A huge thank you to Don for this link: CLR acquired the acreage from Samson Resources. Samson was on my short list, but I ruled it out.
From the first link:
The seller of the assets is Samson Resources, one of the largest privately held exploration and production companies in the U.S. A year ago, Samson was acquired by a group of investors led by Kohlberg Kravis Roberts (KKR) from the Schusterman family for $7.2 billion (other investors are Natural Gas Partners, Crestview Partners and Itochu Corporation). Founded in 1971, by the time of the acquisition by KKR, Samson had grown key positions in oil and liquids-rich plays such as the Bakken, Powder River Basin, Green River Basin, Granite Wash, Cana Woodford and Cotton Valley as well as in the Haynesville and Bossier gas shales and owned interests in over 10,000 wells of which it operated over 4,000 wells in the U.S.And the deal:
Last week was marked by the announcement of yet another sizeable M&A transaction in the Williston Basin. Continental Resources disclosed on November 7, 2012, that it has entered into an agreement to acquire producing and undeveloped properties in the Bakken for $650 million. The property includes leasehold of approximately 120,000 net acres, primarily in Divide and Williams counties, North Dakota, and production of approximately 6,500 Boe/d. This consolidating acquisition adds to Continental's strong position in the northern portion of the Bakken play and increases the company's interest in the properties it already operates.Go to the link for more.
Folks may remember the huge story regarding the new development in Williston announced by KKR the other day.
Cheapshot/catty: 10 - 1, this story will be posted elsewhere within the hour, but the MDW will not be referenced.