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 […] The post Reuters reveals Continental Resources to buy Texas land from Pioneer appeared first on Reuters News Agency.

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. 

The post Reuters reveals Continental Resources to buy Texas land from Pioneer appeared first on Reuters News Agency.