One-Page Deal Sheet
Enerplus Sells Interest in North Dakota/Montana Asset for $115MM
Not Disclosed Enerplus Corp
Announced Date
August 30,2021
Effective Date
July 01,2021
Close Date
November 02,2021
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
115
Asset/Basin:
["Williston Basin"]
TargetZones:
[]
Location
Calculated Metrics( EV/Category)
Region
Rockies,Williston Basin
Country
United States
State
North Dakota
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Enerplus Corp. has entered into a definitive agreement to sell its interests in the Sleeping Giant field (Montana) and Russian Creek area (North Dakota) in the Williston Basin for total consideration of US$115 million.
The buyer was not disclosed.
This deal closed on November 2, 2021.
The Interests do not include any future drilling locations in Enerplus' identified Williston Basin drilling inventory.
In addition, Enerplus will receive up to US$5 million in contingent payments if the WTI oil price averages over $65 per barrel in 2022 and over $60 per barrel in 2023. The effective date of the…
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