One-Page Deal Sheet
Enerplus Acquires Bakken Assets from Hess in $312MM Cash Deal
Enerplus Corp Hess Corp
Announced Date
April 08,2021
Close Date
May 03,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
312
Asset/Basin:
["Williston Basin"]
TargetZones:
["Middle Bakken", "T
Net Acres
% Oil:
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Enerplus Corp. has agreed to acquire assets in the Williston Basin from Hess Corp. for $312 million in cash.
This deal closed on May 3, 2021.
Deal Overview- Acreage: 78,700 net acres (contiguous) in Dunn County, ND
- Production: 6,000 BOEPD (76% tight oil, 10% natural gas liquids ("NGL") and 14% natural gas)
- Drilling Locations: 110 net tier one undrilled locations (77% operated)
The Acquisition is accretive to Enerplus' drilling inventory, extending its development drilling by an additional two to three years based on these tier one locations. After the Acquisition, Enerplus estimates it…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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