Continental Resources, Inc. Announces Closing of 5% Senior Notes Exchange Offer

  Continental Resources, Inc. Announces Closing of 5% Senior Notes Exchange
                                    Offer

PR Newswire

OKLAHOMA CITY, Nov. 14, 2012

OKLAHOMA CITY, Nov. 14, 2012 /PRNewswire/ -- Continental Resources, Inc. (the
"Company") (NYSE:CLR) announced today that it has completed its offer to
exchange up to $1.2 billion aggregate principal amount of its 5% Senior Notes
due 2022 registered under the Securities Act of 1933, as amended (the
"Exchange Notes"), for any and all of its outstanding 5% Senior Notes due
2022, which were issued in a private placement on August 16, 2012 (the
"Private Notes").

(Logo: http://photos.prnewswire.com/prnh/20120327/DA76602LOGO)

The registered exchange offer, which expired at 5:00 p.m., New York City time,
on November 13, 2012, fulfilled the Company's obligations regarding the
registration of its outstanding Private Notes, which were issued on August 16,
2012. Pursuant to a registration rights agreement entered into by the Company
in connection with the sale of the Private Notes, the Company agreed to file a
registration statement with the Securities and Exchange Commission relating to
the exchange offer and Exchange Notes.

The Company exchanged all of the Private Notes, meeting the conditions of the
exchange offer, which were tendered by the holders of those notes for Exchange
Notes.The Exchange Notes contain substantially identical terms to the Private
Notes.

Cautionary Statement for the Purpose of the "Safe Harbor" Provisions of the
Private Securities Litigation Reform Act of 1995

This press release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements included in this press release other than
statements of historical fact, including, but not limited to, statements or
information concerning the Company's future operations, performance, financial
condition, production and reserves, schedules, plans, timing of development,
returns, budgets, costs, business strategy, objectives, and cash flow, are
forward-looking statements. When used in this press release, the words
"could," "may," "believe," "anticipate," "intend," "estimate," "expect,"
"project," "budget," "plan," "continue," "potential," "guidance," "strategy,"
and similar expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain such identifying words.
Forward-looking statements are based on the Company's current expectations and
assumptions about future events and currently available information as to the
outcome and timing of future events. Although the Company believes that the
expectations reflected in the forward-looking statements are reasonable and
based on reasonable assumptions, no assurance can be given that such
expectations will be correct or achieved or that the assumptions are accurate.
When considering forward-looking statements, readers should keep in mind the
risk factors and other cautionary statements described under Part I, Item 1A.
Risk Factors included in the Company's Annual Report on Form 10-K for the year
ended December 31, 2011, registration statements and other reports filed from
time to time with the Securities and Exchange Commission (SEC), and other
announcements the Company makes from time to time.

The Company cautions readers that these forward-looking statements are subject
to all of the risks and uncertainties, most of which are difficult to predict
and many of which are beyond the Company's control, incident to the
exploration for, and development, production, and sale of, crude oil and
natural gas. These risks include, but are not limited to, commodity price
volatility, inflation, lack of availability of drilling and production
equipment and services, environmental risks, drilling and other operating
risks, regulatory changes, the uncertainty inherent in estimating crude oil
and natural gas reserves and in projecting future rates of production, cash
flows and access to capital, the timing of development expenditures, and the
other risks described under Part I, Item 1A. Risk Factors in the Company's
Annual Report on Form 10-K for the year ended December 31, 2011, registration
statements and other reports filed from time to time with the SEC, and other
announcements the Company makes from time to time.

Readers are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date hereof. Should one or more of the
risks or uncertainties described in this press release occur, or should
underlying assumptions prove incorrect, the Company's actual results and plans
could differ materially from those expressed in any forward-looking
statements. All forward-looking statements are expressly qualified in their
entirety by this cautionary statement. This cautionary statement should also
be considered in connection with any subsequent written or oral
forward-looking statements that the Company, or persons acting on its behalf,
may make.

Except as otherwise required by applicable law, the Company disclaims any duty
to update any forward-looking statements to reflect events or circumstances
after the date of this press release.

CONTACTS: Continental Resources, Inc.
Investors                            Media
Warren Henry, VP Investor Relations  Kristin Miskovsky, VP Public Relations
405-234-9127                          405-234-9480
Warren.Henry@CLR.com                  Kristin.Miskovsky@CLR.com

SOURCE Continental Resources

Website: http://www.clr.com