Continental Resources acquires FireBird Energy II

Continental Resources has agreed to acquire FireBird Energy II, a Quantum Capital Group-backed upstream oil and gas company, expanding Continental's Permian Basin position. The transaction is expected to close in September 2026, subject to customary closing conditions.

The acquisition adds approximately 54,000 net acres in the Midland Basin, with production of approximately 32,000 boe per day and 307 gross operated development locations.

The deal gives Continental a larger, more contiguous Permian position and is expected to create operational efficiencies and longer-term development opportunities.

Read more: PR Newswire