Continental Resources Inc. recently revealed itself as the mystery buyer of the Powder River Basin acreage held by Samson Resources II LLC—a deal that adds 130,000 net acres of oil and condenstate-rich acreage to the company’s Oklahoma and North Dakota positions.

Oklahoma City-based Continental entered a $215 million purchase agreement with Samson in December for its Powder River acreage in Wyoming, according to a company release on Feb. 16. Samson Resources had disclosed the deal earlier this year with plans that it would begin to wind down its business. The company has been selling assets since its emergence from bankruptcy in 2017.

Harold Hamm, Continental’s founder and executive chairman, described the Powder River Basin acquisition on a Feb. 17 earnings call as a homecoming of sorts for the company.

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Onshore