Current CLR Stock Info

Continental divests North Dakota and Montana assets for $222 million
Continental Resources (ticker: CLR) announced the sale of non-core assets today for $222 million. The assets include 68,000 net acres in North Dakota and 12,000 net acres in Montana with 2,800 BOEPD of current production. The assets were sold to an undisclosed buyer, CLR said in their press release.

The implied deal metrics for Continental's deal were $2,775 per acre, and $79,285 per flowing BOE of production. "Assuming [an approximately $50k/Boe production rate multiple, ...


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