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This profile was last updated on 7/1/14  and contains information from public web pages and contributions from the ZoomInfo community.

Employment History

Board Memberships and Affiliations


  • bachelor of science , marine sciences
    Texas A&M University
  • master of science , geology
    Texas A&M University
  • Masters , Geology
    Texas A
  • B.S , Marine Sciences
    Texas A
69 Total References
Web References
This comes as no surprise to ..., 1 July 2014 [cached]
This comes as no surprise to Rick Bott, president and chief operating officer of Continental Resources Inc.
Referring to the Woodford, he says, "We are applying precision horizontal drilling and multistage stimulation to reservoirs that everyone knew were there," he says.
Bott, who's company president and COO, points out that Continental has trimmed some of its activity in the two Woodford plays and directed more attention to the Bakken, a move that can be directly attributed to depressed natural gas prices.
"Continental Resources started in the Arkoma Woodford in 2006," he says.
Meanwhile, Bott calls the Anadarko Woodford "one of our key focus areas for growth. Continental Resources became involved in the Anadarko Woodford in 2008. It has drilled 104 wells and has 315,675 acres under lease, Bott says. He adds second-quarter production came in at 16,672 boe/d in the Woodford, four times more than comparable 2011 production.
He adds that the company's Anadarko Woodford wells typically produce 20 percent crude oil. He notes that his company doesn't break out the NGL numbers that are included in the 80-86 percent natural gas component in the reported production.
"We have shifted our drilling activity from what we call the Northwest Cana to the Southeast Cana, where it is more liquids-rich," he acknowledges, adding that the Lambakis 1-11H, completed in May 2011, validates the geological model for the Southeast Cana and extends its range 25 miles south of the previously known Anadarko Woodford and into oily areas.
Despite its success in the area, Bott says Continental Resources has gone from 14 rigs operating in the play to six in the second half of 2012.
"We have been on a kick to apply capital discipline and push back on high service costs," he explains.
Continental's horizontal laterals and fracture stages in the Bakken have become standard on each well, but Bott says that will not necessarily be the case in the Anadarko Woodford.
Despite cutting back on its drilling program, Bott says Continental Resources remains "upbeat and optimistic" about its Anadarko Woodford play. "It is one of our focus areas," he emphasizes. "It is a very proven oily basin, and it is in our own backyard. It is complicated drilling, but it fits what we like to do."
He calls price volatility the biggest challenge to the Mid-Continent's development, noting that propane prices are half what they were a year ago and bottlenecks remain in the delivery to the storage hub in Conway, Ks.
"But I am optimistic that balance will come back into the play," Bott offers.
Corporate Governance - Management | Investor Relations | Continental Resources, 24 May 2014 [cached]
W. F. "Rick" Bott President and Chief Operating Officer
"It will have to be cost ..., 20 Sept 2013 [cached]
"It will have to be cost competitive with the pipelines of those come on and reach the major refining centers," Continental chief executive Rick Bott said today.
The net back to the well is nice translating down to the bottom line," Bott said.
The company produced 76,909 b/d of oil equivalent (boe) in the North Dakota Bakken in the second quarter. Total crude production averaged 96,029 b/d, which included output from the Montana Bakken and Oklahoma. The company's development in the company's South Central Oklahoma Oil Province (Scoop) area has yielded 30-80pc in rates of return, making it comparable with the Bakken, Bott said. Net output from that region rose by 23pc to 17,550 boe/d, making it the second-highest producing area in which Continental drills.
News Release | Investor Relations | Continental Resources, 14 May 2012 [cached]
Rick Bott will succeed Mr. Hume as President and Chief Operating Officer.
Rick Bott most recently served as Executive Director and Chief Operating Officer of Cairn India Limited , a publicly listed company and member of the Nifty Fifty of the India National Stock Exchange . Mr. Bott has over 27 years of global exploration and production experience leading integrated organizations, developing new business and focusing on cross-cultural leadership development. Earlier, Mr. Bott served in Devon Energy Corporation 's International Division, where he was Vice President responsible for developing and implementing exploration strategy. He also served as President of Ocean Egypt Companies and as President of
Rick Bott 's caliber.
, and I feel privileged to join this cohesive organization with solid financials and am excited about helping to achieve real growth and long-term shareholder value," Mr. Bott said.
Board of Directors | United Way Of Central Oklahoma, 6 April 2014 [cached]
Rick Bott Continental Resources
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