One-Page Deal Sheet
Continental Resources Acquires Bakken Assets
Continental Resources, Inc. Not Disclosed
Announced Date
November 12,2012
Close Date
December 20,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
650
Asset/Basin:
{"Williston Basin"}
TargetZones:
{Bakken,"Three Forks
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Continental Resources, Inc. announced it has entered into an agreement to acquire certain Bakken producing and undeveloped properties for $650 million. The property includes leasehold of approximately 120,000 net acres, primarily in Divide and Williamscounties, North Dakota, and production of approximately 6,500 barrels of oil equivalent per day (Boepd).
Continental is currently the largest leaseholder in the Bakken, with 984,040 net acres as of September 30, 2012. If completed, the proposed acquisition will increase this total to 1.1 million net acres.
If the Bakken acreage acquisition is…
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