After a year of acquisitions doubling down in the Bakken Shale, Enerplus Corp. continues to make A&D waves with another multimillion-dollar deal.

According to a company release from the Calgary, Alberta-based independent E&P company on Aug. 30, Enerplus has agreed to sell its interests in Montana’s Sleeping Giant Field and North Dakota’s Russian Creek area in the Williston Basin to an undisclosed buyer for total consideration of $115 million. In addition, Enerplus said it will also receive up to $5 million in contingent payments tied to future oil prices as part of the sale agreement.

“The sale of our legacy position in Montana and the Russian Creek acreage in North Dakota, properties which were not attracting capital in our portfolio, brings significant value forward and accelerates our debt reduction plans,” commented Ian C. Dundas, president and CEO of Enerplus, in the company release on Aug. 30.

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