Continental Resources (CLR) Closes In On One Million Net Acres in the North Dakota Bakken

CLR has grown its Bakken lease position to 901,370 net acres.  We're getting close to that "magic" number of one million net acres. 
 
Previously, 1Q11 --

• Previously:  Total Bakken acreage: 855,936 net acres 
• Previously:  BEXP presentation says CLR has 868,900 net acres
• Additional BLM acreage (8,266 acres) as of early December, 2010,  not included in that 864,559 net acres 

Source: press release.

Comment: some folks have commented that some operators are overextended and won't be able to get to all their leases before they expire. That may or may not be. I don't know. But I think these folks are smart enough to figure out how to manage their property. Regardless, in this operator's case, they are not selling their acreage; they are adding to it. Seed corn.