One-Page Deal Sheet
Citadel Energy Acquires Five Bakken Freshwater Wells
Citadel Energy Services Llc Not Disclosed
Announced Date
May 09,2014
Close Date
May 08,2014
Transaction Type
Asset
Location
Region
Williston Basin
Country
United States
State
North Dakota
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Citadel Energy Services, LLC has acquired five commercial freshwater wells in McKenzie County, North Dakota. All five of these freshwater wells are located in one of the busiest counties of the Bakken Shale for oil drilling activity, and adds to the company’s existing water supply available for drilling operations to oil and gas companies in the region.
Terms were not disclosed.
Stanton Dodson, Executive Chairman of Citadel Energy, commented, "The acquisition of these five freshwater sites is a strong addition to our existing ability to provide ready supply to our clients. These sites extend…
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