Shareholders of Continental Resources, Inc. (NYSE:CLR) have approved the Company's purchase of the assets of Wheatland Oil Inc. of Enid, Oklahoma. Wheatland's principal assets are an ownership of approximately 5% of the interest acquired by Continental Resources in all leases and wells in a defined portion of the Bakken play pursuant to a participation agreement effective January 1, 2002.
The transaction is expected to be completed on Monday, August 13, 2012 by the transfer of approximately 3.9 million shares of Continental Resources common stock to the owners of Wheatland Oil. ...