rimrock

Whiting Petroleum Corporation Closes Sale of Fort Berthold Area Assets for $500 Million

DENVER–(BUSINESS WIRE)–Sep. 1, 2017– Whiting Petroleum Corporation (NYSE: WLL) announced today that it closed the previously announced sale of its Fort Berthold Indian Reservation area assets located in Dunn and McLean Counties, North Dakota. The purchase price was $500 million, subject to closing and post-closing adjustments. The Company used the proceeds from the sale to pay $500 million down on its revolver.

RIMROCK RESOURCE PARTNERS, LLC ANNOUNCES ACQUISITION OF SCOOP ASSETS

Rimrock Resource Partners, LLC (Rimrock) today announced that it has closed a $150 million acquisition of assets from an undisclosed seller. The oil and gas assets cover approximately 24,500 net leasehold acres that are 100 percent held by production, approximately 2,100 BOE/D, and 3,100 net mineral acres located predominately in the Golden Trend portion of the SCOOP play. In October 2015, Rimrock announced a $75 million funding commitment from Post Oak Energy Capital (Post Oak)