Reuters broke the news that U.S. oil and gas producer Continental Resources Inc is nearing a deal to acquire the Delaware Basin assets of peer Pioneer Natural Resources for more than $3 billion. Shares of Continental reversed gains on news of the pending acquisition and dropped 6%. Pioneer’s stock edged slightly into positive territory.
Energy
Reuters reveals Continental Resources to buy Texas land from Pioneer
03 November 2021, 6:31 pm 1 minute
Article Tags
Topics of Interest: Energy
Type: Reuters Best
Sectors: Business & FinanceCommodities & EnergyUtilities & Other Energy
Regions: North America
Countries: US
Win Types: Overall Coverage
Media Types: Text
Customer Impact: Important Regional Story