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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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Bryan Horwath
A Wisconsin native, Horwath has been covering news in the Oil Patch of North Dakota since 2012. Horwath currently serves as the senior agriculture and political reporter for The Dickinson Press and, despite the team's tendency to always let him down, remains a diehard Minnesota Vikings fan.
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