Published November 10, 2012, 07:52 AM
Big Bakken driller to expand in N.D.
One of the oldest and biggest operators in North Dakota’s Oil Patch said it’s acquiring more acreage in the state.
BISMARCK (AP) — One of the oldest and biggest operators in North Dakota’s Oil Patch said it’s acquiring more acreage in the state.
Oklahoma City-based Continental Resources Inc. said it has entered into an agreement to acquire producing and undeveloped properties for $650 million. The leased property includes about 120,000 acres, primarily in Divide and Williams counties.
Continental said it is currently the largest leaseholder in the Bakken, with more than 984,000 acres. The company said the proposed acquisition will increase the total to 1.1 million acres.
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