Reuters reveals Continental Resources to buy Texas land from Pioneer - Reuters News Agency
Energy

Reuters reveals Continental Resources to buy Texas land from Pioneer

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. 

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
Birds fly over storage tanks on a Continental Resources oil production site near Williston, North Dakota January 23, 2015.  REUTERS/Andrew Cullen   (UNITED STATES - Tags: BUSINESS ENERGY COMMODITIES)
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