COVER 11 filename11.htm Cover Letter to the SEC

August 17, 2006

 

Via EDGAR

 

H. Roger Schwall

Mellissa Campbell Duru

U.S. Securities and Exchange Commission

Division of Corporate Finance

100 F. Street, NE

Mail Stop 7010

Washington, D.C. 20549-7010

 

Re: Continental Resources, Inc.—Registration Statement on Form S-1 (File No. 333-132257)

 

Dear Mr. Schwall and Ms. Duru:

 

On the date hereof, Continental Resources, Inc. (the “Company”) filed Amendment No. 3 to its Registration Statement on Form S-1 (File No. 333-132257) (“Amendment No. 3”). The primary purpose of the filing of Amendment No. 3 was to include financial information with respect to the Company as of and for the six months ended June 30, 2006. In addition, the Company has updated certain other disclosure in Amendment No. 3 to reflect recent developments in its business and operations.

 

The Company has also provided herewith supplemental information to support the statement on page 57 of Amendment No. 3 that the Company ranked third among all oil companies in terms of gross operated crude oil production within certain Rocky Mountain states.

 

The Staff previously requested that the Company notify the Staff of all equity-related transactions prior to the effectiveness of the Registration Statement. On August 3, 2006, the Company granted an aggregate of 1,750 shares (19,250 shares after giving effect to the 11 for 1 stock split that the Company plans to effect in connection with the consummation of the offering) of restricted stock to three employees. Such shares were granted pursuant to the Company’s 2005 Long-Term Incentive Plan and will vest ratably over a period of three years.

 

Five courtesy copies of Amendment No. 3 (marked against Amendment No. 2 to the Registration Statement) will be sent to Ms. Duru by overnight mail for your convenience. In addition, the Company acknowledges that it is required to include information regarding the number of shares to be sold in the offering and the anticipated price range in a pre-effective amendment to the Registration Statement. The Company anticipates including such information in the next amendment to the Registration Statement and also anticipates printing and distributing the preliminary prospectus included in such amendment to the Registration Statement at the time of filing.

 

Please direct any questions that you have with respect to the foregoing or with respect to Amendment No. 3 to the undersigned at (580) 249-4538 or to Kathryn Still at (713) 758-4828.

 

Very truly yours,

/s/ Mark E. Monroe

Mark E. Monroe

President and Chief Operating Officer


From: Wakefield, John [mailto:John.Wakefield@ihsenergy.com]

Sent: Monday, August 07, 2006 12:24 PM

Subject: Top Operators in 4 state Area

 

The excel file sent to you represents the current (as of 07/21/2006) crude oil production volumes summarized for the Top operators for the specified time period (10/2005 thru 03/2006) for the 4 state (ND, SD, WY, MT) area.

 

This volume information was collected directly from each states’ regulatory agency and the operator designations represent the most current operators on file as of the summarization date. Potentially the current operator of any entity could be different than the operator originally reporting the production if the property changed hands after the production was initially reported. We only carry current operators of record.

 

John Wakefield

 

Senior Program Analyst, IHS

 

Energy

 

5333 Westheimer, Suite 100

 

Houston, Tx 77056

 

Tel    +1 713 840 8282

 

Direct    +1 713 369 0293

 

Fax    +1 713 599 9108

 

john.wakefield@ihs.com

 

www.ihs.com or www.ihs.com/energy

 

Confidentiality Notice: The information in this e-mail may be confidential and / or privileged. This e-mail is intended to be reviewed by only the individual or organization named in the e-mail address. If you are not the intended recipient, you are hereby notified that any review, dissemination or copying of this e-mail and attachments, if any, or the information contained herein, is strictly prohibited.


OPERATOR NAME


   Oct 2005
Oil BBls


   Nov 2005
Oil BBls


   Dec 2005
Oil BBls


   Jan 2006
Oil BBls


   Feb 2006
Oil BBls


   Mar 2006
Oil BBls


   6 months
Total


BURLINGTON RESOURCES O&G CO LP

   1,310,563    1,284,731    1,312,511    1,157,346    1,143,651    1,368,822    7,577,624

MARATHON OIL COMPANY

   770,758    734,739    744,890    756,025    673,696    753,995    4,434,103

CONTINENTAL RESOURCES INCORPORATED

   721,180    738,896    722,450    759,339    687,684    701,711    4,331,260

ENCORE OPERATING LIMITED PARTNERSHIP

   606,412    595,988    616,814    608,000    555,864    617,405    3,600,483

NANCE PETROLEUM CORPORATION

   472,949    470,889    470,513    466,870    439,535    488,874    2,809,630

MERIT ENERGY COMPANY

   427,661    439,473    460,566    435,818    406,844    467,107    2,637,469

ENERPLUS RESOURCES (USA) CORPORATION

   380,682    386,700    404,556    401,638    356,479    397,661    2,327,716

HOWELL PETROLEUM CORPORATION

   379,657    372,294    356,024    381,869    338,834    385,372    2,214,050

HEADINGTON OIL COMPANY LIMITED PARTNER

   356,460    331,446    340,167    330,173    286,592    316,177    1,961,015

WESTPORT OIL & GAS COMPANY LP

   346,088    336,210    333,843    330,541    291,617    307,669    1,945,968

AMERADA HESS CORPORATION

   288,503    274,734    279,035    269,438    244,976    276,154    1,632,840

CITATION OIL & GAS CORPORATION

   246,588    231,029    238,491    244,678    216,538    240,112    1,417,436

WHITING OIL & GAS CORPORATION

   163,261    155,084    157,693    156,611    138,920    156,033    927,602