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Announced

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

Synopsis

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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