CLR's Net Bakken Acreage Decreases Slightly -- Bakken, North Dakota, USA

For the record, I'm updating total Bakken acreage held by Continental Resources at the FAQ tab.

According to CLR's 2010 annual report, the company controls 855,936 net acres in the Bakken (ND and MT).

This is down slightly from previously reported 864,559 net acres.

In previous reports, CLR also makes reference to about 8,000 BLM acres. "BLM" is not mentioned in the 2010 annual report.

CLR acquired 8,266 BLM acres in ND/MT in the December 9, 2010, auction.

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Update: This is a note I was sent verbatim regarding the BLM purchase and why CLR is not reporting it (having said that, I am curious why CLR did not put this in their annual report -- at least I didn't see it in the annual report):

If you look at BLM lease operations for Nov/Dec (2010) they got held up under green house gas emissions. So it is my understanding that even though you won /bought the land lease, until the paper work is done about the green house gas emissions, a lease title is not issued to the lessee.

So this is why clr is not counting the 8,000 BLM acres.

http://billingsgazette.com/news/state-and-regional/montana/article_366f8e74-3347-11e0-aaa7-001cc4c03286.html