizon focuses on developments now and in the future. The stories in text format are available by scrolling down this page.

    Links to pdf format: Economic Development I Health and Wellness I Education I Northwest Oklahoma I Family I Faith I Agriculture and Energy I Community Service

     

    February 18, 2012 1 Photo

  • cover.jpg Community Service

    Enid News & Eagle's 2012 On the Horizon edition concludes with the role of community service.

    Click HERE for text version of the stories.

    Click HERE for pdf version of the edition.

    April 15, 2012 1 Photo

  • Chisholm vs Okeene_6_BV.jpg Chisholm seeks consistency

    August 19, 2012 1 Photo

  • Karen Vanover_Bass Hospital Volunteer_2_BV.jpg A positive interaction

    Karen Vanover and A.Z. Callicoat are past volunteers of the year at their respective hospitals, Vanover at Integris Bass Baptist Health Center and Callicoat at St. Mary’s Regional Medical Center.

    April 14, 2012 2 Photos

  • Sandbox Learning Center_Ella Mae Loggins_BV.jpg Foster Grandparents: The solver of all problems

    “It’s something to get up for in the morning." — Foster Grandparent Ella Loggins

    April 14, 2012 2 Photos

  • Hedges_Carmen Ball_3_BV.jpg Hear this

    Hedges is committed to improving communications skills for those in need in northwest Oklahoma.
    Executive Director Carmen Ball said Hedges is the only full-service speech and hearing center in northwest Oklahoma.

    April 14, 2012 3 Photos

  • Stephanie Ezzell_BV.jpg Doing their part for the community

    Stephanie Ezzell is active in the community in a number of capacities, including the popular Farmers Market, on the southeast corner of Grand and Garriott.

    April 14, 2012 1 Photo

  • Keepin' Enid Green_1_BV.jpg Sorting out the service

    The curbside recycling business began after Chris Feeney of Oklahoma Employment Securities’ Material Recovery, a recycling venture, repeatedly was asked why the option wasn’t available.

    April 14, 2012 2 Photos

  • ESL_Emmanuel Baptist Church_4_BV.jpg Learning the language

    Volunteers at Emmanuel Baptist Church stepped up to fill that gap with free ESL instruction last January, and now they have hopes of expanding the program to better serve the community.

    April 14, 2012 3 Photos

  • First Presbyterian Church Mentoring_1_BV.jpg Tutoring joy

    Each Wednesday after school, church members pick up students — there are 23 in this year’s group — and take them to the church building for a snack, some fun and plenty of homework help.

    April 14, 2012 3 Photos