One-Page Deal Sheet
Whiting Ups Ante in the Bakken; Acquires Asset for $271 Million
Whiting Petroleum Corp. Not Disclosed
Announced Date
July 21,2021
Close Date
September 14,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
271
Asset/Basin:
["Williston Basin"]
TargetZones:
["Bakken"]
Net Acres
% Oil:
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
County
Mountrail
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Whiting Petroleum has agreed to acquire assets in the Williston Basin from a private company for total cash consideration of $271 million.
Deal Details: Acreage: 8,752 net acres Production: Net daily production of approximately 4,200 BOE/d (80% oil) Wells: 5 gross/ 2.3 net drilled and uncompleted wells; and 61 gross / 39.5 net undrilled locations (100% operated) located in Mountrail County, North DakotaThese properties adjoin and complement Whiting's existing operations in the Sanish field and will require minimal additional general and administrative costs.
The transaction is…
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