Billings, Montana-based Voyager Oil & Gas Inc. has recently purchased acreage acreage in the Williston Basin targeting the Bakken shale.
Most recently, the company purchased nearly 11,500 net acres of leasehold in Williams and McKenzie Counties, North Dakota and Richland County, Montana. The comapny also has an additional 4,000 acres under contract that is expected to close in July. The latest acquisition, including acreage under contract, brings the Williston Bakken leasehold to 21,000 net acres.
The company is also currently participating in multiple wells in Mountrail and Williams Counties, ND.
"We are pleased to announce the additional acreage targeting the Bakken in North Dakota and Montana," said Voyager Oil & Gas CEO J.R. Reger. "Our North Dakota and Montana Bakken acreage is beginning to produce significant results," Reger added. The company is currently awaiting completion on two Bakken wells and owns acreage under 50 permitted wells, he continued.
Using a geology-based assessment methodology, the US Geological Survey estimated mean undiscovered volumes of 3.65 billion barrels of oil, 1.85 trillion cubic feet of associated/dissolved natural gas, and 148 million barrels of natural gas liquids in the Bakken Shale Formation of the Williston Basin Province, Montana and North Dakota.
Voyager Oil & Gas Inc. is an exploration and production company based in Billings, Montana. Voyager's primary focus is oil shale resource prospects in the continental US.
The company currently controls 21,000 net acres in the Bakken, 57,000 net acres in the Tiger Ridge Field area of central Montana and 33,500 net acres in the Heath Oil Shale in Montana.
