Friday, November 27, 2015

Closing The Loop: Lime Rock Resources Announces Closing Its Third Acquisition In The Williston Basin -- The Russian Creek Acquisition -- November 27, 2015

Press release here, dated November 20, 2015.
Lime Rock Resources, acquirers and operators of producing oil and gas properties in the United States, today announces that it has successfully closed a third acquisition in the Williston Basin.
The Russian Creek acquisition of acreage and producing wells in the Williston is the Lime Rock Resources funds’ largest acquisition to date. The Lime Rock Resources team has begun leveraging operational synergies with its other Williston Basin properties and applying its operational expertise to the large-scale asset.
The three Williston Basin acquisitions:
  • West Stanley
  • Sanish
  • Russian Creek
The entire description of the Russian Creek acquisition:
Lime Rock Resources acquired the North Dakota and Montana oil-weighted properties in the Williston Basin in 2015 from a large, publicly traded E&P company.
The OXY USA Russian Creek acquisition back in 2010 is described at this post. It is not known if the Lime Rock Russian Creek acquisition is identical to the OXYUSA Russian Creek acquisition.

No comments:

Post a Comment