Continental Resources COO Sees Better Climate Under Trump

The transcript discusses the impact of regulatory changes under President Trump, highlighting the improved business environment for companies like Continental. It contrasts this with the challenges faced during the Obama administration, where increasing regulations required expanded regulatory departments. The discussion then shifts to investment strategies, focusing on the Bakken region, where capital efficiencies have reduced costs. The Dakota Access Pipeline's impact on market share and production differentials is also explored, emphasizing the increased takeaway capacity and its potential to lower differentials.

How did companies like Continental perceive the regulatory environment under President Obama?

• As supportive and encouraging

• As burdensome and overreaching

• As unpredictable and chaotic

• As neutral and balanced

What is the primary focus of Continental's drilling budget for the year?

• Developing new drilling technologies

• Completing uncompleted wells in the Bakken

• Investing in renewable energy sources

• Expanding into new international markets

What percentage of Continental's capital is being allocated to completing the duck inventory in the Bakken?

• 50%

• 60%

• 70%

• 80%

What is the expected impact of the Dakota Access Pipeline on the Bakken oil market?

• Increase in regulatory challenges

• Reduction in market share

• Decrease in oil differentials

• Increase in production costs

What role do refiners play in the Dakota Access Pipeline?

• They pull barrels from the basin

• They are responsible for regulatory compliance

• They are the primary producers on the pipeline

• They manage the pipeline's maintenance