BISMARCK, N.D. (AP) _ One of the oldest and biggest operators in
North Dakota's oil patch says it's acquiring more acreage in the
Oklahoma City-based Continental Resources Inc. says it has
entered into an agreement to acquire producing and undeveloped
properties for $650 million. The leased property includes about
120,000 acres, primarily in Divide and Williams counties.
Continental says it is currently the largest leaseholder in the
Bakken, with more than 984,000 acres. The company says the proposed
acquisition will increase the total to 1.1 million acres.
Continental has been drilling for more than two decades in North
Dakota and was among the first to tap a Bakken well in 2004 using
horizontal drilling technology.