From a CLR press release:
I assume I blogged about this earlier, but can't remember, and I know there is a lot of interest regarding CLR's new acreage. The 23,161-acre block came from Newfield.Continental Resources announced the acquisition of 23,161 net acres in Williams County, North Dakota , associated production of approximately 1,000 net Boepd, and eight wells that are drilled but not yet completed. The transaction was completed in February 2012 for $276 million . Continental will act as operator on 89 percent of the newly acquired acreage, most of which is already held by production. In total, the new acreage represents 29 operated spacing units for Continental.The Company also announced the acquisition of leases covering an additional 12,017 net acres in February 2012 ."These acquisitions are a great fit with our current Bakken position and are 100 percent ready to drill," Mr. Hamm said."Our goal is to add to and high-grade our strategic leasehold, concentrating on Bakken acreage where we will have a dominant working interest and operating control.