OKLAHOMA CITY, May 25, 2012 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) has announced the appointment of Kirk Kinnear as Vice President of Oil Marketing Logistics. In this role, he will be responsible for ensuring the company's crude oil production has access to the most competitive markets.
"I have been watching Continental Resources' incredible growth story unfold for several years now and am thrilled to have the opportunity to work for industry icon and visionary Harold Hamm," Mr. Kinnear said. "He and his talented team have been at the epicenter of America's onshore production renaissance from the start and have been steadfast in their mission to make the country less dependent on foreign oil. I look forward to helping Continental find the best home for the high-quality crude oil it produces."
Mr. Kinnear brings with him 33 years of crude oil marketing, international arbitrage, refinery supply, energy trading and hedging experience. Additionally, he has a track record of successfully negotiating Strategic Petroleum Reserve purchase and sale contracts with the U.S. Department of Energy. He has served as a Board Member and Secretary of the NYMEX Charitable Foundation and as a member of several futures exchange advisory committees.
"Kirk Kinnear's history of leading high-performance teams and demonstrating creative thinking make him a welcome addition to Continental Resources as we develop new markets for our growing production base," said Harold Hamm, Chairman and Chief Executive Officer of Continental Resources. "He has the keen intellect and drive to be successful in accomplishing our company's goals, and we look forward to his contributions."
Mr. Kinnear is the inventor of a business method patent that enables the establishment of global physical delivery commodity futures contracts. Prior to joining the company, he was Executive Director at JP Morgan and Vice President at RBS/Sempra Commodities in Connecticut. He has also held various crude marketing and trading positions with Hess Energy Trading, Phibro, MG Refining and CRA/Farmland in Texas, Kansas, Oklahoma, Missouri and New York and has worked on pipeline projects in Valdez, Alaska, and Alberta, Canada. Mr. Kinnear earned his Bachelor of Arts degree in Economics and Business Administration from Wartburg College and his MBA from Rockhurst University.
About Continental Resources
Continental Resources is a Top 10 petroleum liquids producer in the United States and the largest leaseholder in the nation's premier oil play, the Bakken Play of North Dakota and Montana. Based in Oklahoma City, the company also has a leading presence in the Anadarko Woodford Play of Oklahoma and the Red River Units Play of North Dakota, South Dakota and Montana. Founded in 1967, Continental's growth strategy has focused on crude oil since the 1980s. The company reported total revenues of $1.6 billion for 2011 and is on track to triple production and proved reserves from 2009 to 2014. For more information, please visit CLR.com.
SOURCE Continental Resources