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One-Page Deal Sheet

Unit Corporation Sells Williston Basin / Bakken Assets To QEP Resources

QEP Resources, Inc. Unit Corp.
AnnouncedAug 23, 2012
TypeProperty
LocationBakken Shale & Three Forks
Announced Date
August 23,2012
Close Date
September 27,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
268




Snapshot
Asset/Basin:
{"Williston Basin"}
TargetZones:
{Bakken}
Net Acres
Location
Region
Williston Basin

Country
United States

State
North Dakota

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Unit Corporation's wholly owned subsidiary, Unit Petroleum Company, has entered into two separate agreements to sell certain non-core oil and natural gas assets for $268.0 million, subject to customary pre-closing and post-closing adjustments.

Unit Petroleum has entered into an agreement with QEP Energy, a wholly owned subsidiary of QEP Resources, Inc., to sell its interest in certain of its Bakken properties as part of a transaction that QEP recently announced it is acquiring in North Dakota's Williston Basin.

Larry D. Pinkston, Unit's President and Chief Executive Officer, commented "We are…



Other Williston Basin Region's Deals



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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 - -