February 16, 2012 The Bakken: World-Class Development

Forward-Looking Information This presentation includes forward-looking information that is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. All information, other than historical facts included in this presentation, regarding strategy, future operations, drilling plans, estimated reserves, future production, estimated capital expenditures, projected costs, the potential of drilling prospects and other plans and objectives of management is forward-looking information. All forward-looking statements speak only as of the date of this presentation. Although the Company believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Actual results may differ materially from those anticipated due to many factors, including oil and natural gas prices, industry conditions, drilling results, uncertainties in estimating reserves, uncertainties in estimating future production from enhanced recovery operations, availability of drilling rigs, pipe and other services and equipment, availability of oil and natural gas transportation capacity, availability of capital resources and other factors listed in reports we have filed or may file with the Securities and Exchange Commission. This presentation also includes information on reserves potentially recoverable through additional drilling or enhanced recovery operations. Non-proven estimates are generally not permitted to be disclosed in SEC filings and are subject to a substantial risk of not being realized. 2

IPO May 2007, NYSE :CLR, $14 Billion Mkt. Cap. #1 oil producer in the Williston Basin #2 oil producer in the Rockies On track to triple 2009 production and reserves by YE 2014 –5,300 potential net undeveloped locations –3.2 Billion boe net unrisked reserve potential –$2.00 Billion 2011 CAPEX –$1.75 Billion Budgeted 2012 Capex Continental Resources Highlights 3

Organic Growth Company Through Exploration and Technology Focus on “Unconventional Reservoirs and Resource Plays” Red River- ND (1995) Bakken - MT (2003) Bakken - ND (2004) Arkoma Woodford - OK (2006) Anadarko Woodford - OK (2008) Niobrara- CO,WY (2010) Drilled over 1,000 operated horizontal wells 1,370,000 net undeveloped acres 518,000 net developed acres Counties with CLR leasehold 4

Bakken Oil Field SASKATCHEWAN MANITOBA WYOMING SOUTH DAKOTA MONTANA WILLISTON BASIN NORTH DAKOTA Bakken Oil Field Potentially the largest oil field discovered worldwide in last 40 years Up to 24 Billion boe of estimated recoverable reserves (20Bbo and 4Bboe of natural gas) Doubles U.S. proved reserves Helping reverse decline of U.S. oil production Creating jobs 5

Bakken Petroleum System Over-pressured, basin centered oil field Huge continuous oil accumulation ~ 14,700 square-miles…size of MA and CT combined Largest ever assessed by USGS 3,600+ hz completions 200 active rigs ~2,000 new wells being added per year CLR leasehold strategically located within thermal kitchen CLR acreage Bakken Three Forks MATURE BAKKEN “KITCHEN” MATURE BAKKEN “KITCHEN” MIGRATED CONVENTIONAL OIL FIELDS 250 Miles 200 Miles Fault Zone MARGINALLY MATURE BAKKEN MARGINALLY MATURE BAKKEN 6

Bakken Petroleum System MATURE U.S.CANADA SWNE IMMATURE MARG. MATURE Three Forks 275 Miles Lodgepole (Top Seal) “Bakken Kitchen” Continuous, over-pressured oil trap “Bakken Kitchen” Continuous, over-pressured oil trap M Bakken Nisku (Bottom Seal) 7

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1953 Antelope Field - Discovery 52 Vertical Wells 12.9 MMbo & 30.1 Bcf Vertical Bail-Out Completions 70+ Vertical completions 1988 Elk Horn Ranch/Bicentennial 192 Hz wells MMbo & 51.9 Bcf Short HZ – No frac 2000 Elm Coulee 648 Hz wells completed (10/2010) 96 MMbo & 74 Bcf (10/2010) 50,000 Bopd peak production Dual leg HZ wells - Open hole frac 2006 ND-MT 2,075 Hz wells completed (10/2010) 300 Mbopd and 210 MMcfd (10/2010) Single leg HZ -Liner/multi-stage fracs Bakken Play…50 Years in the Making 160 Miles Montana North Dakota Approx. Area of Thermal Maturity 2000 Dual Leg HZ Open Hole Frac 2000 Dual Leg HZ Open Hole Frac 1988 Short HZ- No Frac 1988 Short HZ- No Frac 1953 Vertical (Disc) 1953 Vertical (Disc) 2006 Single leg HZ- Liner/Multi stage frac 2006 Single leg HZ- Liner/Multi stage frac Bakken Producer 9

Phases of Oilfield Development 10 Yr 1-5 Leasing and exploratory drilling Yr 1Yr 10YR 20Yr 30Yr 40Yr 50Yr 60 Yr 3-7 Leasing and development drilling Infrastructure design Yr 5-10 Infrastructure build-out Yr Full-field development and producing life

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Bakken Production History (MT & ND) ~490,000 Bopd ~3,700 WELLS Multi Leg HZ Open hole Frac HZ wells No frac Single Leg HZ Liner / Multi-stage Frac Daily Oil Production (BOPD) Well Count

Largest leaseholder in the Bakken play 901,370 net acres Most active driller 22 operated rigs drilling (2/1/12) Pioneered development of the Three Forks reservoir and use of ECO-Pad ® CLR: Bakken Leader 13

14 Continental’s ECO-Pad Technology

ECO-Pad ® Development Dual-zone development 8 Potential wells per 1,280-acre unit (4 Middle Bakken and 4 Three Forks) 4.8 MMBoe total EUR 603 MBoe EUR per well X 8 wells 15 Upper Bakken shale TF 2 nd Bench Lower Bakken shale TF 3 rd Bench TF 4 th Bench Middle Bakken dolomite Lodgepole limestone Nisku anhydrite TECHNICALLY PROVEN INDICATED PAY 1 st TEST DRILLING FUTURE TEST Upper Three Forks 1 st Bench 2 Miles 660’ 1,320’ Multiple fracture stages with a 500’ stimulation radius 10,000’ below surface 1 st ECO-Pad well pair

Completed Eco-Pad 16

Bakken’s Full Scale Development Model

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