Continental Resources’ agreement to acquire FireBird Energy II adds a meaningful Midland Basin position to Continental’s broader Permian footprint. According to Continental, FireBird owns approximately 54,000 net acres in the Midland Basin, adding oil-weighted production and development inventory adjacent to Continental’s existing operations.
The acquired assets include approximately 147,000 net resource acres across more than six stacked-pay reservoirs, are 95% operated, and are producing approximately 32,000 boepd, with 69% oil. The acquisition also adds 307 gross operated development locations.
The map powered by Rextag Energy DataLink shows the deal as a Permian footprint expansion, not only a Midland Basin acreage addition. Continental acreage is shown across the broader Permian area, including Delaware and Midland Basin context, while FireBird Energy II acreage is shown as the Midland Basin acquisition target. Major crude oil transmission pipelines, major natural gas transmission pipelines, and operational gas processing plants are included to show the infrastructure environment around the acreage.
This revised map does not show wells. That keeps the visual focus on the acquisition footprint and surrounding takeaway infrastructure. The point is not to show every producing asset, but to show how FireBird’s Midland Basin acreage fits near Continental’s broader Permian position and existing crude, gas, and processing infrastructure.
That context matters because Continental described the acquisition as part of its continued Permian expansion. The company said the deal strengthens its ability to apply unconventional development expertise across a larger, more contiguous Permian position and is expected to create opportunities for operational efficiencies, longer-term development planning, and continued optimization across its Permian Basin portfolio.
Continental also said that, inclusive of the FireBird acquisition, it has grown its Permian acreage by more than 40% over the past 14 months. That makes the transaction part of a broader regional buildout, not a standalone acreage purchase.
The transaction is expected to close in September 2026, subject to customary closing conditions.
Why it matters
● Continental is adding approximately 54,000 net acres in the Midland Basin.
● The acquired assets include approximately 147,000 net resource acres across more than six stacked-pay reservoirs.
● FireBird’s position is 95% operated, producing approximately 32,000 boepd, with 69% oil.
● The transaction adds 307 gross operated development locations.
● The map shows Continental’s broader Permian acreage context, including Delaware and Midland Basin areas, with FireBird shown as the Midland Basin acquisition target.
● Continental says its Permian acreage has grown by more than 40% over the past 14 months, inclusive of the FireBird acquisition.
What the map shows
A Permian acreage and infrastructure view of Continental’s FireBird Energy II acquisition.
● Continental Resources acreage
● FireBird Energy II acreage
● Delaware Basin / Midland Basin context
● Permian Basin outline or locator context
● Major crude oil transmission pipelines
● Major natural gas transmission pipelines
● Operational gas processing plants
A deeper dive with Energy DataLink
Using Rextag Energy DataLink, users can:
● compare operator acreage positions and well footprints across the Permian Basin
● map acquisition targets against nearby crude oil and natural gas takeaway infrastructure
● identify operational gas processing plants surrounding key development corridors
● evaluate how basin position, development density, and infrastructure overlap in M&A analysis
● build infrastructure-backed views for upstream strategy, market intelligence, and acquisition screening
