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A&D - Freehold makes US debut in Bakken royalties purchase - August 2019

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Canada-based Freehold Royalties made its US debut, announcing that it acquired Williston Basin royalty assets in North Dakota for $9.8 million from an undisclosed seller. The agreement was struck in June and closed in early Q3. The company picked up 450 net mineral title acres (5,800 gross) targeting the Bakken. Estimated royalty production from these 75%-oil-weighted assets in 2020 is 200 boe/d and forecasted 2020 funds from operations associated with the acquired assets is......
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