North Dakota

FieldPoint Petroleum Corp., Austin, acquired a lease of 440-800 gross acres at $155/acre with 16-20% royalty in Renville County, ND., on the north side of the North Dakota Bakken unconventional oil play.

By OGJ editors
HOUSTON, Jan. 4
-- FieldPoint Petroleum Corp., Austin, acquired a lease of 440-800 gross acres at $155/acre with 16-20% royalty in Renville County, ND., on the north side of the North Dakota Bakken unconventional oil play.

Most of the play is to the south in Mountrail, Burke, Divide, and Dunn counties.

The company didn’t give a date for drilling and said it might have to acquire more leasehold if available.

More in Companies