One-Page Deal Sheet
MDU / Fidelity Exploration Sells Bakken Assets
Kaiser-Francis Oil Company, Liberty Resources II LLC Fidelity Exploration & Production, MDU Resources Group Inc.
Announced Date
November 03,2015
Close Date
March 31,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
450
Asset/Basin:
{"Williston Basin"}
Location
Region
Williston Basin
Country
United States
State
North Dakota
County
Stark ,Mountrail
Play
Transaction Details: Require Private Equity Subscription
MDU Resources & Its Exploration division is reporting that they have entered into five purchase and sales agreement.
The company also announced that it recently entered into five purchase and sale agreements and closed on one of the agreements in October, for the sale of the oil and natural gas assets held by its indirect subsidiary, Fidelity Exploration & Production Company.
Based on Well Transfer data with the state, it shows that Kaiser Francis Oil and Liberty are major acquirers of the assets.
The other four sale agreements are expected to close before year-end. The aggregate sale…
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