Continental Resources Guides FY13 Production Growth 35-40%; Had Seen 30-35%
Continental Resources, Inc. (NYSE: CLR) has completed the acquisition of 119,218 net acres in the Bakken field, primarily in Williams and Divide counties, North Dakota, from Samson Resources Company for $649.3 million in cash, subject to post-close adjustments. The acquisition includes production of approximately 6,500 barrels of oil equivalent per day (Boepd), of which 82 percent is crude oil.
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