A lawsuit filed in Oklahoma against Continental Resources is asking the shale heavyweight to follow through on a $200 million asset purchase after it allegedly backed out of the deal following the oil price collapse in early March. Continental on 6 March agreed to buy oil and gas assets from privately held Casillas Petroleum Resource Partners after signing a purchase and sale agreement, the day that the Opec+ supply deal went sour and wreaked havoc on the market. That was according to the lawsuit filed in Tulsa County District Court in Oklahoma on 15 April. The deal was expected to close weeks after on 31 March, according to the suit. But Continental later asked Casillas to postpone the closing due to "changes in the oil and gas markets", according to the lawsuit.
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