One-Page Deal Sheet
Evolution Petroleum Acquires Bakken Assets in $25.9MM Deal
Evolution Petroleum Corp. Foundation Energy Management Llc
Announced Date
January 20,2022
Effective Date
June 01,2021
Close Date
January 14,2022
Transaction Type
Property
Enterprise Value (EV)($MM)
26
Asset/Basin:
["Williston Basin"]
TargetZones:
["Bakken"]
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
County
Billings ,Golden Valley ,McKenzie
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Evolution Petroleum has acquired oil-weighted, non-operated oil and natural gas assets in the Williston Basin from privately-owned Foundation Energy Management for $25.9 million.
The Company acquired 50% of certain interests in North Dakota in Billings, Golden Valley, and McKenzie counties.
The Transaction had an effective date of June 1, 2021 and closed on January 14, 2022.
Deal Details: Net Acreage: 47,500 net acres (85% HBP) Wells & Drilling Locations: average working interest of approximately 39% in 73 producing wells with over 400 gross potential drilling locations Proved Reserves:| Announced Date | Buyer | Seller | Deal Value($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 |
|---|---|---|---|
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| Jul-08-2024 | Devon To Acquired PE-Backed Grayson Mill For $5 Billion | - |
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| Feb-21-2024 | Chord Energy and Enerplus to Combine in $11 Billion Transaction Creating Premier Williston-Focused E&P Company | - |
- |