Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Top Story | Private Equity | Deals - Acquisition, Mergers, Divestitures | Capital Markets

Enerplus Closes $465MM Acquisition of Bakken-Focused Bruin

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Thursday,March 11,2021

Enerplus Corp. has closed its previously announced acquisition of Williston-focused Bruin E&P HoldCo LLC for $465 million.

The purchase price was funded by Enerplus fully drawing its new three-year US$400 million term facility, along with a portion of the proceeds from Enerplus' C$132 million equity offering completed on February 3, 2021.

The Company remains undrawn on its US$600 million bank credit facility.


Related Categories :

Deals - Deal Close   

More    Deals - Deal Close News

Rockies News >>>


Williston Basin News >>>