Magnum Hunter to Buy Baytex Non-Operated Bakken Assets

Link here.

Note: this is just the non-operated interests. Some numbers rounded in data points below. Go to link for exact figures.

Data points

• $312 million deal; Magnum Hunter subsidiary Bakken Hunter was the buyer
• Magnum Hunter buys Baytex's non-operated interests in North Dakota
• assets sold represent 45% of Baytex's net ND acreage; 40% of its current US production
• Baytex says it will still drill 10 net wells in the Bakken/Three Forks as previously announced
• Bakken Hunter estimates that new assets produced 950 boe/d of light oil production
• 149,700 gross/50,400 net acres; 24% is developed
• assets estimated to have proved reserves of 12 million boe (8 percent natural gas)
• probably proved reserves of 18 million boe (8 percent natural gas)