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One-Page Deal Sheet

Enerplus Acquires Pure-Play Bakken E&P Bruin for $465MM

Enerplus Corp Bruin E&P Partners
AnnouncedJan 25, 2021
TypeCorporate
LocationBakken Shale & Three Forks
Announced Date
January 25,2021
Effective Date
January 01,2021
Close Date
March 10,2021
Transaction Type
Corporate
Enterprise Value (EV)($MM)
465




Snapshot
Asset/Basin:
["Williston Basin"]
TargetZones:
["Bakken", "Middle B
Net Acres
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% Oil:
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Net Operated Locations:
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Proved Reserves
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Location
Region
Williston Basin

Country
United States

State
North Dakota

County
Dunn ,Billings ,McKenzie

Play
Bakken Shale & Three Forks


Production & Reserves
Production
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Production Mix
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Reserves
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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$/Location
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Transaction Details:  Require Private Equity Subscription

Enerplus Corp. has acquired all of the shares of Bruin E&P HoldCo LLC, a pure play Williston Basin private company, for total cash consideration of US$465 million.

This deal closed on March 10, 2021.

Deal Highlights: Net Acres: 151,000, including 30,000 contiguous with Enerplus' tier 1 acreage position Production: 24,000 boepd (72% tight oil, 14% NGL and 14% natural gas) Proved Plus Probable Reserves: 84 MMBOE - consisting of 61.5 MMbbls of tight oil, 11.6 MMbbls of NGLs and 66.4 Bcf of shale gas Drilling Inventory: 149 (111 net) locations

Ian C. Dundas, President and CEO of…


Source : Require Private Equity Subscription


Other Williston Basin Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
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

Price History


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 - -