Emerald Oil acquires 20K Williston Basin acres for $75M

Emerald Oil (EOX) enters into two separate agreements to acquire additional core Bakken and Three Forks producing properties in North Dakota for a combined ~$75M.

The acquisitions contain 20.8K net acres, including ~19.5K net acres highly contiguous to EOX's Low Rider operating area, with 350 boe/day of estimated current net production.

Upon closing, EOX's total Williston Basin leasehold will increase to ~85K net acres (75% operated).

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs