Peregrine Acquires Interests In McKenzie County -- March 9, 2019

Press release. Data points:

• Peregrine Energy acquires producing and non-producing royalties in McKenzie County
• seller: undisclosed
• this acquisition: 22 wells "in the heart of the play"
• Whiting and Hess, the operators
• Peregrine says both operators are expanding their footprint in the Bakken

One can find out more about Peregrine at this tab, to include:

• acquiring royalty property in Divide County, press release, March 3,  2018
• May 6, 2016: a permit for a well in Hay Draw field, McKenize County
• April 16, 2015: Peregrine Petroleum: has six permits in North Dakota; the previous five were back in the early 1990's; this is the first new permit in North Dakota in two decades for Peregrine:
  
• 23920, Peregrine Petroleum, Covered Bridge-Bakken, establish a 1280-acre unit; 4 wells, McKenzie; Covered Bridge is a 3-section field in south central McKenzie County, far from the sweet spots in McKenzie; Peregrine did have some Bakken wells back in the 1990's; there is a huge Birdbear well in this little section that has produced almost 500,000 bbls since 1983; a stripper well now
• March 13, 2015: Peregrine drilled five (5) Bakken wells many years ago; all very short horizontal wells in the far south-central/west McKenzie County (currently not much activity); they are all still active and producing, albeit very, very little; this is the company's first permit in North Dakota since 1993