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Continental Resources (CLR +0.6%) completes the acquisition of 119K net acres in the Bakken...

Continental Resources (CLR +0.6%) completes the acquisition of 119K net acres in the Bakken field for ~$775M, increasing its Bakken leasehold to 1.1M net acres. CLR expects the transactions to reduce 2013 production operating costs per boe to $5.20-$5.60 from $5.50-$5.90 and increase production growth to 35%-40% from 30%-40%.
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