Continental enters the Permian Basin with $3 billion acquisition

Continental Resources posts $10.6 million third-quarter profit | Business  News | tulsaworld.com

 

Oklahoma City-based Continental Resources is starting 2022 with its first-ever entry in the Permian Basin following its $3 billion acquisition of Pioneer Natural Resources assets in the region.

Continental CEO Bill Berry said the purchase will mark the company’s entrance into the Permian Basin region, complimenting assets held in the Bakken region in North Dakota, along with the Powder River Basin in Colorado and operations in Oklahoma reported the Carlsbad Current-Argus.

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