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Continental Resources adds to oil acreage at North Dakota auction
2015-03-20 00:04:14| Electronics - Topix.net
Continental Resources Inc, the second-largest North Dakota oil producer, spent $2.3 million at a state land auction for the right to explore for crude on 160 acres, outbidding its nearest rival with just seconds left on the clock. The deal, secured this week with a check to state officials, shows that despite the more-than 60 percent drop in crude prices since last summer, demand for oil-rich acreage in the state remains high.
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Category:Electronics and Electrical