Continental Resources posts profit, to buy Pioneer Natural’s Delaware assets

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(Reuters) – Continental Resources (NYSE:CLR) Inc on Wednesday posted a profit in the third quarter from a year-ago loss, and said it would buy Pioneer Natural Resources (NYSE:PXD) Co’s Delaware basin assets for $3.25 billion.

The oil and gas producer reported adjusted profit of $437.2 million, or $1.20 per share, for the three months ended Sept. 30, from a loss of $58.9 million, or 16 cents per share, last year.