One-Page Deal Sheet
Company Exits Bakken; Sells 9,000 Acres For $59 Million
Not Disclosed Forestar Group Inc.
Announced Date
April 11,2016
Effective Date
January 01,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
60
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Forestar Group Inc. announced that it has entered into two separate agreements with the same buyer to sell the Company’s oil and gas assets in the Bakken/Three Forks formation in North Dakota for nearly $60 million.
In first quarter 2016, Forestar sold 9 producing wells and over 900 net acres in North Dakota for $9.5 million. The second transaction, expected to close in second quarter 2016 and subject to customary closing conditions, includes over 130 producing wells and nearly 8,100 net acres of leasehold interests for $50 million.
Upon closing the transaction announced today, the Company…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-13-2025 |
-  |
- |
Click here | Montana | E&P |
| Jan-31-2024 |
- |
- |
Click here | North Dakota | E&P |
| Aug-24-2023 |
- |
- |
Click here | North Dakota | E&P |
| Sep-06-2022 |
- |
- |
Click here | E&P | |
| Jul-11-2022 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Nov-03-2025 | Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM | - |
- |
| Jul-08-2024 | Devon To Acquired PE-Backed Grayson Mill For $5 Billion | - |
- |
| Feb-21-2024 | Chord Energy and Enerplus to Combine in $11 Billion Transaction Creating Premier Williston-Focused E&P Company | - |
- |