Market Overview

Continental Resources Guides FY13 Production Growth 35-40%; Had Seen 30-35%

Share:

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.

Posted-In: News Guidance

 

Related Articles (CLR)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→