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

(Continued)

ENID — Looking for growth

All the while Continental is drilling in established reservoirs, it is searching for the next big opportunity.

“We have a very active exploration group, with a number of long-term, seasoned geologists,” Hart said. “We’re always looking for the next play. We’re not by nature an acquisition company, we’re an exploration company. We’re always looking for opportunities to expand what we have.”

Continental has offices across the U.S.,  its headquarters currently divided between Enid and Oklahoma City is challenging.

“We’re used to managing multiple locations,” he said, “but from a headquarters staffing perspective it’s always better if you’re in one location.

“It’s certainly easier when you can walk down the hall and see somebody. We’re a very personal, connected company. Face time between individuals is something that’s important to us.”

Continental has moved a portion of its information technology department into its new home in downtown Oklahoma City, a building still being vacated by former owner Devon Energy. The company was scheduled to take over two additional floors of its new building in late March. The finance department is scheduled to move to Oklahoma City in late May, while the remaining departments will be moving throughout the summer, Hart said.

“Devon will be fully out by the end of June, or thereabouts,” Hart said. “We should fully occupy (the new building) by late-July or mid-August.”

Continental’s new home, which will be called Continental Oil Tower, is a 19-story, 307,000-square foot building. More than 80 percent of Continental’s employees in Enid elected to make the move. Continental is expected to employ 400 people at its new headquarters, with that number expected to grow to 450 by the end of the year.

The move, Hart said, “has gone fairly seamlessly, so far. I expect it will continue to be done in an orderly and systematic fashion as we move forward.”

Continental’s future will be projected later this year when the company’s new five-year plan is released.

“We’ve got a long-term, sustainable growth profile in front of us,” Hart said. “We expect to be a very large, self-sustaining, cash flow generating, world class oil and gas company. We’re well on track for that. I expect us to be a significantly larger company.”ꆱ

Text Only
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