Whiting Petroleum Corporation Closes Sale of North Dakota Midstream Assets for $375 Million

No comments

Whiting Petroleum Corporation, January 8, 2017

Whiting Petroleum Corporation recently announced that it had closed the previously announced sale of its 50 percent interest in the Robinson Lake natural gas processing plant and associated natural gas gathering system located in Mountrail County, North Dakota and its 50 percent interest in the Belfield natural gas processing plant and associated natural gas, crude oil and water gathering systems located in Stark, Billings and Dunn Counties, North Dakota. The all cash purchase price was $375 million, subject to closing and post-closing adjustments.

About Whiting Petroleum Corporation

Whiting Petroleum Corporation, a Delaware corporation, is an independent oil and gas company that explores for, develops, acquires and produces crude oil, natural gas and natural gas liquids primarily in the Rocky Mountain region of the United States. The Company’s largest projects are in the Bakken and Three Forks plays in North Dakota and Niobrara play in northeast Colorado. The Company trades publicly under the symbol WLL on the New York Stock Exchange. For further information, please visit http://www.whiting.com.

Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.