Samson to buy Williston Basin assets
USA The assets include producing oil and gas wells, shut-in wells and associated facilities on the Williston Basin, which spans parts of North Dakota and Montana.
The properties produce about 720 barrels of oil per day from 41 wells. As of October 2015, the agreed-upon assets hold a total of 8.5 million barrels of proven reserves, according to estimates by US consultancy Netherland, Sewell & Associates.
According to the statement, Samson will initially concentrate on bringing 17 wells that are currently not producing on stream.
The company expects to complete the deal on February 1 with an effective date of October 1, 2015.
Recent Posts
Seatrium wins MODEC contract for Guyana-bound FPSO
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More