One-Page Deal Sheet
Whiting Petroleum Sells Non-Core Property for $24.6 Million
Not Disclosed Whiting Petroleum Corp.
Announced Date
March 01,2007
Close Date
December 01,2006
Location
Calculated Metrics( EV/Category)
Region
Williston Basin,Permian,Canada
Country
Canada
Country
United States
State
Texas
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Production Production
Calculated Metrics( EV/Category)
Transaction Details: Subscribe to see
Whiting Petroleum Corporation today announced that the Company has sold its interests in several non-core properties. The sales were made to various undisclosed buyers for an aggregate amount of $24.6 million in cash. The divested properties include interests in the Permian Basin of West Texas and New Mexico, the Cessford field in Alberta, Canada, and the Ashley Valley field in Uintah County, Utah.
Average net production from the divested property interests was 413 BOE
per day as of the dates of disposition. The sold US properties had weighted
average lease operating expense (LOE) of $25.59 per…