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Continental makes Forbes' list of top small companies

October 27, 2010
TOPICS: In the news
Enid's Continental Resources, headed by former OIPA Chairman Harold Hamm, has been named one of the best small businesses in the country.

From the Tulsa World:

Continental Resources Inc. of Enid, Tulsa-based AAON Inc. and Ada-based Pre-Paid Legal Services Inc. all made Forbes' list of America's 100 Best Small Companies of 2010.

The ranking, based on sales and other financial data, will be published in the Nov. 8 issue of Forbes.

To compile the annual list, the magazine ranks public companies that have revenues of $5 million to $1 billion. The enterprises must have been publicly traded for at least a year and have shares valued at more than $5.

Oil exploration company Continental Resources, included on the list for the first time, ranked No. 23 based on $906 million in revenues and sales growth of 15 percent in the four quarters ended June 30.

The drilling company has garnered headlines in becoming one of the largest holders of oil reserves in the country, and CEO Harold Hamm has become a billionaire in recent years.

Continental also had a healthy return on equity of 40 percent, Forbes says.

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