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One-Page Deal Sheet

Continental Buys Oil Producing Properties

Continental Resources, Inc. Chesapeake Energy Corp
AnnouncedJan 14, 2008
TypeProperty
Announced Date
January 14,2008
Close Date
January 14,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
60




Snapshot
Asset/Basin:
{"Williston Basin"}
Proved Reserves
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Location
Country
United States

State
North Dakota

Production & Reserves
Production
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Reserves
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Calculated Metrics( EV/Category)
$/ Flowing
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Transaction Details:  Require Private Equity Subscription

Continental Resources announced today the execution of a definitive agreement to acquire producing oil properties in North Dakota and Montana from an affiliate of Chesapeake Energy Corporation for $60 million. The Williston Basin properties currently produce approximately 700 barrels of oil equivalent per day. As of December 2007, proved reserves for the properties were estimated at approximately 4 million barrels of oil equivalent.

"This group of oil properties is high quality and will fit well with our existing Williston Basin assets. We will assume operations on all of the 32 gross (29…


Source : Require Private Equity Subscription

United States Deal Activity In Last 12 Months


Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Nov-03-2025 - - Click here North Dakota  E&P
Jul-08-2024 - - Click here North Dakota  E&P
May-29-2024 - - Click here North Dakota  E&P
Feb-21-2024 - - Click here North Dakota  E&P
Jan-31-2024 - - Click here North Dakota  E&P

Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
May-13-2025 - - Click here Montana  E&P
Jul-11-2022 - - Click here Montana  E&P
Jul-06-2022 - - Click here Montana  E&P
Aug-30-2021 - - Click here Montana  E&P
Feb-10-2021 - - Click here Montana  E&P

Price History


Date Deal Headline Price$/acre
Nov-03-2025 Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM -   8,172
Jul-08-2024 Devon To Acquired PE-Backed Grayson Mill For $5 Billion -   3,257
Feb-21-2024 Chord Energy and Enerplus to Combine in $11 Billion Transaction Creating Premier Williston-Focused E&P Company -