Continental Resources boosts Bakken stake
Founder & Editor in Chief
This story was filed on
BY ADAM WILMOTH Energy Editor awlmoth@opubco.com
Continental Resources Inc. on Thursday boosted its stake in the oil-rich Bakken field in North Dakota and Montana in a $649 million deal the Oklahoma City energy company said will increase production and reduce costs.
Also on Thursday, Continental sold most of its holdings in the Michigan and Illinois basins for $125 million.
Continental bought more than 119,000 net acres from Tulsa-based Samson Resources Co.
Support our incoming Report For America members!
© Buffalo's Fire. All rights reserved.
This article is not included in our Story Share & Care selection.The content may only be reproduced with permission from the Indigenous Media Freedom Alliance. Please see our content sharing guidelines.