Buying up the Bakken: Continental to purchase 120,000 acres for $650M
The largest leaseholder in the Bakken is prepared to increase its stake here by $650 million.
Continental Resources Inc. is doubling down on its already substantial investment in the Bakken, according to a press release issued by the company this week.
Continental has entered into an agreement to purchase 120,000 acres of undeveloped Bakken land -- primarily in Divide and Williams counties -- said Continental Vice President of Investor Relations Warren Henry.
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