Continental Resources, Inc. (NYSE:CLR) announced that it has commenced a registered exchange offer to exchange up to $800 million aggregate principal amount of its 5% Senior Notes due 2022 which have been registered under the Securities Act of 1933, as amended, for any and all of its outstanding 5% Senior Notes due 2022, which were issued in a private placement.

The sole purpose of the exchange offer is to fulfill the Company's obligations with respect to the registration of the Private Notes.

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 with the Securities and Exchange Commission a registration statement relating to an exchange offer pursuant to which Exchange Notes, containing substantially identical terms to the Private Notes, would be offered in exchange for Private Notes that are tendered by the holders of those notes.

The Exchange Offer will expire at 5:00 p.m., New York City time, on July 31, 2012, unless extended. Private Notes tendered pursuant to the Exchange Offer may be withdrawn at any time prior to the expiration date by following the procedures set forth in the prospectus pertaining to the Exchange Offer.