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PetroShale expands in U.S. Bakken core in $55MM deal
Calgary-based PetroShale struck its sixth acquisition since launching its strategy to become a Bakken North Dakota pure-play in 2013. The latest $55 million deal will see the company acquire assets located near its core Williston Basin Fort Berthold focus area. PetroShale acquires 550 boe/d (90% oil) and 1,931 net undeveloped acres (100% HPB), representing a 34% increase from its existing Bakken/Three Forks acreage position of 5,749 net acres (91% HBP, 74,927 gross), of which......
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