One-Page Deal Sheet
PetroShale Adds Interest in EOG-Operated Bakken Drilling Unit
Petroshale Inc. EOG Resources, Inc.
Announced Date
January 15,2014
Close Date
January 28,2014
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
3
Location
Region
Williston Basin
Country
United States
State
North Dakota
Play
Production & Reserves Reserves
Transaction Details: Subscribe to see
Closing Announcement - January 28, 2014
PetroShale Inc. confirms that the acquisition of interests in North Dakota, previously announced on January 15, 2014, has now closed.
Under the terms of the agreement, PetroShale paid a finders' fee of US$75,000 to an arm's length third party. This fee represents less than 3% of the total transaction cost to the Company.
Initial Announcement - January 15, 2014PetroShale Inc. has finalized an agreement to acquire an 18.75% Working Interest in a proposed drilling unit in McKenzie County, North Dakota, for a total purchase price of US$3.25 million…
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