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New Deal


Announced

Continental Resources to acquire Delaware Basin assets of Pioneer Natural Resources for $3.25bn.

Financials

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Transaction Value£2,381m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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oil and gas

Pending

Majority

Private

Acquisition

Single Bidder

United States

Integrated Oil and Gas

Domestic

Friendly

Synopsis

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Continental Resources, an American petroleum and natural gas exploration and production company, agreed to acquire Delaware Basin assets of Pioneer Natural Resources, an oil and gas exploration and production company, for $3.25bn. "Continental's foundation has always been built upon a strong geology-led corporate strategy. This continues today and has directly led us to our new strategic position in the Permian," Bill Berry, Continental Resources CEO.

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