Link here.
Surge Energy Inc. is pleased to announce the acquisition of adjoining Spearfish light oil assets in Bottineau County, North Dakota through two key transactions (the "Acquisitions"). The Acquisitions more than double the Company's net unbooked Spearfish light oil drilling inventory by adding 205 gross (120 net) horizontal drilling locations. The Acquisitions also include a high working interest, contiguous undeveloped land base of more than 100,000 acres that is exploratory in nature and prospective for light oil in the Basal Spearfish and the Madison Formations.The press release is one of the more detailed press releases I've seen regarding an oil patch transaction.
Data points later, perhaps, but the link will take you there.
This combined with information on today's daily activity report suggests the Spearfish formation in Bottineau is about to get real busy.
I've looked several places to see from whom Surge may have purchased the Spearfish and Madison wells in northern North Dakota, but unable to find any specific answers. The scuttlebutt is Surge acquired the mineral acres from EOG. It had to be a pretty big operator: one of the two acquisitions involved 108,000 acres.
