RimRock Oil & Gas Williston LLC has agreed to buy properties in the Bakken-Three Forks play of the Williston basin from Whiting Petroleum Corp. for $500 million cash.
Second-quarter production from the properties net to Whiting’s interest averaged 7,785 boe/d.
The purchase covers 29,637 net acres in the Fort Berthold Indian Reservation area of Dunn and McLean counties, ND. Included are 29 nonoperated drilling spacing units and 17 operated units.
Whiting said it will apply proceeds to bank debt of $550 million.
