Continental Resources was looking for a centralized solution for global lease consolidation, abstraction and management that could meet their unique and complex needs. As a highly sophisticated customer with a detailed understanding of what they required, Continental Resources selected Lease Administration by Nakisa to address compliance with new leasing standards.
Continental Resources will now have the ability to handle comprehensive lease accounting requirements and support transition accounting. They will be able to manage analysis, valuation, and assessment of lease contract data all within a single solution thereby reducing costs by making lease data accessible and actionable for stakeholders. All this is accomplished with a seamless integration with existing SAP technologies.
About Continental Resources
Continental Resources (NYSE: CLR) is a top 10 independent oil producer in the U.S. Lower 48 and a leader in America's energy renaissance. Based in Oklahoma City, Continental is the largest leaseholder and one of the largest producers in the nation's premier oil field, the Bakken of North Dakota and Montana. The Company also has leading positions in Oklahoma, including its SCOOP Woodford and SCOOP Springer discoveries and the STACK and Northwest Cana plays. With a focus on the exploration and production of oil, Continental has unlocked the technology and resources vital to American energy independence and America’s leadership in the new world oil market.
A global leader in enterprise business solutions for Organization Transformation and Accounting and Compliance, Nakisa delivers innovative, forward-thinking and robust human resource and financial management solutions that advance your business strategies.
Working with a global network of partners and as one of the few Solution Extension (SolEx) partners of SAP® since 2007, Nakisa serves 800+ enterprise customers and over 4 million subscribers in 24 industries. Nakisa is proud to work with some of the world’s most renowned brands.