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[3.25 billion dollars! Continental Energy (CLR.US) acquired Pioneer Natural Resources (PXD.US) Delaware Basin assets] Continental Energy (CLR.US), a US oil and gas producer, said on Wednesday that it had agreed to buy the Delaware Basin (Delaware Basin) assets of peer Pioneer Natural Resources (PXD.US) for $3.25 billion to expand its business to Texas. The move suggests that the surge in crude oil prices has prompted some US energy companies to trade as they seek to increase production.

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