One-Page Deal Sheet
Whiting Ups Ante in the Bakken; Acquires Assets for $273 Million
Whiting Petroleum Corp. Not Disclosed
Announced Date
February 08,2022
Close Date
March 17,2022
Transaction Type
Property
Enterprise Value (EV)($MM)
273
Asset/Basin:
["Williston Basin"]
TargetZones:
["Bakken", "Three Fo
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 Corp. has entered into two agreements to acquire non-operated oil and gas assets in the Williston Basin of North Dakota.
The assets are being acquired from two private companies for total cash consideration of $273 million.
Deal Details:The assets are located in Mountrail County, North Dakota and increase the average operated working interest from 61% to 74% throughout Whiting's Sanish field.
Acreage: 14,563 net acres, Wells: 4 gross / 0.2 net drilled and uncompleted well interests Drilling Locations: 277 gross / 32 net undrilled locations Production: 4,500 BOEPD…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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