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MCS - Continental Resources Highlights - May 6, 2020
On March 6, Continental Resources signed an agreement to buy 19,300 net acres in Stephens, Carter and Garvin counties, Oklahoma, from Casillas Petroleum Resource Partners for $200 million. WTI settled at $41.28/bbl that day but plummeted the following trading day. The deal was supposed to close March 31, but Continental tried to delay the closing and eventually attempted to terminate the deal, citing wastewater incidents. Kayne Anderson- and Ridgemont Equity Partners-backed Casillas is now......
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