Mining News

Reuters reveals Continental Resources to buy Texas land from Pioneer

Share on facebook
Share on twitter
Share on linkedin
Share on email

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.

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on email