US oil and gas company Williston Basin Resources has agreed to sell 104,000 net acres of operated oil and gas assets in the Williston Basin to Bruin E&P Partners, a portfolio company of Arclight Capital Partners, in a deal estimated to be worth $1.4bn. The sale will allow Williston Basin to focus on the more than 41,000 net acres in the Delaware Basin, where the Ward and Pecos Counties offer decades of highly economic drilling inventory. The deal is subject to shareholder approval and is set to close next month.
US oil and gas company Halcon Resources has agreed to sell 104,000 net acres of operated oil and gas assets in the Williston Basin to Bruin E&P Partners, a portfolio company of Arclight Capital Partners, in a deal estimated to be worth $1.4bn. The sale will allow Halcon to focus on the more than 41,000 net acres in the Delaware Basin, where the Ward and Pecos Counties offer decades of highly economic drilling inventory. The deal is subject to shareholder approval and is set to close next month.