Whiting Expands Position in Williston Basin’s Sanish Field for $237 Million

Whiting Petroleum said it entered into separate agreements with two private companies to acquire the nonoperated assets in the Williston Basin’s Sanish Field in Mountrail County, North Dakota.

Whiting Expands Position in Williston Basin’s Sanish Field for $237 Million

The pair of transactions increase Whiting Petroleum’s average operated working interest to 74% from 61% throughout the Sanish Field. (Source: Hart Energy)

Whiting Petroleum Corp. is expanding its position in the Williston Basin’s Sanish Field through a pair of acquisitions totaling $237 million. 

“We know and understand the Sanish Field extremely well and are very comfortable with the rate of return we are achieving,” Lynn A. Peterson, president and CEO of Whiting, commented in a company release on Feb. 8.

In the release, Whiting said it had entered into separate definitive agreements with two private companies to acquire nonoperated oil and gas assets in the Williston Basin, where Whiting’s operations are solely focused following its exit last year from the Denver-Julesburg Basin.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.