American Standard has executed a Purchase Agreement to acquire additional Bakken and Three Forks acreage including partial interest in 26 additional gross wells, of which 15 are currently producing, 10 completing and one drilling. The additional 367 plus net mineral acres acquired in the transaction are located within the Williston Basin of North Dakota. This acreage is located in the heart of the established area known as the Bakken.The acreage currently produces 2,900 barrels of oil daily.
With this acquisition, American Standard now has 6,000 acres of Bakken acreage. The article did not state how many acres were acquired in this transaction, nor the dollar cost of the deal.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.