Renaissance Capital logo

Oil and gas concern Continental Resources files for IPO

March 7, 2006
CLR

Continental Resources, an independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions, registered for an initial public offering Tuesday afternoon. The OK-based company generated $376 million in sales with an operating cash flow margin of 75.9% for the year ended 2005. J.P. Morgan and Merrill Lynch head the list of underwriters on the deal. Terms and timing have yet to be announced.