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A&D - Empire acquires Bakken assets from Ovintiv for $8.5MM - March 2020
Tulsa-based Empire Petroleum struck a $8.5 million deal with Ovintiv (formerly Encana) to acquire 94 gross wells and 26,000 net acres (35,900 gross) in Richland County, Montana, and McKenzie County, North Dakota. The assets produce from the Bakken and other conventional reservoirs. The deal is expected to close April 30. Last April, Empire acquired producing assets covering 20,700 acres and including 184 wells in North Dakota and Montana from EnergyQuest II. In addition to......
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