Continental Resources Enters Permian Basin in $3.25 Billion Expansion

Transaction Type
Basin
Permian Basin; Delaware Basin
Announce Date
Post Date
Close Date
Estimated Price
$3,250.0MM
Description

Acquired Pioneer’s Delaware Basin position in the Permian covering approximately 92,000 net acres in Pecos, Reeves, Ward and Winkler Cos. in W TX with net production of approximately 50,000 boe/d and over 650 gross operated locations in Third Bone Spring/Wolfcamp A and B.