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Tuesday, April 12, 2011

American Standard Announces Another Acquisition in the Bakken, North Dakota, USA

Ticker: ASEN.OB

Link here for most recent acquisition, announced April 12, 2011:
  • Acquired 2,780 acres, Mountrail County
  • Average paid: $669/acre
  • Total transaction price: $1.9 million (rounded)
  • Total Bakken acreage after this transaction closes: 18,900 acres
Acquisition prior to this one, dated March 2, 2011.
  • Acquired 10,148 acres, located within 8 counties of North Dakota
  • Seller: Geronimo Holding Corporation
  • Average price paid: $725/acre
  • Single largest Bakken acquisition to date for American Standard
  • Following that acquisition: 16,000 acres
Previous acquisition in the Bakken, dated December 1, 2010.
  • In this transaction, acquired 367 acres plus 26 additional gross wells
There are no websites for ASEN.OB.

Eastern Mountrail county has not been very productive to date; without knowing where their acreage is, one cannot comment on the price paid (<$1,000/acre) for their most recent acquisitions.

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