Continental Resources will raise about $600.2 million through a share sale. The Oil and natural gas producer will offer 10 million shares, which includes its own 9.17 million shares and 830,000 shares from selling shareholders , at a price of $68 per share.

The company will also grant the underwriters a 30-day option to purchase up to an additional 1.5 million shares to cover any over-allotments. The proceeds are expected to be used to fund the company’s multi-year drilling program and to repay its existing $750 million revolving credit facility.

Click here for the release from PR Newswire.