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Continental Sells Bakken Assets for $222M, Jones Pays $136M for Some in the Stack

Oil and gas assets continue to exchange hands at what many think may be the bottom of the downturn, with Continental Resources (CLR) selling Bakken properties in the Rockies for $222 million and Jones Energy (JONE) buying ones in the Stack play in Oklahoma for $136.5 million.

Continental's sale, announced Thursday to an undisclosed seller, involves what it calls non-strategic properties. They cover 68,000 net acres primarily in western Williams County...